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Risk Analytics Market (Component - Solution, and Services; Deployment Mode - On-premise, and Cloud; Enterprise Size - Large Enterprises, and SMEs; Application - Strategic Risks, Financial Risks, Operational Risks, and Compliance Risks; Industry Vertical - BFSI, IT & Telecom, Retail, Healthcare, Energy & Utilities, Manufacturing, Government & Defense, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : ICT1422

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the risk analytics market provides an in-depth analysis of segments and sub-segments in the global as well as regional risk analytics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional risk analytics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global risk analytics market. According to the report, the global risk analytics market is projected to grow at a CAGR of 15.7% over the forecast period of 2020-2026.


Market Insight

Risk analytics is the process by which the uncertainty of a particular action is determined. For businesses, risk analysis is tremendously crucial in order to be able to predict future negative situations that would normally go unnoticed. Some negative unexpected situations that risk analytics could predict are the cash flow streams in certain industries for businesses, the possible economic states, or even the determination of whether a certain project is expected to be successful. Together with this, a risk analytics tool improves return on capital and reduces the cost involved in regulatory compliance. With enterprises prospering to reduce the catastrophic losses, adoption of risk analytics tools has seen a revolution trend in recent years. Additionally, risk analytics tools help in central clearing of over-the-counter (OTC) derivatives.


Factors that are boosting the risk analytics market growth are the capacity for risk identification, fraud detection, the ability to use the service in order to prevent risks or failures as well as real-time situational awareness. The upsurge in numerous cyber-attacks, fraudulent attacks, and data theft on different business owing to the on-going trend of digitization is the major factors that drive the growth of the global market. The risk analytics market trends comprise a rise in data security breaches in enterprises and an increase in government regulatory compliances are some of the major factors that are anticipated to drive the growth of the market. However, the uncertainty of the accuracy of the information that is being provided through the risk analysis as well as the time it takes in order to carry out the risk analysis are the factors that are restraining the risk analysis market’s growth. Additionally, the current concern over the spread of coronavirus is also expected to have a positive impact on the risk analytics market. Artificial Intelligence (AI) and Natural languages (NL) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire vendors to improve their R&D investments in analytics solutions, acting as a core technology for enabling various initiatives. The analytics industry is expected to confront the pressure associated with cost-efficiency. Usage of new technologies such as AI and NL can help in reducing operating costs, and at the same time, can increase customer satisfaction during the organization's procedures.


Among the geographies, North America region is expected to hold the largest share in the global packaged vegan food market. This can be accredited to technological advancements and a strong presence of market players, particularly in the United States. Furthermore, funding provided to new entrants by venture capitalists is expected to alleviate the competition in the market. Moreover, the Asia Pacific region is anticipated to witness the highest CAGR over the forecast period. The high growth of the regional market can be attributed to the cumulative deployment and adoption of advanced risk analytics solutions. Additionally, the higher potential of the Asia Pacific risk analytics market leads to solution and service providers expanding their presence in the region.


Risk Analytics Market

Segment Covered

The report on the global risk analytics market covers segments such as component, deployment mode, enterprise size, application, and industry vertical. On the basis of component, the sub-markets include solution, and services. On the basis of deployment mode, the sub-markets include on-premise, and cloud. On the basis of enterprise size, the sub-markets include large enterprises, and SMEs. On the basis of application, the sub-markets include strategic risks, financial risks, operational risks, and compliance risks. On the basis of industry vertical, the sub-markets include BFSI, it & telecom, retail, healthcare, energy & utilities, manufacturing, government & defense, and others.


Companies Profiled:

The report provides profiles of the companies in the market such as IBM Corporation, Oracle Corp., SAP SE, SAS Institute, Accenture PLC, Capgemini SE, Verisk Analytics, Inc., AxiomSL, Inc., GuruCul, and Provenir.


Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of risk analytics market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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