During a 2023 survey carried out among media strategists, planners and buyers from North America who worked on programmatic campaigns, it was found that behavioral and interest/intent data were third-party data types used most in digital advertising campaigns, both named by 89 percent of respondents. Demo and lifestyle data followed, mentioned by 78 and 72 percent, respectively.

In 2021, expenditure on third party audience data in the United States amounted to 22 billion U.S. dollars, out of which 13.3 billion was spent on data itself and 8.7 billion on audience data activation solutions.

Management Information about third party payment transactions done by SSA for employees, vendors, immediate and emergency beneficiary/recipient payments.

During a global 2024 survey, 85 percent of responding advertising professionals stated that they or their clients were favoring first-party data identifiers to address cookieless traffic. Data clean rooms were being favored by 51 percent of respondents.

According to Cognitive Market Research, The global third-party risk management market size is USD 5.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 17.20% from 2023 to 2030.

The demand for third party risk managements is rising due to Resource optimization to protect the interests of millions of digital financial service consumers.
Demand for cloud remains higher in the third party risk management market.
The BFSI category held the highest third party risk management market revenue share in 2023.
North American third party risk management will continue to lead, whereas the European third party risk management market will experience the most substantial growth until 2030.

Rising Instances of Cyber-attacks and Frauds in Digital Financial Services to Provide Viable Market Output

With greater internet penetration, the deployment of smart technology has enhanced the appeal of digital financial services such as mobile banking and digital payments. Because of the growth of digital services, businesses must adapt and incorporate sophisticated technologies into their offerings. However, as the use of digital payment systems in the BFSI sector has grown, so have the risks of cyber-attacks and fraud. BFSI stakeholders are investing heavily to protect their clients from such disasters. The market for third-party risk management will develop as resources are optimized to protect the interests of millions of users of digital financial services.

Growing digitization of Businesses to Propel Market Growth

Industry automation and digitization have exacerbated data privacy and security breaches. With growing digitization, various stakeholders become involved, heightening safety issues. This spike in third-party involvement is propelling the third-party risk management market, raising associated hazards. As industries increasingly rely on external partners and vendors, the need for robust risk management solutions to protect against potential vulnerabilities and ensure the integrity of sensitive data becomes critical in the midst of an evolving landscape of technological advancements and increased interconnectivity.

Market Dynamics of Third Party Risk Management

High Capital Expenditure to Restrict Market Growth

Third-party risk management necessitates specialized resources and staff skilled in risk identification and mitigation. Providing dedicated services for comprehensive risk management responsibilities on behalf of large corporations necessitates significant capital outlays. The cost of acquiring and sustaining these resources is considerable, which could be a hindrance to market expansion. The costs of developing and maintaining effective third-party risk management solutions may discourage some entities, particularly small enterprises, from fully embracing these services. Striking a compromise between the requirement for strong risk management and the related expenditures is critical for promoting wider adoption and sustaining the third-party risk management market's growth.

Impact of COVID–19 on the Third Party Risk Management Market

The COVID-19 pandemic has had a substantial impact on the growth of the third-party risk management business. As a result, COVID-19 had a positive impact on the market. According to a third-party threat control analysis, COVID-19 has harmed multiple global markets by disrupting supply chains as a result of market restrictions and logistics prohibitions implemented by countries all over the world. However, a few markets benefited from the pandemic's consequences. The COVID-19 epidemic has resulted in a 600% surge in cybercrime, which includes anything from theft to data hacking and destruction. Every industry has had to adopt new technologies, requiring organizations to act quickly in order to adapt. Introduction of Third Party Risk Management

Third-party risk management is risk management that focuses on identifying and mitigating risks linked with the use of third parties. The discipline is meant to assist organizations in understanding the third parties with whom they collaborate, how they collaborate, and the security mechanisms in place. Businesses are increasingly relying on third parties to boost profitability, reduce time to market, obtain a competitive advantage, and decrease costs. Third-party threat control is typically necessary once every day and continues throughout the day. Th...

According to an April 2024 survey, over 40 percent of voters in the United States would consider voting for a third-party candidate in the 2024 presidential elections. However, 24 percent of Republicans and 21 percent of Democrats reported that they would not consider voting third-party.

Data includes the following information for each service provider: * region (the ministry's geographical boundary) * program * service provider ID * service provider name (legal name) * service provider address * service delivery site ID * service delivery site address Service providers have contractual agreements with the Ministry of Training, Colleges and Universities to deliver a program. Service delivery sites are the physical locations where these programs are offered. There may be multiple service delivery sites for each service provider. Visit Employment Ontario for more information.

Third-Party Logistics (3PL) Market size worth at $1,521.94 Billion in 2023 and projected to $3,093.45 Billion by 2032, a CAGR of 8.2% By 2024-2032.

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Third-Party Banking Software Market Size 2025-2029

The third-party banking software market size is forecast to increase by USD 10.56 billion at a CAGR of 6.6% between 2024 and 2029.

