Ernst & Young Global Limited, OneTrust, LLC, and Deloitte Touche Tohmatsu Limited, are dominating the North America Third Party Risk Management Market in 2020

North America Third Party Risk Management Market is expected to grow with the CAGR of 18.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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North America third party risk management market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in North America third party risk management market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In August 2021, Genpact announced the expansion in Japan via the opening of a new delivery center in Fukuoka under Genpact Japan K.K. (Chiyoda-ku, Tokyo), the Japanese subsidiary of Genpact. The new delivery center provided additional flexible sourcing options and high-quality services to the company’s clients. This helped the company to expand its North America footprint.

Ernst & Young Global Limited, is the dominating player in North America third party risk management market. The other key players existing in the market includes among others.

North America Third Party Risk Management Market Ernst & Young Global Limited

Ernst & Young Global Limited is incorporated in 1989, and is founded in London, U.K. The company offers services and solutions concerning assurance, consulting, strategy and transactions and tax for clients looking to capitalise on digital transformation opportunities. The product categories of the company include EY private, consulting, assurance, tax, strategy and transactions. The market focused category is consulting.  

  • In April 2021, Ernst & Young Global Limited announced the strengthening of its partnership with RSA Security LLC, a company focused on risk management and cyber security. The alliance aimed at helping enterprises to accelerate their operational and IT risk transformation through the combined capabilities of Ernst & Young and Archer which is a RSA business focused on integrated risk management solutions. This enabled the company to offer their client with scalable operational risk and cybersecurity transformation programs for their risk management and cybersecurity strategies such as third party risks.

The company has presence in America, Europe, Asia-Pacific, Middle East and Africa.

OneTrust, LLC

OneTrust, LLC is headquartered in Atlanta, U.S. The company offers workflow solutions for privacy, security, data governance, GRC, third-party risk, ethics and compliance, and ESG programs. The product categories of the company include privacy, consent & preferences, third-party risks, GRC, Data discovery, data governance, ethics & compliance, environmental, social & governance. The market focused business category is third-party risks.

  • In April 2021, In April, OneTrust, LLC announced the acquisition of Convercent, a company dealing in ethics and compliance. The acquisition brought the ethics and compliance technology into OneTrust’s technology platform of trust, bringing together privacy, data governance, GRC, third-party risk, ESG and ethics. It also helped the company to drive ethics to the center of its business.

The company has presence in North America, South America, Europe, Asia, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as, Skype Communication S.a.r.l., LinkedIn Corporation, GitHub, and among others.

Deloitte Touche Tohmatsu Limited

Deloitte is founded in 1845 and is headquartered in London, U.K. The company offers audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to various enterprises. The product categories of the company include Audit & Assurance, Consulting, Risk Advisory, Financial Advisory, Legal, Tax. The market focused category is Risk Advisory.

  • In August 2021, Deloitte Touche Tohmatsu Limited announced the acquisition of CyberSolutions, the industrial cybersecurity business of Applied Engineering Solutions. This helped the company to enhance its experience in industrial cybersecurity and IoT related to cybersecurity. With the acquisition the company was able to expand its capabilities and offerings in the cyber threat risk management.

The company has presence in Americas, Europe, Middle East & Africa, Asia-Pacific.