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 global risk analytics market size to grow from USD 39.3 billion in 2022 to USD 70.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period.
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:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Risk Analytics Market 4.2 Market: Top Three Verticals 4.3 Market, by Region 4.4 North America: Market, by Software and Risk Type
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Incidences of Data Thefts and Security Breaches 5.2.1.2 Rising Government Compliance with Stringent Industry Regulations 5.2.1.3 Increasing Complexities Across Business Processes 5.2.1.4 Rising Digitalization and Business Process Automation 5.2.2 Restraints 5.2.2.1 High Cost and Complexity in Software Installation and Configuration 5.2.2.2 Intricate Nature of Regulatory Compliance 5.2.3 Opportunities 5.2.3.1 Adoption of Ai and Blockchain Technology in Market 5.2.3.2 Rising Innovations in Fintech Industry 5.2.4 Challenges 5.2.4.1 Integration of Data from Data Silos 5.3 Pricing Model Analysis 5.4 Trends and Disruptions Impacting Buyers 5.5 Risk Analytics: Evolution 5.6 Risk Analytics: Ecosystem 5.7 Risk Analytics Market: COVID-19 Impact 5.8 Case Study Analysis 5.8.1 Use Case 1: New Zealand Superannuation Fund (Nzsf) Used Quantifi Solution for Credit and Liquidity Risk Management 5.8.2 Use Case 2: Piraeus Bank Used Quantifi Xva Solution to Address Its Xva Requirements 5.8.3 Use Case 3: Power Mapping Element of Verisk Maplecroft's Risk Analysis Service Used for Informed Business Decisions 5.8.4 Use Case 4: Regional Bank Deployed Onespan Risk Analytics Solution to Drive Down Fraud 5.8.5 Use Case 5: Emea-Based Financial Institutions Deployed Ifrs 9 Solution of Axiomsl 5.9 Value Chain Analysis 5.10 Ecosystem 5.11 Patent Analysis 5.12 Technology Analysis 5.13 Key Conferences and Events in 2022-2023 5.14 Porter's Five Forces Analysis 5.15 Tariff and Regulatory Landscape 5.16 Regulatory Implications. 5.17 Key Stakeholders and Buying Criteria
6 Risk Analytics Market, by Component 6.1 Introduction 6.1.1 Component: Market Drivers 6.1.2 Component: COVID-19 Impact 6.2 Software 6.2.1 Etl Tools 6.2.2 Risk Calculation Engines 6.2.3 Scorecard and Visualization Tools 6.2.4 Dashboard Analytics and Risk Reporting Tools 6.2.5 Grc Software 6.2.6 Other Software 6.3 Services 6.3.1 Professional Services 6.3.2 Managed Services
7 Risk Analytics Market, by Deployment Mode 7.1 Introduction 7.1.1 Deployment Mode: Market Drivers 7.1.2 Deployment Mode: COVID-19 Impact 7.2 Cloud 7.3 On-Premises
8 Risk Analytics Market, by Organization Size 8.1 Introduction 8.1.1 Organization Size: Market Drivers 8.1.2 Organization Size: COVID-19 Impact 8.2 Large Enterprises 8.3 Small- and Medium-Sized Enterprises
9 Risk Analytics Market, by Risk Type 9.1 Introduction 9.1.1 Risk Type: Market Drivers 9.1.2 Risk Type: COVID-19 Impact 9.2 Strategic Risk 9.3 Operational Risk 9.4 Financial Risk 9.5 Other Risk Types
10 Risk Analytics Market, by Vertical 10.1 Introduction 10.1.1 Vertical: Market Drivers 10.1.2 Vertical: COVID-19 Impact 10.2 Banking and Financial Services 10.3 Insurance 10.4 Manufacturing 10.5 Transportation and Logistics 10.6 Retail and Consumer Goods 10.7 It and Telecom 10.8 Government and Defense 10.9 Healthcare and Life Sciences 10.10 Energy and Utilities 10.11 Other Verticals
11 Risk Analytics Market, by Region
12 Competitive Landscape 12.1 Overview 12.2 Strategies of Key Players 12.3 Revenue Analysis 12.4 Market Share Analysis 12.5 Company Evaluation Quadrant 12.5.1 Stars 12.5.2 Emerging Leaders 12.5.3 Pervasive Players 12.5.4 Participants 12.6 Startup/Sme Evaluation Quadrant 12.6.1 Progressive Companies 12.6.2 Responsive Companies 12.6.3 Dynamic Companies 12.6.4 Starting Blocks 12.7 Competitive Benchmarking 12.8 Competitive Scenario 12.8.1 Product Launches 12.8.2 Deals 12.8.3 Others
13 Company Profiles 13.1 Introduction 13.2 Key Players 13.2.1 Ibm 13.2.2 Sap 13.2.3 Sas Institute 13.2.4 Oracle 13.2.5 Fis 13.2.6 Moody's Analytics 13.2.7 Verisk Analytics 13.2.8 Alteryx 13.2.9 Axiomsl 13.2.10 Gurucul 13.2.11 Provenir 13.2.12 Bridgei2I 13.2.13 Recorded Future 13.2.14 Acadiasoft 13.2.15 Qlik 13.2.16 Datafactz 13.2.17 Cubelogic Limited 13.2.18 Risk Edge Solutions 13.2.19 Equarius Risk Analytics 13.2.20 Quantifi 13.3 Startup/Sme Profiles 13.3.1 Actify Data Labs 13.3.2 Amlgo Labs 13.3.3 Zesty.Ai 13.3.4 Artivatic 13.3.5 Attestiv 13.3.6 Riskville 13.3.7 Quantexa 13.3.8 Spin Analytics 13.3.9 Kyvos Insights 13.3.10 Imply
14 Adjacent and Related Markets
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/71wh1f
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