+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Risk Analytics Market by Software Type (ETL, Risk Calculation Engines, Scorecard & Visualization) Service, Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical, & Region - Global Forecast to 2024

  • ID: 4824811
  • Report
  • Region: Global
  • 146 Pages
  • Markets and Markets
1 of 6
The Risk Analytics Market Size is Expected to Grow from USD 23.0 Billion in 2019 to USD 45.9 Billion by 2024, at a CAGR of 14.8% During the Forecast Period.

FEATURED COMPANIES

  • Axiomsl
  • Datafactz
  • FIS
  • IBM
  • Oracle
  • Recorded Future
  • MORE

The increasing level of complexity across business processes, and rising digitalization & business process automation is expected to drive the overall growth of risk analytics market

The risk analytics market is driven by various factors, such as increasing complexities across business processes, and rising digitalization & business process automation. However, the integration of data from data silos can hinder the growth of the market.

Services segment to grow at the highest CAGR during the forecast period

The risk analytics market is segmented based on components into software and services. The services segment is expected to grow at a rapid pace during the forecast period. The growth of this segment can be attributed to the growing complexities among businesses, and the introduction of new regulatory norms & compliance leads to increasing demand for professional as well as managed services.

Banking & financial services segment to gain maximum market size during the forecast period

The risk analytics market, based on vertical, has been segmented into banking & financial services, insurance, manufacturing, transportation & logistics, retail & consumer goods, IT & telecom, government & defense, healthcare & life sciences, energy & utilities, and others (travel & hospitality, academia & research, media & entertainment, agriculture, and real estate). The growth of the BFSI segment is attributed to the rising need to minimize the risk associated with governance & compliance requirements, and growing need to obtain a unified view of risk across the organizations.

Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period

APAC is expected to have the highest growth rate during the forecast period, due to the faster adoption of digital technologies, and increasing data & security breaches. Various industries in the APAC region are the forefront of the adoption of risk analytics solutions to ensure the smooth running of various business operations. APAC also offers lucrative opportunities for the growth of the market. Favorable government policies that support the growth of the market, as well as flexible economic conditions, are likely to support the growth of the market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation & technology directors, and executives from various key organizations operating in the risk analytics marketplace.

  • By Company: Tier I - 27%, Tier II - 48%, and Tier III - 25%
  • By Designation: C-Level - 46%, Director Level - 35%, and Others - 19%
  • By Region: North America - 30%, APAC - 40%, Europe - 20%, MEA - 5%, and Latin America - 5%

The report includes the study of the key players offering risk analytics solutions and services. The major risk analytics vendors include IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), FIS (US), Moody’s Corporation (US), Verisk Analytics, Inc. (US), AxiomSL, Inc. (US), Gurucul (US), Provenir (US), Risk Edge Solutions (India), BRIDGEi2i Analytics Solutions (India), Recorded Future, Inc. (US), DataFactZ (US), and Digital Fineprint (England). The study includes an in-depth competitive analysis of these key players in the risk analytics market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the risk analytics market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, such as component, type, Organization size, deployment mode, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

  • The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall risk analytics market and the subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Axiomsl
  • Datafactz
  • FIS
  • IBM
  • Oracle
  • Recorded Future
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Risk Analytics Market
4.2 Market Top 3 Verticals
4.3 Market Top 3 Risk Types and Regions
4.4 Market By Vertical
4.5 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Compliance With Stringent Industry Regulations
5.2.1.2 Increasing Complexities Across Business Processes
5.2.1.3 Rising Digitalization and Bpa
5.2.1.4 Growing Data and Security Breaches
5.2.2 Restraints
5.2.2.1 Intricate Nature of Regulatory Compliance
5.2.3 Opportunities
5.2.3.1 Adoption of AI and Blockchain Technology in the Market
5.2.3.2 Rising Innovations in the Fintech Industry
5.2.4 Challenges
5.2.4.1 Integration of Data From Data Silos
5.3 Use Cases
5.3.1 Introduction
5.3.1.1 Use Case: Scenario 1
5.3.1.2 Use Case: Scenario 2
5.3.1.3 Use Case: Scenario 3
5.3.1.4 Use Case: Scenario 4
5.3.1.5 Use Case: Scenario 5
5.4 Regulatory Implications
5.4.1 Introduction
5.4.2 ISO 31000 2009: Risk Management Principles and Guidelines
5.4.3 ISO/IEC 31010:2009: Risk Management-Risk Assessment Techniques
5.4.4 GRC Capability Model 3.0 (Red Book)
5.4.5 Committee of Sponsoring Organizations: Enterprise Risk Management Framework
5.4.6 Basel

