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Risk Analytics Market worth 30.18 Billion USD by 2021

04-17-2017 02:49 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets.com

According to a new market research report "Risk Analytics Market by Software (ETL Tools, Risk Calculation Engines, Scorecard & Visualization Tools, Dashboard Analytics & Risk Reporting Tools, GRC Software, & Others), Service, Application, Vertical, & by Region - Global Forecast to 2021", by MarketsandMarkets™, the risk analytics market size is estimated to grow from USD 16.55 Billion in 2016 to USD 30.18 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.8%.

Browse 70 market data Tables and 49 Figures spread through 135 Pages and in-depth TOC on "Risk Analytics Market - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/risk-analytics-market-210662258.html
Early buyers will receive 10% customization on this report.

The risk analytics solutions are witnessing the rising demand due to increasing competitive pressure on SMEs and global regulatory frameworks and government policies. The substantial growth in the risk analytics market can be credited to the increasing organizational need to minimize the losses incurred due to risks, maximize their return on investment, and enhance their decision making process.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=210662258

Governance, Risk, and Compliance (GRC) software are expected to show positive trends during the forecast period

The GRC software is expected to dominate the market from 2016 to 2021. This is due to the fact that this software empowers organizations with the ability to identify, manage, monitor, and analyze risk and compliance across the enterprise in a single integrated solution. Furthermore, scorecard and visualization tools software is expected to gain traction in the next five years as it enables representation of multi-dimensional data to enhance the quality of analysis and insight by facilitating rapid and accurate observations.

Manufacturing segment to grow at the highest rate during the forecast period

The manufacturing segment is expected to grow at a rapid rate from 2016 to 2021 in the risk analytics market. The high growth rate can be attributed to the rapidly changing customer expectations, fierce market competition, and stringent regulatory constraints faced by the manufacturing industries. The banking and financial services segment is expected to contribute the largest market share in the risk analytics market in 2016. The market is also projected to witness growth in the healthcare, retail and CPG, and telecommunication and IT segment during the forecast period.

North America is expected to contribute the largest market share during the forecast period

North America is expected to have the largest market share and dominate the risk analytics market from 2016 to 2021, due to increasing adoption of risk analytics software and services by organizations in order to safeguard their businesses from losses and also because of the stern non-compliance measures adopted by the government and various regulatory bodies in this region. APAC offers potential growth opportunities due to the rise in technology penetration and presence of large number of SMEs which are under tremendous competitive pressure from large enterprises.

The major vendors in the risk analytics market include IBM Corporation (New York, U.S.), SAP SE (Walldorf, Germany), SAS Institute, Inc. (North Carolina, U.S.), Oracle Corporation (California, U.S.), FIS Global (Florida, U.S.), and Verisk Analytics, Inc. (New Jersey, U.S.) along with others. The report also includes key innovators in the market, such as Misys (London, U.K.) and Numerix LLC (New York, U.S.).

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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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