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Vendor Risk Management Software Market is expected to generate a revenue of USD 9.22 Billion by 2031, Driven by a 14.73% CAGR: Market Research Intellect

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The growth of the Vendor Risk Management Software market is driven by several key factors. Firstly, the increasing complexity of supply chains and the rising number of third-party vendors have heightened the need for robust risk management solutions. Companies are increasingly recognizing the importance of assessing and mitigating risks associated with vendors to avoid potential disruptions, data breaches, and regulatory non-compliance. Secondly, the growing emphasis on regulatory compliance across various industries is propelling the demand for vendor risk management software. Organizations are under pressure to adhere to stringent regulations, and these tools help ensure that vendor activities align with compliance requirements. Additionally, the rapid adoption of cloud-based solutions and advancements in artificial intelligence and machine learning are enhancing the capabilities of vendor risk management software, making it more efficient and effective in identifying and managing risks.

LEWES, Del., Sept. 10, 2024 /PRNewswire/ — The Vendor Risk Management Software Market Size was valued at USD 7.99 Billion in 2023 and is expected to reach USD 9.22 Billion by 2031, growing at a 14.73% CAGR from 2024 to 2031. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

MetricStream, Bitsight, SecurityScorecard, SAI Global, LogicGate, DueDil, Intelex Technologies, IBM, LockPath, Genpact, Resolver

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Vendor Risk Management Software Market Overview

Market Definition and Scope
The Vendor Risk Management (VRM) Software market encompasses solutions designed to help organizations assess, monitor, and mitigate risks associated with third-party vendors. These tools are essential for ensuring that vendors comply with legal, security, and operational standards, thus protecting companies from potential breaches, disruptions, or regulatory penalties. VRM software typically includes features such as risk assessment, audit management, compliance tracking, and real-time monitoring. The market is expanding as businesses increasingly rely on external vendors for critical operations, necessitating comprehensive risk management strategies. The scope of this market extends across various industries, including BFSI, healthcare, IT, telecom, and manufacturing, where vendor relationships are integral to operational success.

Market Drivers
The growth of the Vendor Risk Management Software market is propelled by several key drivers. The increasing complexity of global supply chains and the reliance on third-party vendors have made risk management a critical concern for businesses. Regulatory requirements, such as GDPR, SOX, and HIPAA, mandate strict oversight of vendor activities, further boosting the demand for VRM solutions. Additionally, the rising incidence of cyber threats and data breaches has heightened the need for proactive risk management tools to safeguard sensitive information. The integration of advanced technologies like artificial intelligence and machine learning into VRM software is also driving market growth by enhancing the accuracy and efficiency of risk assessments.

Challenges in the Market
Despite its growth, the Vendor Risk Management Software market faces several challenges. One significant hurdle is the high cost of implementing and maintaining these solutions, which can be a barrier for small and medium-sized enterprises (SMEs). Additionally, the complexity of integrating VRM software with existing IT infrastructure can pose difficulties, particularly for organizations with legacy systems. The rapidly changing regulatory landscape also presents a challenge, as companies must continuously update their risk management processes to remain compliant. Furthermore, there is often a lack of standardization in vendor risk management practices, leading to inconsistencies in how risks are assessed and managed across industries.

Technological Advancements
Technological advancements are playing a crucial role in the evolution of the Vendor Risk Management Software market. The integration of artificial intelligence (AI) and machine learning (ML) has significantly improved the capabilities of VRM tools, enabling more accurate and predictive risk assessments. AI-driven analytics can identify potential risks in real-time, allowing organizations to take proactive measures. Additionally, cloud-based VRM solutions are gaining popularity due to their scalability, flexibility, and cost-effectiveness, making them accessible to businesses of all sizes. Other innovations include blockchain technology for enhanced transparency and security, and automated workflows that streamline risk management processes, reducing the manual effort required.

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Market Segmentation
The Vendor Risk Management Software market is segmented by Type, Application, and Geography. By Type, the market is divided into cloud-based and on-premises solutions, each catering to different organizational needs and preferences. By Application, the market serves various industries such as BFSI, healthcare, IT & telecom, and manufacturing, reflecting the widespread need for VRM solutions across sectors. Geographically, the market is analyzed across regions including North America, Europe, Asia-Pacific, and the rest of the world. This segmentation allows for a detailed understanding of market dynamics, enabling stakeholders to identify key growth areas and tailor their strategies accordingly.

Geographic Dominance
North America holds a dominant position in the Vendor Risk Management Software market, driven by a combination of technological innovation, stringent regulatory requirements, and a high level of cybersecurity awareness. The U.S. leads in terms of market share, with many key players headquartered in the country and a strong emphasis on vendor compliance due to laws like SOX and HIPAA. Europe follows closely, propelled by GDPR and other data protection regulations. Meanwhile, Asia-Pacific is emerging as a fast-growing market, with increasing digitalization and regulatory focus on vendor risk management. The rest of the world is also seeing growing adoption, particularly in industries with complex supply chains.

