LAMEA BFSI Crisis Management Market Size, Share & Industry Trends Analysis Report By Component, By Enterprise Size, By Application, By Deployment (Cloud Based and On-Premise), By End-user, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa BFSI Crisis Management Market would witness market growth of 23.6% CAGR during the forecast period (2022-2028).
A plan for managing a financial crisis will typically cover a variety of possible outcomes. They will design a plan for communicating during a possible or present financial crisis after engaging with the leadership team and obtaining facts beforehand. Included in this will be a communication plan outlining how the general public should be addressed as well as the data that will need to be released. In addition to this, various organizations are organizing a crisis management team that will be trained to respond appropriately to any future incidents.
When it comes to the management of a financial crisis, the ability of the leadership of a firm to concentrate on the bottom line is of the utmost importance. Users will have an experienced communications team on their side if they hire a crisis management team to assist them in handling the situation. Businesses may prevent a financial crisis from becoming worse by handling it in a proactive manner, which will also give them more time to concentrate on turning around the company.
The UAE has been swiftly and closely following BFSI digitalization trends. The United Arab Emirates and the Middle East region in general are expanding and prospering marketplaces when it comes to cutting-edge banking trends and technologies. The Middle East region has a lot of untapped potentials and is well-positioned to become the next major hub for advancements in digital banking.
Nations in the Middle East are increasingly realizing how urgently needed it is for digital services to meet their needs. They are relaxing the existing laws and regulations to keep up with the changing market trends. To reflect the new norm of cashless transactions, regulations must be changed.
The Brazil market dominated the LAMEA BFSI Crisis Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $632.3 million by 2028. The Argentina market is experiencing a CAGR of 24.3% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 23.3% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Risk & Compliance Management, Incident Management & Response, Disaster Recovery & Business Continuity, Crisis Communication, and Others. Based on Deployment, the market is segmented into Cloud Based and On-Premise. Based on End-user, the market is segmented into Banks, Financial Service Providers, and Insurance companies. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NCC Group plc, ViacomCBS Inc. (Noggin), LogicGate, Inc., MetricStream, Inc., 4C Strategies, IBM Corporation, Cura Global GRC Solutions Pte Ltd, Cleverbridge GmbH, Deloitte Touche Tohmatsu Limited, and SAS Institute Inc.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
- Large Enterprises
- Risk & Compliance Management
- Incident Management & Response
- Disaster Recovery & Business Continuity
- Crisis Communication
- Cloud Based
By End User
- Financial Service Providers
- Insurance companies
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- NCC Group plc
- ViacomCBS Inc. (Noggin)
- LogicGate, Inc.
- MetricStream, Inc.
- 4C Strategies
- IBM Corporation
- Cura Global GRC Solutions Pte Ltd
- Cleverbridge GmbH
- Deloitte Touche Tohmatsu Limited
- SAS Institute Inc.
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