Global Risk Analytics Market by Component and Organization Size – 2019-2026

Risk Analytics Market

The GMI Research expects that the Risk Analytics Market will notice an augmentation in demand over the forecast period. This is mainly due to the increasing potential of damages owing to the lack of ability to fulfill the financial goals, accelerating penetration of smartphones, ATMs, and internet banking.

Introduction of the Risk Analytics Market

Risk Analytics helps organizations to be informed of the existent and forthcoming risks to take preventive decisions. The tool enables the organization to raise the performance of its business by identifying the risk associated with any events and evading system failure.

Key Players of Market:

  • Fidelity National Information Services, Inc. (FIS)
  • Moody’s Analytics
  • Provenir
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Verisk Analytics
  • AxiomSL, Inc.
  • Gurucul

Risk Analytics Market Dynamics

The factors accountable for the growth in the global risk analytics market include the rapid digitalization and integration of advanced technologies like artificial intelligence, IoT, blockchain in risk analysis. Also, the increasing complications across industrial procedures and the escalating apprehension against data protection will further strengthen the risk analytics market size.  For example, risk analytics aid the Banking industry to evaluate risk and obliterate it to enhance customer understanding. In addition, capitulation with rigorous industrial norms and policies such as Basel II/III, consumer protection act, Dadd-frank wall street reform is stimulating the market demand. However, inadequate consciousness about risk analytics tools and inflated installation costs will hinder the market share.

Component Segment Drivers

As per the risk analytics market research report, based on the component, the software is projected to expand at a faster growth over the forecast period. This is because the software includes modernized technology platforms to address the diverse scenarios and complexities. In addition, their potential to elevate business assessments and supervise efficiency along conventional analytics will propel the market demand. The sophisticated techniques of risk analysis are largely used to manage vast data quantity.

Regional Drivers

On the basis of regional coverage, North America is predicted to maintain its dominance over the coming years. This is due to the rising applications of risk governing technologies by several industries. The elevating inclination of organizations to execute existing risk strategies to reduce risks may add to the market growth. Furthermore, as per the risk analytics market statistics, modern technologies such as machine learning, robotic process automation (RPA), and cognitive analysis are increasingly integrated by vendors to reshape risk and enhance business efficiency by testing a massive amount of unstructured data automatically.

Risk Analytics Market Segmentation:

Segmentation by Component
  • Software
  • Service
Segmentation by Deployment Mode
  • On-Cloud
  • On-Premises
Segmentation by Organization Size
  • Small and Medium Enterprise
  • Large Enterprise
Segmentation by Risk Type
  • Strategic Risk
  • Operation Risk
  • Financial Risk
  • Others
Segmentation by Verticals
  • BFSI
  • IT and Telecommunication
  • Manufacturing
  • Transportation and Logistics
  • Government and Public Sector
  • Retail
  • Healthcare
  • Others
Segmentation by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

A consulting and market research company offering enterprises with business insights and market research reports. The team collects all the information about different industries with the help of internal and external databases. The emphasis of the organization remains to acknowledge our clients with the approaching opportunities and challenges faced by different industries. The team of experienced analysts assists clients to recognize the influence of market size, share, drivers, growth opportunities, etc.. We offer a complete guidance to our clients to help them take a managerial and actionable decision. Our organization got spotlighted in the Silicon India Magazine list published in 2018 as the Most Promising Market.

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About the Author: Abhay Choubey

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