6 Risk Analytics Market By Component
6.1 Introduction
6.2 Software
6.2.1 ETL Tools
6.2.1.1 Increasing Need for Data Unification From Various Sources/Systems in an Organization to Augment the Adoption of ETL Tools
6.2.2 Risk Calculation Engines
6.2.2.1 Need for Real-Time Risk Calculation to Boost the Adoption of Risk Calculation Engines
6.2.3 Scorecard and Visualization Tools
6.2.3.1 Rising Demand for Effective Internal Risk Rating and Visualization Tools to Enhance the Adoption of Scorecard and Visualization Tools
6.2.4 Dashboard Analytics and Risk Reporting Tools
6.2.4.1 Growing Demand for Real-Time Risk Analysis to Augment the Adoption of Dashboard Analytics and Risk Reporting Tools
6.2.5 GRC Software
6.2.5.1 Growing Organizations’ Focus Toward Effective Management of Risks By Complying With Related Regulations to Boost the Adoption of GRC Software
6.2.6 Others
6.3 Services
6.3.1 Professional Services
6.3.1.1 Need for an Enhanced Strategic Outlook, Improved Performance Efficiencies, and Business Transformation to Drive the Professional Services Segment
6.3.2 Managed Services
6.3.2.1 Rising Difficulties of Managing IT Services to Boost the Adoption of Managed Services

7 Risk Analytics Market By Deployment Mode
7.1 Introduction
7.2 Cloud
7.2.1 Increasing Need to Manage Data Silos With the Help of Cloud-Based Risk Analytics Solutions
7.3 On-Premises
7.3.1 Advantages of Data Privacy and Security to Help Accelerate the Growth of the On-Premises Deployment Mode

8 Risk Analytics Market By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.2.1 Regulations are Key Enablers for Large Enterprises to Adopt Analytical Solutions
8.3 Small and Medium-Sized Enterprises
8.3.1 Cost-Efficient Cloud-Based Solutions to Drive the Adoption of Risk Analytics Solutions in Small and Medium-Sized Enterprises

9 Risk Analytics Market By Risk Type
9.1 Introduction
9.2 Strategic Risk
9.2.1 Rapid Technological Changes to Drive the Adoption of Risk Analytics Solution for Strategic Risk Management
9.3 Operational Risk
9.3.1 Need to Streamline the Process of Operational Risk Management Creating Demand for Risk Analytics Solutions
9.4 Financial Risk
9.4.1 Growing Need to Meet Financial Expectations of Shareholders to Create Demand for Risk Analytics Solutions
9.5 Others

10 Risk Analytics Market By Vertical
10.1 Introduction
10.2 Banking and Financial Services
10.2.1 Complexity of Regulatory Requirements to Drive the Adoption of Risk Analytics for Banking and Financial Services
10.3 Insurance
10.3.1 Insurance Vertical to Deploy Risk Analytics Solutions to Quickly Transform Data Into Actionable Insights
10.4 Manufacturing
10.4.1 Increasing Cyberattacks to Fuel the Adoption of Risk Analytics in the Manufacturing Vertical
10.5 Transportation and Logistics
10.5.1 Transportation and Logistics Adopting Risk Analytics to Tackle Challenges Associated With Managing Claims and Ensuring Fleet Safety
10.6 Retail and Consumer Goods
10.6.1 Retail and Consumer Goods to Adopt Risk Analytics Solutions to Identify Fraud
10.7 IT and Telecom
10.7.1 Growing Need to Analyze Large Volumes of Data Creating the Demand for Risk Analytics Solutions in the IT and Telecom Vertical
10.8 Government and Defense
10.8.1 Risk Analytics to Become Crucial for Proper Resource Allocation in the Government and Defense Vertical
10.9 Healthcare and Life Sciences
10.9.1 Healthcare Vertical to Deploy Risk Analytics Solutions to Deliver Enhanced Experience to Patients While Complying With Regulations
10.10 Energy and Utilities
10.10.1 Changing Political Conditions and Economic Environment to Drive the Adoption of Risk Analytics in the Energy and Utilities Vertical
10.11 Others