The global third-party banking software market is expanding steadily, driven by the growing adoption of digital payment solutions and advancements in cloud computing. Key factors include a shift in consumer behavior toward mobile and online banking, increasing the need for efficient transaction management and information services, and the integration of analytics, which enhances decision-making and customer insights for financial institutions.
This report provides a comprehensive resource for businesses, detailing market size, growth forecasts through 2029, and key segments like core banking software, which leads due to its critical role in managing essential banking operations. It explores trends such as the rising use of AI-driven tools for personalized banking services and addresses challenges like data privacy concerns, which remain a significant hurdle amid increasing digitization. The analysis is tailored for practical applications in strategy, operational efficiency, and customer engagement.
For companies aiming to stay competitive in the global third-party banking software market, this report offers actionable data and insights into leveraging digital trends and navigating security challenges, ensuring they can adapt to a rapidly evolving financial landscape.

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Big data analytics is another significant trend, enabling banks to gain valuable insights from their data and improve customer experience. Third-party banking software providers offer a range of solutions to cater to the varying needs of commercial and retail banks. These solutions help banks streamline their operations, improve customer service, and enhance data security. The market is expected to continue growing as banks seek to leverage digital technology to remain competitive and meet evolving customer demands.

How is this Third-Party Banking Software Industry segmented?

The third-party banking software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Core banking software
  Omnichannel banking software
  Business intelligence software
  Wealth management software


Deployment

  On-premises
  Cloud


Application

  Risk Management
  Information Security
  Business Intelligence


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By Type Insights

The core banking software segment is estimated to witness significant growth during the forecast period. The market encompasses advanced analytical tools and solutions for financial transaction tracking, bookkeeping, core banking systems, and operational efficiency. Core banking software, a segment of this market, facilitates multi-channel access to banking services through ATMs, computers, smartphones, and the internet. The retail banking sector's expansion, fueled by government initiatives and consumer behavior shifts, is a significant growth factor. Core banking software enables seamless digital experiences, such as mobile banking apps, online account management, and customer experience management.

Business intelligence, risk management, and wealth management software are also integral parts of the market, offering advanced features like artificial intelligence and big data analytics. Companies in this industry collaborate to offer integrated solutions, such as the Cyberbank platform, enabling digital transformation and regulatory compliance. The market's growth is further influenced by industry trends, IT infrastructure advancements, and geographic expansion.

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The core banking software segment was valued at USD 8.14 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American the market is projected to expand due to the region's technological advancements and early adoption of innovative technologies. Leading investment banks are investing in technology to enhance customer service. Cloud-computing applications, such as databas

When browsing an e-commerce site, there's a high chance that Wordpress has been installed on it. As of September 2024, it was the most used third-party technology on e-commerce stores, with nearly 4.6 million installs worldwide. Cloudfare followed in second, at around 4.3 million installs.

The Third Party Logistics Market estimated size and share is projected to exceed USD 2448.06 Billion by 2034, with a forecasted CAGR of 7.5% during the period

Indonesia Deposits: Third Party Funds data was reported at 5,782,227.000 IDR bn in Jun 2019. This records an increase from the previous number of 5,660,025.000 IDR bn for May 2019. Indonesia Deposits: Third Party Funds data is updated monthly, averaging 4,463,542.000 IDR bn from Jan 2013 (Median) to Jun 2019, with 78 observations. The data reached an all-time high of 5,782,227.000 IDR bn in Jun 2019 and a record low of 3,200,556.800 IDR bn in Jan 2013. Indonesia Deposits: Third Party Funds data remains active status in CEIC and is reported by Indonesia Deposit Insurance Corporation. The data is categorized under Global Database’s Indonesia – Table ID.KAC003: Deposit: by Ownership.

Indonesia Commercial Banks: SoF: 3rd Party Funds: Rp data was reported at 4,903,468.256 IDR bn in May 2019. This records an increase from the previous number of 4,870,089.434 IDR bn for Apr 2019. Indonesia Commercial Banks: SoF: 3rd Party Funds: Rp data is updated monthly, averaging 3,476,318.455 IDR bn from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 4,903,468.256 IDR bn in May 2019 and a record low of 1,933,690.618 IDR bn in Feb 2011. Indonesia Commercial Banks: SoF: 3rd Party Funds: Rp data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAE002: Sources and Uses of Fund: by Bank.

Third-Party Logistics Market is projected to reach USD 2,442.3 billion by 2032, growing at a CAGR of 8.2% from 2024 to 2032.

The objective of this document is to ensure that sponsors of SRTDs have the necessary information to satisfy the regulatory requirements under the Food and Drug Regulations with respect to safety, efficacy and quality which provides the basis of Health Canada's drug review and approval process.

The Third-Party Peacekeeping Missions Data Set, 1946-2022 (Version 3.5) includes detailed information on all of the third-party peacekeeping missions, including missions established by the United Nations, regional organizations, and states, in intrastate disputes between January 1, 1946 and December 31, 2022.

Global third-party optical transceivers market size was worth around USD 3100 million in 2022 and is predicted to grow USD 5300 million by 2030 with a CAGR of 11%

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Third-Party Risk Management Market Size 2024-2028

The third-party risk management market size is forecast to increase by USD 7.42 billion at a CAGR of 16.76% between 2023 and 2028.

