Risk Analytics Market 2019: Global Analysis, Business Strategy, Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023

The report on the global Risk Analytics market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:
Uncertainty in the cyberspace and the growing need to protect data, has led to the full-fledged expansion of the risk analytics market recently. Market reports linked to the information and communications technology sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this sector. The industry is estimated to be worth USD 42 billion by the year 2023 while growing at a 14 percent CAGR in the forecast period.

Growing need for risk management has prompted improved investment inflows into the risk analytics sector. Business risk assessment has been a crucial driver for the expansion of the market as companies have become increasingly reliant on data for business strategy planning and execution. New developments in the technological aspects of business data and analytics have elevated the growth trajectory of the market and will continue to do so in the forecast period. BFSI and insurance sectors are the two main sectors which are intensively using risk analytics to carry out their functions.

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Major Key Players

• SAP SE (Germany),
• IBM Corporation (U.S.),
• Moody's Analytics, Inc. (U.S.),
• SAS Institute Inc. (U.S.),
• Oracle Corporation (U.S.),
• Verisk Analytics, Inc. (U.S.),
• Risk Edge Solutions (India),
• Misys (U.K.),
• AxiomSL (U.S.),
• Gurucul (U.S.)
• Provenir, Inc. (U.S.) among others.

According to MRFR, The global Risk Analytics Market is expected to grow at approx. USD 42 Billion by 2023, at 14% of CAGR between 2017 and 2023.

Competitive Analysis
The products that are being focused on to capitalize the vigorous pace of technological discoveries have led to extensive changes. This particular trend has amplified the affinity for diversification in the sector, which has indirectly enabled the players to use the beneficial state of dealings obtainable in this market. The utilization of these opportunities by contenders, who are trying to nurture their industry share by intensive development can inspire the growth of this business sector. The companies are also additionally trying to capture and create economic worth together in a proper manner. This has raised the potential for the approaching growth period considerably. This state has also been known to be productive for companies so they can fix goals that can keep up their enterprise's liquidity viable enough to take effective choices in terms of strategy designing and implementation.

Regional Analysis:
The regional study of the risk analytics sector includes regions such as North America, Asia Pacific, Europe and Rest of the World. It has been noted that the North American market is expected to be credited for the leading share of the industry, whereas the Asia-Pacific segment is anticipated to develop at a swift rate during in the period up to 2023. The main development of the risk analytics industry in the North American region can be attributed to the technical innovations and rising use of mobiles and tablets in the region.

Segments:
Risk analytics market can be segmented on the basis of following:
By Component
Software
• Extract, Transform and Load Tools
• Dashboard Analytics and Risk Reporting Tools
• Scorecard and Visualization Tools
• Risk Calculation Engines
• GRC Software
• Others
Service
• Professional Services
• Managed Services
By Deployment
• On-Demand
• On-Premise
By Vertical
• BFSI
• Manufacturing
• Transportation
• Retail
• IT & Telecommunication
• Healthcare
• Government

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Intended Audience
• Technology investors
• Integrated device manufacturers (IDMs)
• Original equipment manufacturers (OEMs)
• Research/Consultancy firms
• Risk engine solution providers
• Government agencies
• Risk assessment service providers
• Venture capitalists
• Value-added resellers
• Small, medium-sized, and large enterprises
• Third-party providers

LIST OF TABLES
TABLE 1 RISK ANALYTICS MARKET, BY COMPONENT
TABLE 2 RISK ANALYTICS MARKET, BY DEPLOYMENT
TABLE 3 RISK ANALYTICS MARKET, BY VERTICAL
TABLE 4 RISK ANALYTICS MARKET, BY REGIONS
TABLE 5 NORTH AMERICA RISK ANALYTICS MARKET, BY COMPONENT
TABLE 6 NORTH AMERICA RISK ANALYTICS MARKET, BY DEPLOYMENT
TABLE 7 NORTH AMERICA RISK ANALYTICS MARKET, BY VERTICAL
TABLE 8 U.S. RISK ANALYTICS MARKET, BY COMPONENT
Continued……

LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 RISK ANALYTICS MARKET, BY COMPONENT (%)
FIGURE 3 RISK ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 4 RISK ANALYTICS MARKET, BY VERTICAL (%)
FIGURE 5 RISK ANALYTICS MARKET, BY REGIONS (%)
Continued……

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This release was published on openPR.