The Latin America, Middle East and Africa Financial Risk Management Software Market should witness market growth of 17.7% CAGR during the forecast period (2023-2029).
Financial risk management software is utilized extensively by the financial services sector. However, financial risk management software also benefits companies and sectors across the board. Various companies offer a variety of software solutions, including treasury and payment management software. This software is designed to help businesses mitigate payment fraud and liquidity risks.
The risk management solution for the financial sector helps to reduce risks related to investment portfolios, including security and asset class exposures. The credit risk management software is designed to mitigate risks related to counterparty credit risk. The fraud detection software is designed to minimize risks associated with both internal and external fraud. Also, the internal compliance software is designed to mitigate risks related to compliance issues, including but not limited to employee conflicts of interest and insider trading.
With the recent advancements in technology, financial risk management software has significantly improved in sophistication and is now capable of solving highly complex problems. The financial risk management software is specifically designed to provide data-driven insights. In addition, this software provides continuous updates of results and insights by incorporating new data, resulting in improved outcomes over time.
The central bank of the United Arab Emirates is responsible for administering the expanding regional banking sector. The Central Bank formulates credit, monetary, and banking policy per government directives and supervises its implementation to promote domestic economic growth and currency stability. In addition, it manages the UAE government's gold and foreign exchange reserves and represents the UAE government's economic interests before international financial institutions. As a result of a recent expansion, Islamic finance now constitutes a significant portion of the UAE's financial sector.
The Brazil market dominated the LAMEA Financial Risk Management Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $142.4 million by 2029. The Argentina market is exhibiting a CAGR of 18.3% during (2023-2029). Additionally, The UAE market would experience a CAGR of 17.3% during (2023-2029).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End-user, the market is segmented into Banks, Insurance Companies, NBFCs and Credit Unions. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, SAS Institute, Inc., Experian PLC, Fiserv, Inc., Pegasystems Inc., CreditPoint Software, Optial UK Limited, Resolver Inc. (Kroll, LLC) and Lumivero, LLC.
Financial risk management software is utilized extensively by the financial services sector. However, financial risk management software also benefits companies and sectors across the board. Various companies offer a variety of software solutions, including treasury and payment management software. This software is designed to help businesses mitigate payment fraud and liquidity risks.
The risk management solution for the financial sector helps to reduce risks related to investment portfolios, including security and asset class exposures. The credit risk management software is designed to mitigate risks related to counterparty credit risk. The fraud detection software is designed to minimize risks associated with both internal and external fraud. Also, the internal compliance software is designed to mitigate risks related to compliance issues, including but not limited to employee conflicts of interest and insider trading.
With the recent advancements in technology, financial risk management software has significantly improved in sophistication and is now capable of solving highly complex problems. The financial risk management software is specifically designed to provide data-driven insights. In addition, this software provides continuous updates of results and insights by incorporating new data, resulting in improved outcomes over time.
The central bank of the United Arab Emirates is responsible for administering the expanding regional banking sector. The Central Bank formulates credit, monetary, and banking policy per government directives and supervises its implementation to promote domestic economic growth and currency stability. In addition, it manages the UAE government's gold and foreign exchange reserves and represents the UAE government's economic interests before international financial institutions. As a result of a recent expansion, Islamic finance now constitutes a significant portion of the UAE's financial sector.
The Brazil market dominated the LAMEA Financial Risk Management Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $142.4 million by 2029. The Argentina market is exhibiting a CAGR of 18.3% during (2023-2029). Additionally, The UAE market would experience a CAGR of 17.3% during (2023-2029).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End-user, the market is segmented into Banks, Insurance Companies, NBFCs and Credit Unions. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, SAS Institute, Inc., Experian PLC, Fiserv, Inc., Pegasystems Inc., CreditPoint Software, Optial UK Limited, Resolver Inc. (Kroll, LLC) and Lumivero, LLC.
Scope of the Study
By Component
- Software (Without Services)
- Services
By Deployment Mode
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By End-user
- Banks
- Insurance Companies
- NBFCs
- Credit Unions
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- SAP SE
- SAS Institute, Inc.
- Experian PLC
- Fiserv, Inc.
- Pegasystems Inc.
- CreditPoint Software
- Optial UK Limited
- Resolver Inc. (Kroll, LLC)
- Lumivero, LLC
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. LAMEA Financial Risk Management Software Market by Component
Chapter 5. LAMEA Financial Risk Management Software Market by Deployment Mode
Chapter 6. LAMEA Financial Risk Management Software Market by Enterprise Size
Chapter 7. LAMEA Financial Risk Management Software Market by End-user
Chapter 8. LAMEA Financial Risk Management Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Oracle Corporation
- SAP SE
- SAS Institute, Inc.
- Experian PLC
- Fiserv, Inc.
- Pegasystems Inc.
- CreditPoint Software
- Optial UK Limited
- Resolver Inc. (Kroll, LLC)
- Lumivero, LLC
Methodology
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