Risk Analytics Market Research Depth Study, Analysis, Growth and Forecast 2029

Risk Analytics Market is expected to grow at a rate of 14.7 % CAGR from 2023 to 2029, reaching almost USD 85.10 Bn in 2029

Risk Analytics Market Report Scope and Research Methodology

This comprehensive report offers an in-depth analysis of the Global Risk Analytics Market, covering key areas and vital players in this thriving industry. It spans multiple geographical regions, including North America, Asia Pacific, Europe, Middle East & Africa, and South America, providing data analysis from 2018 to 2022, featuring crucial figures, charts, and visual aids. The report explores market drivers, restraints, opportunities, and challenges and offers investment recommendations based on a thorough assessment of the competitive landscape within the Risk Analytics market.

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What are Risk Analytics Market Dynamics?

Growing Data Usage: The increasing utilization of vast amounts of structured and unstructured data across various end-user industries has driven the demand for risk analytics. The surge in global data volume from 12 zettabytes in 2015 to 47 and 163 zettabytes in 2021 and 2025, respectively, as per Seagate Technology PLC, has made data management and risk identification more complex for organizations. The expansion of technological innovations and the introduction of new technologies like AI, ML, IoT, and edge computing have generated large volumes of data. This growing complexity has prompted businesses to invest heavily in innovative risk management strategies.

Complex Regulatory Landscape: Diverse regulatory compliance requirements across different regions pose a challenge for enterprises in managing compliance risks. Lack of standardization complicates matters, making it difficult for risk analytics solution providers to cater to various end-users. Enterprises have begun implementing in-house regulatory rules in locations where governing agencies lack clear standards, adding complexity to the industry.

Risk Analytics Market Segmentation?

The market is further divided into Software and Services based on Component. The risk analytics programme also contains scoring and visualisation tools, extract, transform, and load tools, and other tools and software. The measurements for market risks and investment analysis are found and analysed by the risk calculation system. The widespread usage of this cutting-edge risk analytics technology by financial organisations like banks, insurance firms, investment funds, and more is ultimately driving the market's expansion. Furthermore, the structural layout of the risk engine makes it simple to integrate it with other running programmes or separate activities where data exchange is carried out during exports and imports.

The market is further broken down by industry into the following subsectors: banking and financial services, insurance, manufacturing, transportation and logistics, retail and consumer goods, IT & telecom, government & defence, healthcare & life sciences, energy & utilities, and others. Risk analytics are becoming more and more necessary as banks from all over the world realise they need to take a more logical approach to managing the growing number of risks that are overtaking the banking and financial industries. With the use of risk analytics, banks and other financial organisations can move away from a "silo" approach to risk management and towards a "holistic" understanding of all risks present within the company. For instance, operational risk management (ORM) is affected by the exponential growth in the number of transactions that must be tracked, which strains the capabilities of the financial system today.

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Who are Risk Analytics Market Key Players?

1. IBM
2. Oracle
3. SAP
4. SAS Institute
5. FIS
6. Moody's Corporation
7. Verisk Analytics, Inc.
8. AxiomSL, Inc.
9. Gurucul
10. Provenir
11. Risk Edge Solutions
12. BRIDGEi2i Analytics Solutions
13. Recorded Future, Inc
14. DataFactZ
15. Digital Fineprint
16. Eurorisk Systems Ltd
17. Open Access Technology International, Inc
18. Capgemini
19. Finastra
20. Tata Consultancy Services Limited
21. Genpact
22. ACL Services Ltd.
23. dba Galvanize

Table of content for the Risk Analytics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Risk Analytics Market Report

Part 03: Global Risk Analytics Market Landscape

Part 04: Global Risk Analytics Market Sizing

Part 05: Global Risk Analytics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America Dominates: North America led the market in 2022 and is expected to continue its dominance with a CAGR of 14.7% during the forecast period. The United States and Canada are significant contributors to the region's growth, with the presence of major risk analytics software providers like IBM and Oracle. The surge in adoption of artificial intelligence, the Internet of Things, and machine learning technologies, along with innovative analytics tools, is driving market growth.

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