Outsell Forecasts the $1.2B Third-Party Risk & Compliance Management Market to Become Critical

BURLINGAME, Calif. - March 10, 2016 - PRLog -- Outsell, Inc (http://www.outsellinc.com/)., the world's only research and advisory firm focused on the $766 billion information industry, today announced publication of a new report, "Disruptive Opportunities for Third-Party Screening (https://www.outsellinc.com/search/d7entity/50992)."  In this report, Outsell provides an in-depth view of the third-party risk and compliance management landscape. Outsell highlights several trends that are creating challenges, yet driving opportunities in this space.  Key players in this market include Thomson Reuters , LexisNexis, Dow Jones (INDEXDJX: .DJI), and Bureau van Dijk.

Corruption and fraud has increased dramatically in recent years, particularly in the emerging markets. Multinational companies and financial institutions are demanding solutions that help streamline global business expansion, and accelerate client acquisition, thus, solution providers must address this need with more effective (and disruptive) third-party screening offerings. The emerging providers include Brighterion, KYCnet, smartKYC, Fenergo, xbtBase, and numerous others.

William Jan, VP & Lead Analyst at Outsell, states, "Startups and consulting firms that support third-party screening are seeing double-digit growth. These startups are focused on technologies that enable analysis on unstructured data - information that is increasingly pervasive on individuals and companies with online presence. The professional services firms continue to see an uptick in demand due to institutional needs to expedite their screening processes, to assess how technology can play a role in this initiative, and to adjust their internal resourcing / staffing requirements, accordingly." The third-party risk and compliance management market has become a $1.2 billion market as of 2015, and will grow 25% by 2018.

For media inquiries, please contact Dawn Ringel, Warner Communications, at dawn@warnerpr.com, or call +1 781-449-8456.

For more information about this report, please contact Srini Gomatam at contact_us@outsellinc.com, or call +1 650-342-6060.

About Outsell, Inc.

The rapid convergence of information, media, software and technology is reshaping businesses every day. Enter Outsell, Inc. (http://www.outsellinc.com/), the only research and advisory firm focusing on these three sectors. As the trusted advisor to executives, our analysts turn complexity into clarity, and provide the facts and insights necessary to make the right decisions. Our proven blend of big data, research, proprietary intelligence, and exclusive leadership communities produces tangible results and a strong ROI. We promise to deliver "wow" and ensure clients stay more focused, save time, and grow revenue in a fast-changing digital world.