Connect with us

Technology

Business Continuity Management Solutions Market size is set to grow by USD 1.17 billion from 2024-2028, Growing demand for business continuity management solutions from various industries boost the market, Technavio

Published

on

NEW YORK, June 20, 2024 /PRNewswire/ — The global business continuity management solutions market size is estimated to grow by USD 1.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  19.6%  during the forecast period. Growing demand for business continuity management solutions from various industries is driving market growth, with a trend towards adoption of AI in disaster recovery. However, system integration and interoperability issues  poses a challenge. Key market players include Carbonite Inc., CLDigital, Datto Holdings Corp., Dell Technologies Inc., Fair Isaac Corp., International Business Machines Corp., LogicManager Inc., MetricStream Inc., Microsoft Corp., NAVEX Global Inc., Oracle Corp., Quantivate LLC, SAI360 Inc., SAP SE, ServiceNow Inc., SolarWinds Corp., Sungard Availability Services LP, VMware Inc., Wolters Kluwer NV, and X2nSat Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Business Continuity Management Solutions Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 19.6%

Market growth 2024-2028

USD 1173.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.67

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Carbonite Inc., CLDigital, Datto Holdings Corp., Dell Technologies Inc., Fair Isaac Corp., International Business Machines Corp., LogicManager Inc., MetricStream Inc., Microsoft Corp., NAVEX Global Inc., Oracle Corp., Quantivate LLC, SAI360 Inc., SAP SE, ServiceNow Inc., SolarWinds Corp., Sungard Availability Services LP, VMware Inc., Wolters Kluwer NV, and X2nSat Inc.

Market Driver

Business Continuity Management Solutions (BCMS) market is experiencing significant growth due to the integration of Artificial Intelligence (AI) and Machine Learning (ML). AI’s ability to automate tasks requiring human intelligence, such as predictive analytics for proactive recoveries, increases labor productivity. SaaS-based BCMS solutions are increasingly popular due to their benefits, including instant access, pay-per-use models, automatic updates, and response to security threats. The demand for these solutions is increasing among companies of all sizes. Vendors like Sungard Availability Services LP provide SaaS-based BCMS solutions. 

The Business Continuity Management Solutions market is witnessing significant growth due to the increasing need for organizations to mitigate risks and ensure business resilience. Solutions such as Disaster Recovery, Business Continuity Planning, and IT Services are in high demand. Cloud-based offerings are trending, providing flexible and cost-effective solutions for businesses of all sizes. Cybersecurity is a key concern, with an increasing number of organizations investing in solutions to protect against data breaches and other cyber threats. Additionally, automation and artificial intelligence are being adopted to streamline processes and improve efficiency. Regulations like GDPR and HIPAA are driving the need for compliance-focused solutions. Overall, the market is expected to continue growing as businesses seek to minimize downtime and safeguard their operations. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The integration of advanced technologies in various industries presents challenges for business continuity management (BCM) solutions. System compatibility issues arise, leading to additional costs and reduced operational efficiency. Vendors must offer unified IT solutions that seamlessly integrate with existing infrastructure. Legacy IT systems and mergers require expert IT teams for smooth integration. Standardized BCM solutions may not meet organizational needs, and customization costs hinder adoption. To ensure accuracy, vendors should conduct thorough trials before market introduction.

•         In today’s business landscape, ensuring uninterrupted operations is crucial. However, various challenges hinder the implementation of effective Business Continuity Management (BCM) solutions. These challenges include complex IT environments, diverse regulatory requirements, and the need for a comprehensive understanding of risks. Additionally, limited budgets and resources, as well as the lack of a clear BCM strategy, can pose significant obstacles. To address these challenges, organizations require advanced BCM solutions that offer adaptability, scalability, and ease of integration. These solutions should provide real-time risk assessment, automated disaster recovery, and seamless data backup and recovery capabilities. By implementing such solutions, businesses can mitigate risks, ensure business resilience, and maintain a competitive edge.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This business continuity management solutions market report extensively covers market segmentation by  

Deployment 1.1 Cloud-based1.2 On-premisesEnd-user 2.1 Large enterprise2.2 SMEGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cloud-based-  Businesses require reliable solutions to ensure uninterrupted operations during crises. The Business Continuity Management Solutions (BCMS) market offers such solutions. BCMS help organizations prepare for potential disruptions, mitigate risks, and recover quickly. These solutions include disaster recovery, business impact analysis, and crisis management tools. BCMS enable companies to maintain operations, protect assets, and minimize downtime. By investing in BCMS, businesses can safeguard their reputation and financial stability.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Business Continuity Management Solutions (BCM/BCMS) market is experiencing significant growth due to the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. Cloud-Based Solutions are becoming increasingly popular for their user-friendly interfaces and mobile accessibility, enabling automation of risk assessment and regulatory compliance processes. Digitization is a key driver, with Small and Medium Enterprises (SMEs) recognizing the importance of a robust BCM strategy to mitigate operational risks. Natural disasters and cyberattacks continue to pose significant threats, making advanced solutions essential for disaster recovery. The healthcare vertical is a major focus area, with applications in DNA sequencing, gene-editing technologies, drug discovery, genome engineering, biomaterials, medical devices, and biomolecules. The market for cutting-edge BCM solutions is expected to see substantial IT spending in the coming years.

