Top Companies in BFSI Crisis Management Market | Top Key Players Market Analysis, Opportunities, Full Research Report | Vantage Market Research

The financial technology breakthrough and progress known as the BFSI Crisis Management solution aids in coping with a variety of incidents and emergency circumstances in the BFSI industry.

Top Companies in BFSI Crisis Management Market | Top Key Players Market Analysis, Opportunities, Full Research Report | Vantage Market Research
bfsi crisis management market

Market Overview:

The Global BFSI Crisis Management Market was valued USD 12.5 Billion in 2021 and is anticipated to reach a value of USD 32.8 Billion by 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 17.5% over the forecast period. BFSI Crisis Management solutions are used in various industries, including lending, payments, international money transfers, personal finance, equity financing, and insurance. The need for crisis management solutions in the financial services industry has developed to protect an organization's reputation and deal with threats to economic viability, employee health, and overall public safety. Over the forecast period, the Global BFSI Crisis Management Market is expected to rise significantly. The increase in expenditures made by banks and financial institutions on innovative technology to improve their services and customer experience can be ascribed to market expansion. 

Incorporating technology such as Artificial Intelligence (AI), big data, machine learning, and cloud computing into crisis management solutions allow users to track ongoing events in real-time and efficiently handle incoming observations. At the same time, as crisis management solution providers focus more on strengthening financial services, cyber security, and fraud detection and risk management, demand for crisis management solutions in the BFSI sector is likely to grow, increasing market growth.

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Some of the key players operating in the BFSI Crisis Management Market are listed below:

Company Name

Revenue in the US

  • NCC Group

$387 Million

  • Noggin 

$18 Million

  • Logic Gate

$31 Million

  • Metric Stream Inc.

$199 Million

  • 4C Strategies

$8 Million

  • IBM

$57 Billion

  • Cura Software Solutions

$16 Million

  • Konexus 

$10 Million

  • Ever bridge, Inc.

$368 Million

  • SAS Institute Inc.

$3 Billion


  1. NCC Group

The Company offers assessment and advisory services, including risk management, cloud & infrastructure, supply chain risk, application & security software, managed vulnerability scanning, mobile, hardware & embedded systems, calibrator, cryptography, and cyber security review solutions. The company also provides response and detection services, including managed detection and response, incident response, and threat intelligence. The Company also provides compliance services such as payments, data privacy, government security, and remediation and bug bounty services. In addition, the Company provides training services for tech specialists, administrators, end-users, and managers. Further, the company offers software resilience services, such as on-premises software escrow agreements, cloud software escrow solutions, virtual & physical escrow vaults, software security testing, and software risk assessment tools. The Company serves customers in various industries, including finance and professional, manufacturing, transport and, retail, public, and energy & utilities, as well as technology, media, and telecommunications. NCC Group PLC was founded in 1999 and is headquartered in Manchester, the United Kingdom.

  1. Noggin 

Noggins Pt. Ltd. is located in Sydney, New South Wales, Australia, and is part of the Software Publishers Industry. The Company is an operator of incident management and organizational resilience firms intended for corporate disruption management. The Company's platform provides security incident reports, situational awareness, and incident reporting dashboards, enabling clients to manage any risk, hazard, or incident in a single integrated solution. Noggins Pty Ltd has 69 employees at this location, with offices in North America, Europe, and Australia.

  1. Logic Gate

Logic Gate, Inc. develops application software. A risk management platform is designed to transform mission-critical risk and compliance activities. The Company's platform enhances controls, increases flexibility, and reduces the risk of analyzing and remediating issues immediately without the support of consultants or corporate IT, as well as connects many people and disparate data, enabling clients to improve operations by centralizing, automating, and keeping an audit record of all activity. The Company offers a platform that helps businesses automate risk, incident, enterprise risk, audit, policy and case management, and compliance operations.

  1. Metric Stream Inc.

Metric Stream, Inc. provides governance, risk, compliance, and quality management solutions. The Company offers compliance management software solutions, risk management systems, electronic document management software, enterprise compliance platforms, implementation, support, validation, hosting, and training services. Metric Stream serves its customers worldwide.

  1. 4C Strategies

4C Group AB provides software solutions and expert services for organizational readiness, training, and crisis management. The Company mainly provides its solutions primarily to customers in mission-critical environments such as public organizations, defense forces, and companies in the corporate sector that need managing risks and training for sudden and critical events. Founded in 2000, 4C Strategies today serves military, private and public clients in more than 70 countries around the globe. The Company with its industry expertise combines the power of digital innovation to build a safer society.

  1. IBM

Headquartered in New York, International Business Machines Corporation is an American multinational technology corporation. With operations in over 171 countries, IBM looks to be a part of every aspect of an enterprise's IT needs. The Company primarily sells IT services, software, hardware, and consulting. The company operates in 175 countries and employs approximately 350 thousand people. The Company has a robust roster of 80 thousand business partners to service 5,200 clients, including 95% of all Fortune 500. While IBM is a B2-B company, IBM's outward impact is substantial.

  1. Cura Software Solutions

Provider of enterprise software services. The Company provides an array of enterprise services through its online platform, including compliance management, governance, risk & compliance, and enterprise risk management (ERM). Industries served by the Company include banking & finance, biotech & pharmaceuticals, construction & engineering, government regulatory, transportation & supply chain, utilities & energy. CURA has offices in Boston, Johannesburg, Sydney, Melbourne, Hyderabad, and Singapore and has distributors in 10 countries.

  1. Konexus 

Provider of a rewards-based social networking platform. The Company's platform rewards users for participating in events, tasks, and challenges, redeemable for local businesses' offers and prizes. In addition, Konexus is a mobile-centric platform providing alerting, crisis management, and operational collaboration. These rich capabilities enable business resiliency, increase operational efficiency, and accelerate crisis resolution. The Organization relies on Konexus to keep millions of employees, partners, and citizens informed and protected in more than 100 countries.

  1. Ever bridge, Inc.

Ever bridge, Inc. operates as an enterprise software company. The Company provides applications that automate the delivery of critical information to help keep people safe and businesses running. In addition, Ever Bridge offers a software-as-a-service platform that delivers messages to a large group of people during urgent situations. The Company is headquartered in Burlington, Massachusetts, United States.

  1. SAS Institute Inc.

Headquartered in Cary, North Carolina, United States, SAS Institute Inc. operates as a business analytics software and service company. The Company provides software applications including business intelligence, data integration, fraud management, financial intelligence, and IT management. SAS Institute operates worldwide.

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