Competitive Landscape
The competitive landscape of the Vendor Risk Management Software market is characterized by the presence of several key players, each striving to innovate and expand their market share. Leading companies like MetricStream, Bitsight, SecurityScorecard, SAI Global, LogicGate, DueDil, Intelex Technologies, IBM, LockPath, Genpact, Resolver are at the forefront, offering comprehensive VRM solutions with advanced features such as AI-driven analytics, real-time monitoring, and compliance management. These players are also focusing on strategic partnerships, acquisitions, and geographic expansion to strengthen their market position. Additionally, the market is witnessing the entry of new players, especially in the cloud-based segment, which is intensifying competition and driving further innovation.

Future Outlook
The future of the Vendor Risk Management Software market looks promising, with continued growth expected over the next decade. The increasing reliance on third-party vendors, coupled with the rising complexity of global supply chains, will continue to drive demand for VRM solutions. Technological advancements, particularly in AI, ML, and blockchain, will further enhance the capabilities of these tools, making them indispensable for businesses across industries. Moreover, as regulatory environments become more stringent, organizations will increasingly turn to VRM software to ensure compliance and mitigate risks. The market is also likely to see greater adoption in emerging economies, where digital transformation and regulatory focus are on the rise.

Geographic Dominance:

North America dominates the Vendor Risk Management Software market, driven by the region’s advanced regulatory frameworks, technological innovation, and high awareness of cybersecurity risks. The U.S., in particular, plays a pivotal role, with a significant number of key market players headquartered in the country, including major tech hubs that are fostering the development and adoption of cutting-edge vendor risk management solutions. The strict regulatory environment, such as the Sarbanes-Oxley Act (SOX) and the Health Insurance Portability and Accountability Act (HIPAA), further compels organizations to adopt robust risk management tools to ensure compliance and mitigate potential liabilities. Additionally, the increasing frequency of data breaches and cyber threats has heightened the focus on vendor risk management in this region. As a result, North America continues to lead the market, setting the pace for technological advancements and influencing global trends in vendor risk management practices.

Vendor Risk Management Software Market Segment Analysis

The Vendor Risk Management Software market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

By Type:

Cloud-Based Solutions: Offering scalability, remote accessibility, and lower upfront costs, cloud-based solutions are gaining traction among organizations looking for flexible and efficient vendor risk management.On-Premises Solutions: Preferred by companies with stringent data security requirements and a need for highly customizable software, on-premises solutions provide full control over the deployment environment.

By Application:

BFSI (Banking, Financial Services, and Insurance): High demand for managing regulatory compliance and financial risk.Healthcare: Focus on securing sensitive patient data and complying with healthcare regulations.IT & Telecom: Managing risks associated with complex technology supply chains.Manufacturing: Ensuring supply chain integrity and minimizing operational risks.Others: Includes sectors like retail, energy, and government, where vendor risk management is crucial for operational continuity.

By Geography:

North America: Leading market due to advanced regulatory frameworks and high adoption of technology.Europe: Strong growth driven by GDPR and other compliance regulations.Asia-Pacific: Rapid market expansion fueled by increasing digital transformation and regulatory developments.Rest of the World: Growing awareness and adoption of vendor risk management solutions across emerging economies.

Internet, Communication, and Technology (ICT):

The Vendor Risk Management Software market within the Internet, Communication, and Technology (ICT) sector is evolving rapidly as organizations increasingly rely on complex technology infrastructures and third-party services. This sector encompasses a broad range of services, including internet service providers, communication networks, software development, and IT services. As businesses in the ICT sector become more interconnected, the need for effective vendor risk management solutions grows, driven by concerns over data security, compliance, and operational continuity. Vendor risk management software helps ICT companies mitigate risks associated with outsourcing, partnerships, and vendor relationships by providing tools for risk assessment, monitoring, and compliance. Key features often include real-time risk analysis, automated compliance checks, and integration with other IT systems. The increasing frequency of cyber threats, stringent regulatory requirements, and the growing complexity of ICT ecosystems are propelling the demand for advanced risk management solutions in this sector.

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About Us: Market Research Intellect

Welcome to Market Research Intellect, where we lead the way in global research and consulting, proudly serving over 5,000 esteemed clients worldwide. Our mission is to empower your business with cutting-edge analytical research solutions, delivering comprehensive, information-rich studies that are pivotal for strategic growth and critical revenue decisions.

Unmatched Expertise: Our formidable team of 250 highly skilled analysts and subject matter experts (SMEs) is the backbone of our operations. With extensive training in advanced data collection and governance, we delve into over 25,000 high-impact and niche markets. Our experts seamlessly integrate modern data collection techniques, robust research methodologies, and collective industry experience to produce precise, insightful, and actionable research.

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Having collaborated with numerous Fortune 2000 companies, we bring unparalleled experience and reliability to meet all your research needs. Our proven track record reflects our commitment to excellence and client satisfaction.

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Market Research Intellect
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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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