Market Research Overview

The Business Continuity Management Solutions (BCM) market encompasses a range of offerings designed to help organizations prepare for and respond to disruptive events. These solutions include disaster recovery, business continuity planning, and IT business continuity. BCM solutions aim to minimize downtime, protect assets, and ensure the continuity of critical business functions. They are essential for organizations to maintain operations during crises and recover effectively. BCM solutions cater to various industries and sectors, including finance, healthcare, and government. They help organizations build resilience, mitigate risks, and maintain compliance with regulatory requirements. BCM solutions leverage advanced technologies such as cloud, automation, and analytics to enhance their capabilities and provide real-time insights.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloud-basedOn-premisesEnd-userLarge EnterpriseSMEGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/business-continuity-management-solutions-market-size-is-set-to-grow-by-usd-1-17-billion-from-2024-2028–growing-demand-for-business-continuity-management-solutions-from-various-industries-boost-the-market-technavio-302176764.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SSC SECURITY SERVICES CORP. ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

Published

on

By

REGINA, SK, July 22, 2026 /CNW/ — SSC Security Services Corp. (TSXV: SECU) (US: SECUF) (“SSC” or the “Company”) today announced the voting results from its special meeting of holders (the “Shareholders”) of common shares (the “Shares”) of the Company held today (the “Meeting”) in connection with the previously announced plan of arrangement under the Business Corporations Act, 2021 (Saskatchewan) (the “Arrangement”), pursuant to which Universal Protection Service, LP (the “Parent”), through its wholly-owned subsidiary, 102236724 Saskatchewan Ltd. (the “Purchaser”, and together with the Parent, “Allied Universal”), will acquire all of the issued and outstanding Shares for $4.4075 per Share in cash, and pursuant to which certain officers and directors of the Company (the “Management Purchasers”) will purchase the Company’s legacy assets and cyber security business in a management buy-out transaction (the “MBO” and collectively with the Arrangement, the “Transaction”).

The Arrangement requires (i) the approval of 66 2/3% of the votes cast by Shareholders (including the Management Purchasers) present or represented by proxy and entitled to vote at the Meeting and (ii) the approval of a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Management Purchasers and any other person required to be excluded from such vote for the purpose of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (the “Minority Shareholders”). At the Meeting, the resolution approving the Arrangement was approved by (i) 99.99% of the votes cast by Shareholders, and (ii) 99.97% of the votes cast by the Minority Shareholders.

Remaining Conditions to Completion of the Arrangement

Completion of the Transaction remains subject to the satisfaction or waiver of certain closing conditions that are set out in the arrangement agreement entered into between the Company and Allied Universal on May 26, 2026 (the “Arrangement Agreement”), including receipt of final court approval and approval of the TSX Venture Exchange. SSC intends to seek a final order (the “Final Order”) of the Court of King’s Bench for Saskatchewan to approve the Arrangement at a hearing to be held on July 27, 2026.

Subject to obtaining the Final Order and the satisfaction or waiver of the remaining conditions in the Arrangement Agreement, the Transaction is anticipated to close on July 31, 2026.

About SSC

SSC Security Services Corp. is Canada’s largest publicly traded security company. SSC acts as a public holding company investing in physical, electronic and cyber security businesses. The Company has one wholly-owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cyber security services to primarily commercial, industrial and public sector clients. The Company’s clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public sector clients such as hospitals, airports, utility companies and police forces.

Forward Looking Statements

This release includes forward-looking statements concerning the future results, future performance, intentions, objectives, plans and expectations of the Company. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words and phrases (including negative and grammatical variations) or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risks, uncertainties affecting SSC, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of SSC. Without limiting the generality of the foregoing, this release contains forward-looking statements pertaining to: the anticipated timing of the Transaction; receipt of required court and stock exchange approvals; satisfaction of closing conditions; and the anticipated effective date of the Arrangement. Risks and uncertainties that could cause actual results to differ materially include: failure to obtain court or stock exchange approvals; failure to satisfy closing conditions; failure of the parties to complete the Transaction for any reason, including termination of the Arrangement Agreement; legal challenges to the Arrangement; and risks and uncertainties discussed in SSC’s disclosure documents filed on SEDAR+ at www.sedarplus.ca. Forward-looking statements are not guarantees of future performance. These forward-looking statements should not be relied upon as representing the views of SSC as of any date after the date of this Release. Although SSC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this Release are made as of the date of this Release and SSC does not undertake to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE SSC Security Services Corp.

