Overview

The evolving threat landscape, characterized by global digitalization efforts, is currently creating significant growth opportunities for external risk mitigation and management (ERMM). With increase in attack surfaces, rising IT complexities, and organizations relying more on third parties for various service requirements, traditional perimeter-focused security measures are fast becoming obsolete. As threats continue to extend beyond network perimeters, the demand for proactive solutions like ERMM is rising.

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• What strategies is your company implementing to traverse the evolving threat landscape and ensure comprehensive data protection in this era of hyper digitalization?
• What steps are your teams taking to seize growth opportunities in ERMM amidst evolving threats, digitalization, and expanding attack surfaces?
• Are you integrating ERMM best practices to address the growing challenges posed by the modern threat landscape?

Embracing Global ERMM Expansion: Unveiling Growth Opportunities in Risk Mitigation

In the midst of ever-evolving global digitalization, the dynamic threat landscape is unveiling new avenues for external risk mitigation and management (ERMM) to flourish. With attack surfaces multiplying and IT complexities escalating, the reliance on traditional perimeter-based security measures is fast becoming redundant. Organizations are increasingly turning to ERMM as a proactive shield against threats transcending network perimeters. This surge in demand for ERMM is being fueled by the urgent need to counteract risks stemming from virtual interactions, expanding partner networks, and the proliferation of sophisticated attack tactics like smishing and phishing-as-a-service.

• The global ERMM industry is projected to experience a stable compound annual growth rate (CAGR) of 32.2% from 2022 to 2027.
• China, India, Japan, and Australia continue to stand out as significant hubs in APAC, with high concentrations of large and midsized market enterprises{please check for correctness}, demonstrating substantial growth opportunities for ERMM vendors.

Strategic Imperatives impacting the ERMM Realm:

• Industry Convergence: Ensuring the effective allocation of cybersecurity resources within integrated ERMM packages to target critical risk areas and address vulnerabilities.
• Transformative Mega trends: Centralizing risk management processes within a single platform to gain a holistic view of the risk landscape and make informed decisions to protect digital assets.
• Competitive Intensity: Maximizing ERMM potential while mitigating risks of service commoditization due to increased vendor entries.

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