Industry Convergence Dictates Future Growth Potential of ERMM Solutions
18-Dec-2023
Global
Market Research
K93C-01-00-00-00
AE_2023_441
The modern threat landscape has transformed significantly due to global digitalization efforts, leading to increased attack surfaces, IT complexity, and reliance on 3rd parties. Traditional security measures focused on the perimeter are no longer sufficient, as threat actors now target digital assets beyond an organization’s network. Virtual interactions and expanding partner networks have elevated the risk of phishing attacks and 3rd party breaches. The proliferation of AI and sophisticated methodologies like smishing and phishing-as-a-service has fueled the rise of phishing and brand impersonation attacks. Businesses must take responsibility for data protection to avoid severe consequences, including brand erosion, disruptions, customer loss, and revenue decline. Despite these risks, many organizations still rely on reactive perimeter-based security, highlighting the need for a holistic and proactive approach like External Risk Mitigation and Management (ERMM).
ERMM comprises cybersecurity practices focused on mapping the external attack surface, continually monitoring the threat landscape, mitigating risks, and implementing a comprehensive risk strategy to enhance organizational security. Furthermore, ERMM uniquely integrates former distinct practices like external attack surface management (EASM), cyber threat intelligence (CTI), and digital risk protection (DRP) into a unified experience. Safeguarding organizations from threats has become a collaborative effort involving various departments in managing comprehensive risk strategies and counteract fraud campaigns and supply chain attacks. Despite this need for collaboration, many organizations and security teams still operate in silos, hindering the overall effectiveness of their security efforts. ERMM platforms serve as the connective tissue within organizations, not only consolidating CTI, DRP, and EASM use cases but also integrating governance, risk, and compliance (GRC), marketing, legal, and IT processes with security operations.
The external risk mitigation and management (ERMM) market is in its early growth stage, with the CTI, DRP, and EASM spaces continuing to converge. The entry of larger cybersecurity platform providers into the ERMM space through either proprietary solutions or acquisitions will contribute to accelerated market growth. Key drivers include the rising importance of proactive anti-phishing protection and an increase in supply chain attacks. Vendors will continue prioritizing growth in North America (NA) and Europe, the Middle East, and Africa (EMEA), given the regions’ concentration of large enterprises with higher security maturity and budgets. However, the Asia-Pacific (APAC) and Latin America (LATAM) regions will also experience steady growth, with an overall trend toward increased security maturity.
Author: Martin Naydenov
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the ERMM Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Overview
ERMM: The Connective Tissue of an Organization
Making Heads and Tails of ERMM
Use Cases
From Risk to Reward: ERMM Benefits
Insights and Recommendations
Scope of Analysis
Segmentation
Key Vendors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Industry Vertical
Revenue Forecast by Business Size
Revenue Forecast Analysis
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Business Size
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Business Size
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Business Size
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Industry Vertical
Revenue Forecast by Business Size
Forecast Analysis
Growth Opportunity 1: Strategic ERMM Marketing Campaigns
Growth Opportunity 1: Strategic ERMM Marketing Campaigns (continued)
Growth Opportunity 2: Expansion into the LATAM Market
Growth Opportunity 2: Expansion into the LATAM Market (continued)
Growth Opportunity 3: Double Down on AI Integrations
Growth Opportunity 3: Double Down on AI Integrations (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
- ERMM: Growth Metrics, Global, 2022
- ERMM: Distribution Channel Analysis, Global, 2022
- ERMM: Growth Drivers, Global, 2023-2027
- ERMM: Growth Restraints, Global, 2023-2027
- ERMM: Revenue Forecast, Global, 2019–2027
- ERMM: Revenue Forecast by Region, 2019–2027
- ERMM: Revenue Forecast by Industry Vertical, Global, 2019–2027
- ERMM: Revenue Forecast by Business Size, 2019–2027
- ERMM: Revenue Share of Top Participants, Global, 2022
- ERMM: Growth Metrics, NA, 2022
- ERMM: Revenue Forecast, NA, 2019–2027
- ERMM: Revenue Forecast by Industry Vertical, NA, 2019–2027
- ERMM: Revenue Forecast by Business Size, NA, 2019–2027
- ERMM: Growth Metrics, LATAM, 2022
- ERMM: Revenue Forecast, LATAM, 2019–2027
- ERMM: Revenue Forecast by Industry Vertical, LATAM, 2019–2027
- ERMM: Revenue Forecast by Business Size, LATAM, 2019–2027
- ERMM: Growth Metrics, EMEA, 2022
- ERMM: Revenue Forecast, EMEA, 2019–2027
- ERMM: Revenue Forecast by Industry Vertical, LATAM, 2019–2027
- ERMM: Revenue Forecast by Business Size, EMEA, 2019–2027
- ERMM: Growth Metrics, APAC, 2022
- ERMM: Revenue Forecast, APAC, 2019–2027
- ERMM: Revenue Forecast by Industry Vertical, APAC, 2019–2027
- ERMM: Revenue Forecast by Business Size, APAC, 2019–2027
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| Deliverable Type | Market Research |
|---|---|
| Author | Martin Naydenov |
| Industries | Aerospace, Defence and Security |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Risk Mitigation Strategies |
| Keyword 2 | ERMM Market Trends |
| Keyword 3 | Risk Mitigation Solutions |
| List of Charts and Figures | ERMM: Growth Metrics, Global, 2022~ ERMM: Distribution Channel Analysis, Global, 2022~ ERMM: Growth Drivers, Global, 2023-2027~ ERMM: Growth Restraints, Global, 2023-2027~ ERMM: Revenue Forecast, Global, 2019–2027~ ERMM: Revenue Forecast by Region, 2019–2027~ ERMM: Revenue Forecast by Industry Vertical, Global, 2019–2027~ ERMM: Revenue Forecast by Business Size, 2019–2027~ ERMM: Revenue Share of Top Participants, Global, 2022~ ERMM: Growth Metrics, NA, 2022~ ERMM: Revenue Forecast, NA, 2019–2027~ ERMM: Revenue Forecast by Industry Vertical, NA, 2019–2027~ ERMM: Revenue Forecast by Business Size, NA, 2019–2027~ ERMM: Growth Metrics, LATAM, 2022~ ERMM: Revenue Forecast, LATAM, 2019–2027~ ERMM: Revenue Forecast by Industry Vertical, LATAM, 2019–2027~ ERMM: Revenue Forecast by Business Size, LATAM, 2019–2027~ ERMM: Growth Metrics, EMEA, 2022~ ERMM: Revenue Forecast, EMEA, 2019–2027~ ERMM: Revenue Forecast by Industry Vertical, LATAM, 2019–2027~ ERMM: Revenue Forecast by Business Size, EMEA, 2019–2027~ ERMM: Growth Metrics, APAC, 2022~ ERMM: Revenue Forecast, APAC, 2019–2027~ ERMM: Revenue Forecast by Industry Vertical, APAC, 2019–2027~ ERMM: Revenue Forecast by Business Size, APAC, 2019–2027~ |
| Podcast | No |
| Predecessor | K7D1-01-00-00-00 |
| WIP Number | K93C-01-00-00-00 |
Global External Risk Mitigation & Management (ERMM) Growth Opportunities
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