A WHITE PAPER FROM OUR RISK MANAGEMENT COLLECTION
Everybody Works in TPRM
The Multi-Billion Dollar Industry Lacking a True Organizational Champion
liminal white paper
Report Overview
The Third-Party Risk Management Industry is projected to grow to $19.9 billion by 2030, reflecting its critical role in managing regulatory, operational, and cybersecurity risks. Yet, despite significant investments, many TPRM programs remain fragmented, decentralized across departments like IT, compliance, and cybersecurity.
Only 2% of organizations have a dedicated TPRM task force managing their risk programs.
This lack of centralized ownership leads to inefficiencies, redundant spending, and inconsistent risk management practices. Without a clear organizational champion, TPRM often becomes a disjointed effort rather than a coordinated strategy.
Access our white paper to explore how leading organizations are overcoming these challenges by aligning cross-departmental priorities, streamlining resources, and adopting scalable TPRM frameworks that drive measurable outcomes.
What’s Inside:
- Why TPRM spending is projected to grow to $19.9 billion by 2030.
- How fragmented ownership creates inefficiencies and inconsistent practices.
- The risks of siloed budgets and redundant resource allocation across departments.
- Strategies for establishing a centralized TPRM champion to drive alignment.
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