Risk Analytics Market by Component, Risk Type, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027
DUBLIN, Nov. 23, 2022 /PRNewswire/ -- The "Risk Analytics Market by Component (Software (ETL Tools, Risk Calculation Engines, GRC Software) and Services), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The software segment to have the largest market size during the forecast period
The Risk analytics market has been segmented based on components into software and services. The software segment include different softwares such as ETL tools, risk calculation engines, scorecard and visualization tools, dashboard analytics and risk reporting tools, and GRC software, and other softwares (operational risk management, human resource risk management, and project risk management).
The software segment to have the largest market size during the forecast period. The need to track credit breaches in near real-time and analyze risk limit breaches by trader, profit center, and trading desk level lead to adopting risk analytics solutions.
The cloud segment to have the highest CAGR during the forecast period
The risk analytics market is segmented based on deployment into the cloud and on-premises. The demand for cloud-based risk analytics solutions is expected to grow because of the various benefits. Cloud-based solutions are gaining traction across verticals, and SMEs and organizations are moving toward cloud-based solutions to reduce the maintenance cost associated with traditional risk analytics solutions. SMEs majorly adopt the cloud deployment mode among enterprises due to their budget constraints in deploying on-premises infrastructure.
Large enterprises segment to have the largest market size during the forecast period
Based on organization size risk analytics market has been segmented into large enterprises and SMEs. The market share of large enterprises is higher; however, the market for SMEs is expected to register a higher CAGR during the forecast period. Organizations need to adhere to various regulatory compliances. To deal with challenges, such as business model sustainability, process efficiency data, reporting, and audit requirement, SMEs are increasingly adopting risk analytics solutions.
Among regions, APAC to hold higher CAGR during the forecast period
The risk analytics market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. North America is estimated to account for the maximum market share in the total risk analytics market in 2022 due to various well-established vendors. While APAC is expected to grow at a good pace oqing to the growing digitalization, business complexity, and rising cyberattacks and fraudulent activities in the regio.Asia Pacific experiences an extensive inflow of foreign direct investment. Hence, banks need to take a more active approach to manage and mitigate the associated risks of financial crimes. This leads to the growth of the risk analytics market in Asia Pacific. .
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Risk Analytics Market, by Component
7 Risk Analytics Market, by Deployment Mode
8 Risk Analytics Market, by Organization Size
9 Risk Analytics Market, by Risk Type
10 Risk Analytics Market, by Vertical
11 Risk Analytics Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Adjacent and Related Markets
For more information about this report visit https://www.researchandmarkets.com/r/71wh1f
Research and Markets
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