11 Risk Analytics Market By Region
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.1.1 Growing Organizations’ Focus Toward Providing Innovative Risk Analytics Solutions to Drive the Market Across the Us
11.2.2 Canada
11.2.2.1 Increasing Adoption By Banking and Financial Services Industry to Drive the Growth of the Market in Canada
11.3 Europe
11.3.1 United Kingdom
11.3.1.1 Growing Complexity of Regulations to Fuel the Adoption of Risk Analytics Solutions in the Uk
11.3.2 Germany
11.3.2.1 Increasing Need to Streamline Business Processes to Drive the Growth of Risk Analytics Solutions in Germany
11.3.3 France
11.3.3.1 Increasing Cyberattacks to Provide an Opportunity to Deploy Risk Analytics Solutions in France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Growing Banking and Financial Industry in China to Provide Opportunities for the Adoption of Risk Analytics Solutions
11.4.2 Japan
11.4.2.1 Growing Focus on Risk Analytics Solution Providers Across Japan to Cater to the Changing Customer Requirements
11.4.3 India
11.4.3.1 Increasing Digitalization Initiatives to Provide Opportunities to Deploy Risk Analytics Solutions in India
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Regulatory Compliance Backed By the Presence of Risk Analytics Vendors to Boost the Adoption of Risk Analytics Solutions in the Middle East
11.5.2 Africa
11.5.2.1 Growing Digitalization to Offer Opportunities to Deploy Risk Analytics Solutions in Africa
11.6 Latin America
11.6.1 Brazil
11.6.1.1 Growing Focus of Financial Institutions Toward Integration of Risk Analytics Solutions to Drive the Market in Brazil
11.6.2 Mexico
11.6.2.1 Need to Assess Different Types of Risks to Increase the Adoption of Risk Analytics Solutions in Mexico
11.6.3 Rest of Latin America

12 Competitive Landscape
12.1 Competitive Leadership Mapping
12.1.1 Visionaries
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Strength of Product Portfolio
12.3 Business Strategy Excellence

13 Company Profiles
13.1 Introduction
Business Overview, Platforms & Solutions, Key Insights, Recent Developments, SWOT Analysis, Author's View
13.2 IBM
13.3 Oracle
13.4 SAP
13.5 SAS Institute
13.6 FIS
13.7 Moody's Analytics
13.8 Verisk Analytics
13.9 Axiomsl
13.10 Gurucul
13.11 Provenir
13.12 Risk Edge Solutions
13.13 Bridgei2i
13.14 Datafactz
13.15 Recorded Future
13.16 Digital Fineprint

Details on Business Overview, Platforms & Solutions, Key Insights, Recent Developments, SWOT Analysis, Author's View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Industry Excerpts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables (50 Tables)

Table 1 United States Dollar Exchange Rate, 2016-2018
Table 2 Factor Analysis
Table 3 Global Market Size and Growth Rate, 2017-2024 (USD Billion and Y-O-Y %)
Table 4 Risk Analytics Market Size, By Component, 2017-2024 (USD Million)
Table 5 Software: Market Size By Software Type, 2017-2024 (USD Million)
Table 6 Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 7 Market Size By Organization Size, 2017-2024 (USD Million)
Table 8 Market Size By Risk Type, 2017-2024 (USD Million)
Table 9 Market Size By Vertical, 2017-2024 (USD Million)
Table 10 Risk Analytics Market Size, By Region, 2017-2024 (USD Million)
Table 11 North America: Market Size By Component, 2017-2024 (USD Million)
Table 12 North America: Market Size By Software Type, 2017-2024 (USD Million)
Table 13 North America: Market Size By Service, 2017-2024 (USD Million)
Table 14 North America: Market Size By Risk Type, 2017-2024 (USD Million)
Table 15 North America: Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 16 North America: Market Size By Organization Size, 2017-2024 (USD Million)
Table 17 North America: Market Size By Vertical, 2017-2024 (USD Million)
Table 18 North America: Market Size By Country, 2017-2024 (USD Million)
Table 19 Europe: Risk Analytics Market Size, By Component 2017-2024 (USD Million)
Table 20 Europe: Market Size By Software Type, 2017-2024 (USD Million)
Table 21 Europe: Market Size By Service, 2017-2024 (USD Million)
Table 22 Europe: Market Size By Risk Type, 2017-2024 (USD Million)
Table 23 Europe: Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 24 Europe: Market Size By Organization Size, 2017-2024 (USD Million)
Table 25 Europe: Market Size By Vertical, 2017-2024 (USD Million)
Table 26 Europe: Market Size By Country, 2017-2024 (USD Million)
Table 27 Asia Pacific: Risk Analytics Market Size, By Component, 2017-2024 (USD Million)
Table 28 Asia Pacific: Market Size By Software Type, 2017-2024 (USD Million)
Table 29 Asia Pacific: Market Size By Service, 2017-2024 (USD Million)
Table 30 Asia Pacific: Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 31 Asia Pacific: Market Size By Risk Type, 2017-2024 (USD Million)
Table 32 Asia Pacific: Market Size By Organization Size, 2017-2024 (USD Million)
Table 33 Asia Pacific: Market Size By Vertical, 2017-2024 (USD Million)
Table 34 Asia Pacific: Market Size By Country, 2017-2024 (USD Million)
Table 35 Middle East and Africa: Risk Analytics Market Size, By Component, 2017-2024 (USD Million)
Table 36 Middle East and Africa: Market Size By Software Type, 2017-2024 (USD Million)
Table 37 Middle East and Africa: Market Size By Service, 2017-2024 (USD Million)
Table 38 Middle East and Africa: Market Size By Risk Type, 2017-2024 (USD Million)
Table 39 Middle East and Africa: Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 40 Middle East and Africa: Market Size By Organization Size, 2017-2024 (USD Million)
Table 41 Middle East and Africa: Market Size By Vertical, 2017-2024 (USD Million)
Table 42 Middle East and Africa: Market Size By Sub-Region, 2017-2024 (USD Million)
Table 43 Latin America: Risk Analytics Market Size, By Component, 2017-2024 (USD Million)
Table 44 Latin America: Market Size By Software Type, 2017-2024 (USD Million)
Table 45 Latin America: Market Size By Service, 2017-2024 (USD Million)
Table 46 Latin America: Market Size By Risk Type, 2017-2024 (USD Million)
Table 47 Latin America: Market Size By Deployment Mode, 2017-2024 (USD Million)
Table 48 Latin America: Market Size By Organization Size, 2017-2024 (USD Million)
Table 49 Latin America: Market Size By Vertical, 2017-2024 (USD Million)
Table 50 Latin America: Market Size By Country, 2017-2024 (USD Million)

