Middle East and Africa Operational Risk Management Solution Market 2028: Future Growth, COVID-19 Impact, Manufacturers, Demands and Revenue Report scrutinized in the new analysis

The MEA operational risk management solution market is expected to grow from US$ 74.72 million in 2021 to US$ 114.63 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

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The Business Market Insights provides you regional research analysis on "Middle East and Africa Operational Risk Management Solution Market" and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Middle East and Africa Operational Risk Management Solution market during the forecast period, i.e., 2021-2028.

Artificial Intelligence (AI) is a robust technology used in the industrial, business, consumer, and public sectors. It is increasingly used in businesses to mitigate operational risks effectively. AI applications hold significant potential to enable intelligent risk management. Several industrial factories have implemented AI-based programs to prevent severe injuries and fatalities by focusing on risks with the highest potential consequences. Commercially available AI and machine learning (ML) advanced analytics solutions are successfully applied to these programs. Moreover, identifying specific compliance requirements from environmental permits and other complex regulatory documents has been necessary for the undertaking of labor-intensive and error-prone. A compliance technology company provides compliance automation solutions that use AI-based technology to resolve this problem. The cloud-based platform allows Natural Language Processing (NLP) algorithms to interpret and extract Environmental, Health, and Safety (EHS) requirements. These requirements rapidly speed up and enhance the accuracy of converting unstructured data contained in regulatory documents to actionable compliance obligations. Therefore, the growing trend for implementing AI in operational risk management solutions is expected to support the MEA operational risk management solution market growth during the forecast period.

Major key players covered in this report:
• Adapt IT Holdings Ltd
• Cura Global GRC Solutions PTE LTD
• MetricStream, Inc.
• RSA Security LLC
• SAP SE
• Shell International B.V.
• Sphera Solutions, Inc.
• TenForce

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The MEA operational risk management solution market is segmented into deployment, enterprise size, and country. Based on deployment, the MEA operational risk management solution market is bifurcated into on-premise and cloud. The on-premise segment led the market in 2020; however, the cloud segment is expected to be the faster-growing segment during the forecast period. Based on enterprise size, the MEA operational risk management solution market is bifurcated into SMEs and large enterprise. The large enterprise segment led the market in 2020; however, the SMEs segment is expected to be the faster-growing segment during the forecast period. Based on country, the MEA operational risk management solution market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Middle East and Africa Operational Risk Management Solution market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Middle East and Africa Operational Risk Management Solution market segments and regions.

The research on the Middle East and Africa Operational Risk Management Solution market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Middle East and Africa Operational Risk Management Solution market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Middle East and Africa Operational Risk Management Solution market.

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