Surge in data security breaches in enterprise and an increase in government regulatory compliances are some of the major factors, which will drive the growth of the risk analytics market. In addition, rise in adoption of risk analytics in financial institutions and growth in IoT landscape fuel the growth of the market. However, high cost and complexity in installation, configuration of the software, and less security provided by the risk analytics hamper the growth of the market. Furthermore, rise in demand form developing economies and integration of artificial intelligence in risk analytics are expected to provide major opportunities for the growth of the risk analytics market during the forecast period.
The global risk analytics market is segmented on the basis of component, deployment mode, organization size, application, industry vertical, and region. In terms of component, it is bifurcated into software and services. In terms of deployment mode, the market is divided into on-premise and cloud. As per organization size, it is categorized into large enterprises and small & medium enterprises. In terms of applications, the market is bifurcated into strategic risks, financial risks, operational risks and compliance risks. Based on industry vertical, it is classified into BFSI, IT& telecom, retail, healthcare, energy & utilities, manufacturing, government & defense, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the risk analytics market analysis are Accenture PLC, BRIDGEi2i, Capgemini SE, Fidelity National Information Services, Inc. (FIS), IBM Corporation, Moody's Analytics Inc., Oracle Corporation, Risk Edge Solutions, SAS Institute Inc. and SAP SE. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key benefits for stakeholders
- The study provides an in-depth analysis of the global risk analytics market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global risk analytics market from 2019 to 2026 is provided to determine the market potential.
Key market segments
By Component
- Solution
- Service
By Deployment Mode
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Strategic risks
- Financial risks
- Operational risks
- Compliance risks
By Industry vertical
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Energy & Utilities
- Manufacturing
- Government & Defense
- Other
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Brainloop AG
- Caplinked Inc.
- Citrix Systems Inc.
- Drooms GmbH
- Ethos data
- Firmex Corporation
- Intralinks Holdings Inc.
- Merrill Corporation Ltd
- ShareVault
- Vault Rooms Inc.
Table of Contents
Executive Summary
According to the report, titled, 'Risk Analytics Market by Component, Deployment Model, Organization Size, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global market was valued at $18.25 billion in 2018, and the risk analytics market forecast is projected to reach $65.25 billion by 2026, growing at a CAGR of 17.40% from 2019 to 2026.Risk analytics are used by the organization to efficiently and effectively manage different types of risks. The primary goal of risk analytics is to identify potential risks before their occurrence so that proper risk handling measures can be taken across the organizations. Numerous benefits offered by risk analytics, such as efficient business decisions, realistic expectations, escalations, and focused on risk, are the lucrative factors that boost the market growths. Furthermore, surge in data security breaches in enterprise and an increase in government regulatory compliances are some of the major factors, which are expected to drive the growth of the risk analytics market. In addition, rise in adoption of risk analytics in financial institutions and growth in IoT landscape fuel the growth of the market. However, high cost and complexity in installation, configuration of the software, and less security provided by the risk analytics hamper the growth of the market. Furthermore, rise in demand form developing economies and integration of artificial intelligence in risk analytics are expected to provide major opportunities for the growth of the risk analytics market during the forecast period.
The operational risks segment dominated the risk analytics market industry in 2018 and is projected to maintain its dominance during the forecast period, owing to the need to streamline the process of operational risk management across different industry verticals. Furthermore, the financial risks segment is expected to grow at a significant CAGR during the forecast period, owing to the rising need to meet financial expectations of shareholders.
The BFSI sector dominated the risk analytics market industry in 2018 and is projected to maintain its dominance during the forecast period, owing to rise in adoption of this solution for identifying and mitigating different types of risk of the organizations. Furthermore, the energy & utility sector is expected to grow at a significant CAGR during the forecast period, for surviving the challenges, which are proposed by the geo-political and economic fluctuations.
By region, the global risk analytics market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region include rise in the adoption of risk analytics solution among major financial institutions and surge in the number of cyber-attacks across the financial institutions. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the rise in digitization and an increase in focus of financial institutions toward integration of risk analytics solutions.
Key Findings of the Study
By component, the solution segment led the risk analytics market size in terms of revenue in 2018.
By deployment model, the cloud segment accounted for the highest risk analytics market share in 2018.
By industry vertical, the BFSI segmented accounted for the highest risk analytics market share in 2018.
By region, North America generated the highest revenue in 2018.
The key players profiled in the risk analytics market analysis are Accenture PLC, BRIDGEi2i, Capgemini SE, Fidelity National Information Services, Inc. (FIS), IBM Corporation, Moody's Analytics Inc., Oracle Corporation, Risk Edge Solutions, SAS Institute Inc. and SAP SE. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Accenture PLC
- BRIDGEi2i
- Capgemini SE
- Fidelity National Information Services Inc. (FIS)
- IBM Corporation
- Moody's Analytics Inc.
- Oracle Corporation
- Risk Edge Solutions
- AS Institute Inc. SAP SE.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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