| Product Code: ETC4414658 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Vendor Risk Management (VRM) Market in Pakistan is witnessing growth due to the increasing focus on managing and mitigating risks associated with third-party vendors. VRM solutions help organizations assess, monitor, and manage vendor risks to ensure compliance and protect sensitive data. The market growth is driven by the rising adoption of digital technologies, increasing regulatory requirements, and the growing emphasis on cybersecurity.
The Pakistan Vendor Risk Management Market is gaining traction as organizations recognize the importance of mitigating risks associated with their suppliers and third-party vendors. With an increasing number of businesses relying on external partners for critical functions, the need to assess and manage vendor-related risks has become paramount. Regulatory compliance requirements, data security concerns, and the need to safeguard business continuity are driving the adoption of vendor risk management solutions. Additionally, the rising awareness about potential supply chain disruptions and cyber threats further underscores the importance of robust risk management practices among enterprises operating in Pakistan.
The vendor risk management market in Pakistan faces challenges such as the high cost of advanced risk management solutions and the lack of local expertise. Dependence on imports for critical components increases costs and supply chain vulnerabilities. Additionally, limited awareness about the benefits of vendor risk management for improving business resilience hampers market growth and adoption.
In the Vendor Risk Management market, government policies emphasize supply chain security, business continuity planning, and regulatory compliance. Regulatory frameworks include vendor due diligence requirements, risk assessment methodologies, and supplier relationship management guidelines. Initiatives promote technology adoption in risk management tools, skills development in procurement practices, and market facilitation of vendor risk assessment services to mitigate supply chain risks, ensure operational resilience, and safeguard business interests in Pakistan.
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 Pakistan Vendor Risk Management Market Overview |
3.1 Pakistan Country Macro Economic Indicators |
3.2 Pakistan Vendor Risk Management Market Revenues & Volume, 2021 & 2031F |
3.3 Pakistan Vendor Risk Management Market - Industry Life Cycle |
3.4 Pakistan Vendor Risk Management Market - Porter's Five Forces |
3.5 Pakistan Vendor Risk Management Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Pakistan Vendor Risk Management Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 Pakistan Vendor Risk Management Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.8 Pakistan Vendor Risk Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Pakistan Vendor Risk Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness of cybersecurity risks and data breaches in Pakistan |
4.2.2 Stringent regulatory requirements driving organizations to prioritize vendor risk management |
4.2.3 Adoption of cloud-based vendor risk management solutions for scalability and cost-efficiency |
4.3 Market Restraints |
4.3.1 Lack of skilled cybersecurity professionals in Pakistan |
4.3.2 Resistance to change and lack of understanding of the importance of vendor risk management |
4.3.3 Limited budget allocation for cybersecurity measures by some organizations |
5 Pakistan Vendor Risk Management Market Trends |
6 Pakistan Vendor Risk Management Market, By Types |
6.1 Pakistan Vendor Risk Management Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Pakistan Vendor Risk Management Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Pakistan Vendor Risk Management Market Revenues & Volume, By Solution, 2021-2031F |
6.1.4 Pakistan Vendor Risk Management Market Revenues & Volume, By Service, 2021-2031F |
6.2 Pakistan Vendor Risk Management Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Pakistan Vendor Risk Management Market Revenues & Volume, By On-premises, 2021-2031F |
6.2.3 Pakistan Vendor Risk Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.3 Pakistan Vendor Risk Management Market, By Industry Vertical |
6.3.1 Overview and Analysis |
6.3.2 Pakistan Vendor Risk Management Market Revenues & Volume, By BFSI, 2021-2031F |
6.3.3 Pakistan Vendor Risk Management Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.3.4 Pakistan Vendor Risk Management Market Revenues & Volume, By Consumer Goods and Retail, 2021-2031F |
6.3.5 Pakistan Vendor Risk Management Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.3.6 Pakistan Vendor Risk Management Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.7 Pakistan Vendor Risk Management Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.3.8 Pakistan Vendor Risk Management Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Pakistan Vendor Risk Management Market Revenues & Volume, By Others, 2021-2031F |
6.4 Pakistan Vendor Risk Management Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Pakistan Vendor Risk Management Market Revenues & Volume, By SMEs, 2021-2031F |
6.4.3 Pakistan Vendor Risk Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 Pakistan Vendor Risk Management Market Import-Export Trade Statistics |
7.1 Pakistan Vendor Risk Management Market Export to Major Countries |
7.2 Pakistan Vendor Risk Management Market Imports from Major Countries |
8 Pakistan Vendor Risk Management Market Key Performance Indicators |
8.1 Number of data breaches reported in Pakistan |
8.2 Percentage increase in organizations implementing vendor risk management solutions |
8.3 Average time taken to onboard a new vendor into the risk management system |
9 Pakistan Vendor Risk Management Market - Opportunity Assessment |
9.1 Pakistan Vendor Risk Management Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Pakistan Vendor Risk Management Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 Pakistan Vendor Risk Management Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
9.4 Pakistan Vendor Risk Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Pakistan Vendor Risk Management Market - Competitive Landscape |
10.1 Pakistan Vendor Risk Management Market Revenue Share, By Companies, 2024 |
10.2 Pakistan Vendor Risk Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |