| Product Code: ETC5495044 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Vendor risk management is a critical focus in Finland`s business ecosystem. Companies increasingly adopt comprehensive software solutions to monitor supplier performance, ensure compliance, and mitigate risks associated with third-party vendors.
The Finland Vendor Risk Management Market is driven by the increasing need for businesses to manage risks associated with third-party vendors. As supply chains become more global and complex, companies are turning to vendor risk management solutions to mitigate potential cybersecurity threats, regulatory compliance issues, and operational disruptions. The rise of data breaches and increasing regulatory scrutiny further supports the demand for these solutions.
Challenges in the vendor risk management market include the complexity of assessing risks across diverse industries and the high costs of implementing comprehensive solutions. Small and medium-sized enterprises often lack the resources to adopt such systems, limiting market penetration.
The Vendor Risk Management market in Finland is influenced by the countrys strict data protection and privacy regulations, especially under the GDPR framework. Finnish government policies require businesses to implement robust risk management practices when working with vendors, ensuring that third-party services comply with data security and privacy standards. The government provides guidelines and frameworks to help organizations assess and mitigate risks related to vendor relationships, particularly those involving sensitive customer data. This regulatory environment drives demand for advanced vendor risk management solutions that ensure compliance and protect against potential data breaches.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Finland Vendor Risk Management Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Vendor Risk Management Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Vendor Risk Management Market - Industry Life Cycle |
3.4 Finland Vendor Risk Management Market - Porter's Five Forces |
3.5 Finland Vendor Risk Management Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Finland Vendor Risk Management Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 Finland Vendor Risk Management Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.8 Finland Vendor Risk Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Finland Vendor Risk Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing regulatory requirements for vendor risk management in Finland |
4.2.2 Growing awareness about cybersecurity threats and the need for robust risk management practices |
4.2.3 Rise in outsourcing of critical functions by Finnish companies to third-party vendors |
4.3 Market Restraints |
4.3.1 Lack of skilled professionals in vendor risk management in Finland |
4.3.2 High implementation costs associated with advanced vendor risk management solutions |
5 Finland Vendor Risk Management Market Trends |
6 Finland Vendor Risk Management Market Segmentations |
6.1 Finland Vendor Risk Management Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Finland Vendor Risk Management Market Revenues & Volume, By Solution, 2021-2031F |
6.1.3 Finland Vendor Risk Management Market Revenues & Volume, By Service, 2021-2031F |
6.2 Finland Vendor Risk Management Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Finland Vendor Risk Management Market Revenues & Volume, By On-premises, 2021-2031F |
6.2.3 Finland Vendor Risk Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.3 Finland Vendor Risk Management Market, By Industry Vertical |
6.3.1 Overview and Analysis |
6.3.2 Finland Vendor Risk Management Market Revenues & Volume, By BFSI, 2021-2031F |
6.3.3 Finland Vendor Risk Management Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.3.4 Finland Vendor Risk Management Market Revenues & Volume, By Consumer Goods and Retail, 2021-2031F |
6.3.5 Finland Vendor Risk Management Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.3.6 Finland Vendor Risk Management Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.7 Finland Vendor Risk Management Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.3.8 Finland Vendor Risk Management Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Finland Vendor Risk Management Market Revenues & Volume, By Others, 2021-2031F |
6.4 Finland Vendor Risk Management Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Finland Vendor Risk Management Market Revenues & Volume, By SMEs, 2021-2031F |
6.4.3 Finland Vendor Risk Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 Finland Vendor Risk Management Market Import-Export Trade Statistics |
7.1 Finland Vendor Risk Management Market Export to Major Countries |
7.2 Finland Vendor Risk Management Market Imports from Major Countries |
8 Finland Vendor Risk Management Market Key Performance Indicators |
8.1 Percentage increase in the number of vendor risk management certifications obtained by Finnish companies |
8.2 Average time taken to onboard a new vendor into the risk management system |
8.3 Percentage reduction in cybersecurity incidents attributed to improved vendor risk management practices |
9 Finland Vendor Risk Management Market - Opportunity Assessment |
9.1 Finland Vendor Risk Management Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Finland Vendor Risk Management Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 Finland Vendor Risk Management Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
9.4 Finland Vendor Risk Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Finland Vendor Risk Management Market - Competitive Landscape |
10.1 Finland Vendor Risk Management Market Revenue Share, By Companies, 2024 |
10.2 Finland Vendor Risk Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |