|02-11-2019 06:46 PM CET - IT, New Media & Software||
Risk Analytics Market economic Growth to Continue in 2019: IBM Corporation, Oracle Corporation, SAP SE, Provenir, Moodys Analytics, Inc, AxiomSL Inc, SAS Institute Inc
Press release from: Allied Market Research
Risk analytics refers to the future risk forecast for a project or operation. Risk analytics tools help companies to be aware about the forthcoming risks and take decisions accordingly. In addition, risk analytics tools reduce cost by predicting risk and improve the rate of returns. Almost all type of organizations require minimum sort of risk analytics tools, for instance, commercial banks need to properly hedge foreign exposure of oversees loans. The demand for risk analytics solutions is expected to increase owing to supportive government policies, and increasing competition among industries. In addition, the need of organizations for maximizing the return on investment and minimizing cost and losses due to risks is playing a vital role in the growth of risk analytics market.
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Major Market Players Included in This Report:
• IBM Corporation
• Oracle Corporation
• SAP SE
• Moodys Analytics, Inc
• AxiomSL Inc
• SAS Institute Inc
• Accenture PLC
• Verisk Analytics, Inc
• Risk Edge Solutions
The major driving factors of the risk analytics market are increasing market competition, economic instability, increase in the need to adopt new technology, and rising need of risk management across the industries. However, the major restraint to the growth of the risk analytical market is lack of knowledge about risk analytics tools among small and medium enterprises and high installation cost. Growing cloud-based risk analytics technology and the increasing need of organizations to sustain a competitive environment are creating much needed opportunities in the risk analytics market.
The market has experienced an intense competition with existing and new emerging vendors. The key market players are acquiring techniques like acquisitions, collaborations, innovation, and expansion of portfolio for the customers. For example, IBM Corporation acquired The Weather Company LLC., in January 2016 to extend its reach in global risk analytics market.
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The report segments the Risk Analytics market based on risk type, component, deployment model, industry vertical, and geography. Based on component, it is divided into software and services. Based on risk type the market is segmented into strategic, operational, financial, and other risks. The deployment type has on-premises and on-demand categorization. Based on industry vertical, the global risk analytics market is segmented into banking, financial, and insurance (BFSI), aerospace & defense, healthcare, public sector, IT & telecom, retail, and others. The market segmentation on the basis of geography includes North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in this market are IBM Corporation, Oracle Corporation, SAP SE, Provenir, Moodys Analytics, Inc, AxiomSL Inc, SAS Institute Inc, Accenture PLC, Verisk Analytics, Inc, and Risk Edge Solutions, among others.
Risk Analytics Market Key Segments:
• Risk calculation engines
• Scorecard and visualization tools
• Dashboard analytics and risk reporting tools
• GRC software
• Professional services
• Managed services
By Risk Type
• Strategic Risk
• Financial risk
• Operational risk
• Other risk
By Deployment model
By Industry Verticals
• Banking, Financial Services, and Insurance
• Aerospace & Defense
• Public Sector
• IT & Telecom
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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