Surge in data security breaches in enterprises and increase in government regulatory compliances are some of the major factors, which are expected to drive the growth of the Japan preventive risk analytics market. In addition, factors such as rise in adoption of risk analytics in financial institutions, surge in IoT landscape, and increase in focus on risk analytics solution providers across Japan to cater to the changing customer requirements drive the growth of the market. However, high cost and complexity in installation, configuration of the software along with less security provided by the preventive risk analytic solutions hamper the growth of the market. Furthermore, rising innovations in the Fintech industry in Japan and integration of advanced technologies such as artificial intelligence (AI) and Blockchain in risk analytics, are expected to provide major opportunities for the market during the forecast period.
The Japan preventive risk analytics market is segmented on the basis of component, deployment mode, organization size, type, industry vertical, and region. In terms of component, it is bifurcated into solution and services. In terms of deployment mode, the market is divided into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. In terms of type, the market is categorized 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 IBM Corporation, Accenture PLC, Capgemini, Fidelity national information services Inc. (FIS), Oracle Corporation, SAP SE, SAS Institute Inc., Verisk analytics Inc., Recorded future, Inc., and AXIOMSL, Inc. 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 Japan preventive risk analytics market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analyses on the market is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Japan preventive risk analytics industry.
- The quantitative analysis of the market from 2019 to 2027 is provided to determine the market potential.
Key market segments
BY COMPONENT
- Solution
- Service
BY TYPE
- Strategic risks
- Financial risks
- Operational risks
- Compliance risks
BY DEPLOYMENT MODE
- On-Premise
- Cloud
BY ORGANIZATION SIZE
- Large Enterprises
- Small & Medium Enterprises
BY INDUSTRY VERTICAL
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Energy & Utilities
- Manufacturing
- Government & Defense
- Other
KEY MARKET PLAYERS
- IBM Corporation
- Accenture PLC
- Capgemini
- Fidelity national information services Inc. (FIS)
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Verisk analytics Inc.
- Recorded future, Inc.
- AXIOMSL, Inc.
Table of Contents
Executive Summary
According to the report titled, 'Japan Preventive Risk Analytics Market by Component,Type, Deployment Model, User Type, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027', the Japan preventive risk analytics market size was valued at $1,170.63 million in 2019, and is projected to reach $4,540.95 million by 2027, growing at a CAGR of 18.5% from 2020to 2027.Preventive risk analytics are used by an organization to efficiently and effectively manage different types of risks. The primary goal of preventive risk analytics is to identify potential risks before theiroccurrence 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 focus on risk, are the lucrative factors that boost the market growth.
Furthermore, surge in data security breaches in enterprise and increase in government regulatory compliances are some of the major factors, which are expected to drive the Japan preventive risk analytics market growth. In addition, rise in adoption of risk analytics in financial institutions and growth in IoT landscape further fuels 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 in Japan. Furthermore, integration of artificial intelligence in risk analytics is expected to provide major opportunities for the growth of the risk analytics market during the forecast period.
The operational risks segment dominated the Japan preventive risk analytics marketshare 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 compliance risks segment is expected to grow at a significant CAGR during the forecast period, owing toincrease in cost of money laundering fine,which is the major factor driving the adoption of compliance management solutions.
The BFSI sector dominated the Japan preventive risk analytics market in 2019 and is projected to maintain its dominance during the forecast period, owing to rise in adoption of the solution for identifying and mitigating different types of risksfor the organizations. Also, rise in need to minimize the risk associated with governance & compliance requirements as well as to obtain a unified view of risk across the organizations is creating numerous opportunities in the Japan preventive risk analytics market analysis. Furthermore, the manufacturing sector is expected to grow at a significant CAGR in the upcoming years. The growth of the industry is attributed torise in trend of IoT and automation in the manufacturing sector, which has proliferated the amount of unsecured data, which is expected to create numerous opportunities for the Japan preventive risk analytics market during the forecast period.
Key Findings of The Study
By component, the solution segment led the Japan preventive risk analytics market in terms of revenue in 2019.However, the service segment is expected to grow at a highest CAGR in the upcoming years.
By type, the operational risk segment led the market in terms of revenue in 2019. However, the compliance risk segment is expected to grow at a highest CAGR in the upcoming years.
By deployment model, the on-premise segment accounted for the highest Japan preventive risk analytics market share in 2019. However, the cloud-based segment is expected to grow at a highest CAGR in the upcoming years.
By user type, the large enterprise segment accounted for the highest share of Japan preventive risk analytics industry in 2019.
By industry vertical, the BFSIsegmented accounted for the highest market share in 2019. However, the manufacturing segment is expected to grow at a highest CAGR in the upcoming years.
The key players profiled in the studyare IBM Corporation, Accenture PLC, Capgemini, Fidelity national information services Inc. (FIS), Oracle Corporation, SAP SE, SAS Institute Inc., Verisk analytics Inc., Recorded future, Inc., and AXIOMSL, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the Japan preventive risk analytics market.
Companies Mentioned
- IBM Corporation
- Accenture PLC
- Capgemini
- Fidelity national information services Inc. (FIS)
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- Verisk analytics Inc.
- Recorded future Inc.
- AXIOMSL In
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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