Continue Reading

Technology

GMI Cloud Announces Strategic Compute Collaboration With NVIDIA

Published

on

By

The collaboration advances GMI Cloud’s selective partnership strategy and supports its next phase of AI infrastructure growth

MOUNTAIN VIEW, Calif., July 22, 2026 /PRNewswire/ — GMI Cloud, a leading AI-native cloud provider delivering high-performance GPU infrastructure and inference services, today announced a strategic collaboration with NVIDIA as part of its selective approach to building long-term compute partnerships.

In support of this strategy, GMI Cloud has committed $500 million in CapEx to expand its compute capabilities and serve growing customer demand. The commitment represents a significant investment in the company’s next phase of infrastructure development.

GMI Cloud has also secured nine-figure contracts with a leading U.S. frontier AI enterprise, providing a strong commercial foundation for its continued growth.

GMI Cloud is pursuing a selective partnership model centered on a limited number of strategic relationships. The collaboration builds on GMI Cloud’s continued partnership with NVIDIA and brings together long-term compute planning with contracted customer demand.

GMI Cloud is among the earliest cloud providers to adopt this new compute partnership model, marking an important step in the company’s expansion and partnership strategy.

The $500 million CapEx commitment, nine-figure customer contracts, and selective partnership strategy establish the foundation for GMI Cloud’s next stage of growth. The company is set to continue this trajectory as it expands its compute capabilities and supports the evolving needs of frontier AI customers. For more information, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is an AI-native cloud infrastructure company powering the next generation of AI applications. The company provides high-performance GPU infrastructure, Model-as-a-Service, dedicated endpoints, and AI workload deployment solutions for developers and enterprises building production AI systems. GMI Cloud helps teams move from experimentation to production with scalable compute, flexible infrastructure, and an ecosystem built for modern AI builders. For more information visit gmicloud.ai.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gmi-cloud-announces-strategic-compute-collaboration-with-nvidia-302832476.html

SOURCE GMI Cloud

Continue Reading

Technology

ROKFORM Launches Rugged Case for Samsung Galaxy Z Fold8 and Z Fold8 Ultra

Published

on

By

Complete foldable protection with six-foot drop rating, MAGMAX ™ magnetic grip, and RokLock ® twist-lock mounting

IRVINE, Calif., July 22, 2026 /PRNewswire/ — ROKFORM today launched its Rugged Case for the Samsung Galaxy Z Fold8 and Galaxy Z Fold8 Ultra. Built with a slim, two-piece shell design — not just a backplate — the Rugged Case delivers six-foot drop protection, full hinge coverage, and secure RokLock® mounting across both foldable models.

“Users get the full ROKFORM experience with the Rugged Case, including incredible drop protection, RokLock® mounting, and MAGMAX™ magnetic strength, all in a design built specifically around the unique needs of a foldable device,” said Jeff Whitten, ROKFORM CEO.

The two-piece shell locks together to protect the outer screen, back, and spine of the Galaxy Z Fold8. In addition, the case is engineered to guard one of the most critical and vulnerable components on foldable phones — the hinge — from drops and impacts with full hinge coverage. The case exceeds military-grade drop protection standards from six feet, with a dual-layer build and reinforced corners designed to absorb real-world impact.

ROKFORM’s patented RokLock® twist-lock system delivers rock-solid, wobble-free connection to ROKFORM’s full ecosystem of car, bike, and motorcycle mounts. Combined with MAGMAX™ magnets, which deliver 3x more holding strength over standard MagSafe® magnets, users get an ultra-secure magnetic grip for mounting and use with other accessories.

The case is compatible with ROKFORM wireless chargers and compatible wireless charging accessories.

The Rugged Case for the Samsung Galaxy Z Fold8 and Z Fold8 Ultra retails for $79.99 and will be available August 5, 2026 at rokform.com.

About ROKFORM:
Founded in 2010, ROKFORM’s small but dedicated team has bootstrapped its way to becoming a leader in the design and manufacturing of innovative consumer electronics products. It is based in Irvine, California. With nearly 20 patents, ROKFORM remains a leader in the premium active lifestyle consumer electronics niche, with innovative designs to protect and enhance the world’s mobile devices. Products are designed and shipped directly from California headquarters, and customers can visit ROKFORM’s showroom to experience them. Learn more at rokform.com.

Contact:
Haley Lush
775-204-7975
419258@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rokform-launches-rugged-case-for-samsung-galaxy-z-fold8-and-z-fold8-ultra-302832493.html

SOURCE ROKFORM

Continue Reading

Trending