List of Figures (41 Figures)

Figure 1 Global Risk Analytics Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Software Segment to Account for A Larger Market Size in 2019
Figure 4 GRC Software to Account for the Largest Market Size in 2019
Figure 5 Professional Services to Account for A Higher Market Share in 2019
Figure 6 Large Enterprises to Account for A Larger Market Size in 2019
Figure 7 On-Premises Segment to Account for A Larger Market Size in 2019
Figure 8 Financial Risk to Account for the Highest Market Share in 2019
Figure 9 Banking and Financial Services to Account for the Largest Market Size in 2019
Figure 10 North America to Account for the Highest Market Share in 2019
Figure 11 Increasing Need to Meet Stringent Compliance Mandates to Drive the Risk Analytics Market
Figure 12 Banking and Financial Services Vertical to Account for the Largest Market Size During the Forecast Period
Figure 13 Financial Risk Type and North America to Account for the Highest Market Shares in the Risk Analytics Market in 2019
Figure 14 Banking and Financial Services Vertical to Register the Highest Market Share in 2019
Figure 15 Asia Pacific to Be the Best Region for Investments During the Forecast Period
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Risk Analytics Market
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 GRC Software to Hold the Largest Market Size During the Forecast Period
Figure 19 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 20 On-Premises Segment to Hold A Larger Market Size During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 22 Operational Risk Segment to Grow at the Highest CAGR During the Forecast Period
Figure 23 Manufacturing Vertical to Register the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 25 India to Register the Highest CAGR Among Countries During the Forecast Period
Figure 26 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Risk Analytics Market (Global) Competitive Leadership Mapping, 2019
Figure 30 IBM: Company Snapshot
Figure 31 IBM: SWOT Analysis
Figure 32 Oracle: Company Snapshot
Figure 33 Oracle: SWOT Analysis
Figure 34 SAP: Company Snapshot
Figure 35 SAP: SWOT Analysis
Figure 36 SAS Institute: Company Snapshot
Figure 37 SWOT Analysis: SAS Institute
Figure 38 FIS: Company Snapshot
Figure 39 FIS: SWOT Analysis
Figure 40 Moody's Analytics: Company Snapshot
Figure 41 Verisk Analytics: Company Snapshot

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • Axiomsl
  • Bridgei2i
  • Datafactz
  • Digital Fineprint
  • FIS
  • Gurucul
  • IBM
  • Moody's Analytics
  • Oracle
  • Provenir
  • Recorded Future
  • Risk Edge Solutions
  • SAP
  • SAS Institute
  • Verisk Analytics
Note: Product cover images may vary from those shown
6 of 6

Loading
LOADING...

Adroll
adroll