The global third-party risk management market is growing steadily, driven by the increasing complexity of business ecosystems and advancements in risk management technology. Key factors include the rising need for regulatory compliance, as businesses face stricter mandates like GDPR and the Bank Secrecy Act, and the integration of artificial intelligence and machine learning, which enable automated risk assessments and real-time monitoring for industries such as BFSI, healthcare, and IT.
This report provides a comprehensive analysis of the global third-party risk management market, covering market size, growth forecasts, and key segments like solutions and services. It offers practical insights for business strategy, vendor management, and compliance planning. A notable trend is the growing adoption of cloud-based platforms, which provide scalability and real-time updates for efficient risk management. One significant challenge addressed is the high cost of implementation, which can strain budgets, particularly for smaller organizations. The report also examines regional dynamics, highlighting opportunities in North America, Europe, APAC, and other key markets.
For businesses aiming to stay competitive in a global landscape, this report delivers essential data and strategies to navigate regulatory pressures and address cost barriers, ensuring they effectively manage third-party risks in an interconnected world

What will be the Size of the Third-Party Risk Management Market During the Forecast Period?

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Costs associated with third-party risk management continue to rise, driven by the probabilities of potential risks and the need for workforce training programs. Deployment modes vary, with cloud-based solutions becoming increasingly popular due to their flexibility and ease of integration. Overall, the market is expected to continue growing as organizations prioritize security management and data management in the face of evolving risks.

How is this Third-Party Risk Management Industry segmented?

The third-party risk management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Solution
  Service


Deployment

  Cloud
  On-premises


Organization Size

  SMEs
  Large Enterprises


Vertical

  BFSI
  IT and Telecom
  Healthcare and Life Sciences
  Government, Defense, and Aerospace
  Retail and Consumer Goods
  Manufacturing
  Energy and Utilities
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America



  Middle East and Africa

By Component Insights

The solution segment is estimated to witness significant growth during the forecast period. Third-party risk management solutions offer organizations software, including Software-as-a-Service, to manage and mitigate risks associated with companies, suppliers, and contractors. These solutions automate processes for data gathering, onboarding, real-time monitoring, risk assessments, and compliance control. An integrated approach fosters trust and growth in third-party relationships while safeguarding shared data. In today's business landscape, securing data from cyber-attacks, data theft, and other third-party risks is crucial. New generation technologies like artificial intelligence (AI) and machine learning (ML) enhance risk management capabilities.

Additionally, professional services and managed services provide organizations with competitive advantages, enabling productivity, capital investments, workforce training programs, and component deployment flexibility. Organizations of all sizes and verticals, including IT and Telecom, Energy and Utilities, and Compliance mandates, benefit from these solutions.

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The solution segment was valued at USD 2.15 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is projected to expand due to regulatory compliance demands, particularly the European Markets Infrastructure Regulation (EMIR) implemented in 2014. EMIR regulates European derivative markets, central

As of October 2024, about 53 percent of Democrats expressed the need for a third major party in U.S. politics, while the figure was 48 percent for Republicans. Perhaps unsurprisingly, about two-thirds of independents in the U.S. agreed on the need for a third major political party.

Third-Party Logistics Software Market size was valued at USD 1272.34 Billion in 2024 and is projected to reach USD 2254.93 Billion by 2031, growing at a CAGR of 8.18% from 2024 to 2031.

Global Third-Party Logistics Software Market Drivers

Growth of the Electronic Commerce Sector: The logistics industry has undergone a fundamental transformation due to the exponential expansion of e-commerce. Due to the increase in online shopping, there is a greater need than ever for scalable and effective logistics solutions to handle the large number of orders and guarantee on-time delivery. 3PL software gives e-commerce companies the tools they need to exceed customer expectations by streamlining transportation, managing inventory, and optimising warehouse operations.

Growing Supply Chain Complexity: With numerous participants, dispersed geographical locations, and a variety of delivery methods, modern supply chains are become more and more complicated. 3PL software offers integrated solutions that optimise supply chain processes, assisting in the management of this complexity. For complicated supply chains to be handled effectively, features including multi-modal transportation management, worldwide trade compliance, and smooth communication between many logistics partners are essential.

The Need for Cost-Reduction and Operational Efficiency: Companies are always looking for methods to cut expenses and increase operational effectiveness. By streamlining route planning, improving inventory control, and automating several logistical procedures, 3PL software aids in the accomplishment of these objectives. 3PL software makes use of cutting-edge algorithms and real-time data to minimise delays, lower transportation costs, and boost overall productivity. In a market where costs are critical, these advantages are especially alluring to businesses trying to preserve their competitive edge.

Developments in Technology: The market for 3PL software is mostly driven by technological advancements. The Internet of Things (IoT), blockchain, machine learning, artificial intelligence (AI), and other cutting-edge technologies have completely changed logistical operations. Blockchain guarantees transaction confidentiality and transparency, IoT improves asset tracking and monitoring, while AI and ML provide predictive analytics and intelligent decision-making. Thanks to these developments, 3PL software is now more reliable, effective, and able to adapt to the changing demands of contemporary supply chains.