Published by Wanda Rich
Posted on March 31, 2025
Cloud-based Business Continuity Management Planning Solutions Gaining Traction Globally for Their Scalability and Accessibility: Fact.MR Report
As per a new industry report by Fact.MR, a market research and competitive intelligence provider, revenue from the global business continuity management planning solution market is estimated to reach US$ 720.5 million in 2024 and has been forecasted to rise at a CAGR of 16.5% between 2024 and 2034.
The increasing adoption of cloud-based solutions is driving growth in the market for business continuity management planning solutions. Because of their increased scalability and accessibility, cloud-based business continuity management planning solutions are becoming more popular. As a result, businesses can manage and swiftly adopt continuity plans across multiple devices and locations. Because BCMP solutions offer real-time updates, thereby businesses are responding to disruptions quickly and with the most recent information and tactics.
North America is leading the market for business continuity management planning solutions due to its strong emphasis on risk management, regulatory compliance, and disaster recovery practices. In addition, the existence of several prominent market participants is boosting market growth in the region.
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Key Takeaways from the Market Study:
“Leading providers of business continuity management planning solutions are concentrating on incorporating advanced technologies including machine learning, artificial intelligence, and cloud computing, which is further strengthening their position in the market,” says a Fact.MR analyst
Software/Platform Business Continuity Management Planning Solutions Gaining Popularity
Businesses are more in need of software/platform-based business continuity management planning solutions because they ensure automated, integrated, and more efficient disaster recovery and business continuity management services. Compared to traditional methods, software- or platform-based BCMP solutions provide real-time risk assessment, quicker communication, and automatic response tactics, all of which enhance an organization's ability to quickly adapt to disruptions. Large and small businesses use these technologies for continuity planning without having to make significant upfront investments because these solutions are mostly cloud-based, scalable, and flexible.
Business Continuity Management Planning Solution Industry News:
Prominent companies in the business continuity management planning solutions market are increasingly integrating advanced technologies such as cloud computing, artificial intelligence, and machine learning to enhance their offerings. Many are incorporating these innovations into subscription models to boost profitability. In July 2024, Motorola Solutions acquired Noggin, a global provider of critical event management (CEM) and cloud-based business continuity planning software. In May 2024, Juvare launched its advanced WebEOC Business Continuity Management Solution, a dynamic platform that combines crisis management, emergency notification services, and business continuity management to help enterprises sustain operations during disruptions. Similarly, in February 2024, Riskonnect, a leading provider of integrated risk management (IRM) solutions, introduced AI-driven enhancements to its Business Continuity & Resilience solution. These updates leverage generative AI to assist specialists in drafting and updating critical documents, such as incident templates, business impact analyses, and business continuity plans, ensuring more efficient and effective risk management.
Leading Players Driving Innovation in the Business Continuity Management Planning Solution Market:
Key industry participants like Sai Global Pty Ltd.; Quantitative LLC.; IBM Corporation; Dell Technologies Inc.; CLDigital; Veritas Technologies LLC; MetricStream Inc.; Sungard Availability Services; CloudAlly; MetricStream Inc.; Arcserve; Noggin; Juvare; Riskonnect etc. are driving the business continuity management planning solution industry.
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More Valuable Insightson Offer
Fact.MR, in its new offering, presents an unbiased analysis of the business continuity management planning solution market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on component (software/platforms, services), application (business continuity & disaster recovery, data centers & data center networking, governance risk & compliance, risk management), by industry (BFSI, healthcare, retail, telecom & it, media & entertainment, travel & hospitality, transportation & logistics, energy & utility), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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