TechNavio today published its report Global Operational Risk Management (ORM) Market 2010â€“2014. The report discusses the significant trends impacting this market.
Online PR News – 24-February-2012 – – February 23, 2012 -- TechNavioâ€™s report highlights that the rising demand for ORM solutions in specific segments such as Insurance, Asset/Fund Management, and Broker/Dealers has fuelled the growth of the Global ORM market. The risk management expenditure in these segments is driven by an increased focus on the benefits of compliance and the convergence of ORM. This expenditure is expected to increase further as the focus shifts from regulatory compliance to value-adding performance management.
Commenting on the report, an analyst from TechNavioâ€™s Enterprise Applications team said, "The forthcoming year will see a shift in the perception of compliance, with an increasing number of firms no longer seeing risk management as a burden, but an opportunity to reinforce control strategies and achieve better transparency. Through the adoption of ORM, financial institutions can exercise better control over their operations in a timely manner, thus attaining a greater chance of preventing losses."
Key findings from the report:
* Increased Demand for Accountability and Transparency
* Inconsistent Techniques for Advanced Measurement Approach
* High Growth Expected in EMEA and APAC
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit www.technavio.com.
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