The latest report published by IMARC Group, titled “Risk Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on risk analytics market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global risk analytics market size reached US$ 30.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.8 Billion by 2028, exhibiting a growth rate (CAGR) of 15.2% during 2023-2028.
Risk analytics refers to the practice of utilizing data, algorithms, and statistical techniques to assess the uncertainties and risks associated with business decisions. Characterized by features like predictive modeling, risk identification, and real-time analytics, risk analytics aims to provide comprehensive insights into potential hazards. This method employs data-driven tools and mathematical models to analyze variables that could adversely affect an organization’s financial stability or operational efficiency. The properties of risk analytics include high computing speed and the ability to process complex data sets, which make it invaluable for enterprises that need to make data-informed choices swiftly. Among its advantages are the minimization of financial losses, identification of potential threats, and providing actionable insights for decision-making.
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Market Trends:
The global market is primarily driven by the growing emphasis on data-driven decision-making within organizations. In line with this, the increasing number of regulatory requirements is also providing an impetus to the market. Moreover, the escalation in the variety and volume of data generated by businesses is acting as a significant growth-inducing factor. In addition to this, the growing need for enterprises to minimize financial losses related to risks is resulting in higher investment in risk analytics tools. Besides this, the widespread adoption of advanced technologies such as artificial intelligence and machine learning in risk analysis is creating lucrative opportunities in the market. Also, the rising prevalence of cyber threats demanding robust security measures is impacting the market positively. Some of the other factors contributing to the market include the growing focus on customer satisfaction, the competitive landscape encouraging innovation, increased globalization exposing businesses to various forms of risks, and the ongoing development to improve risk analytics algorithms and solutions.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Accenture plc
- BRIDGEi2i Analytics
- Capgemini SE
- FIS
- International Business Machines Corporation
- Moody’s Analytics Inc. (Moody’s Corporation)
- Oracle Corporation
- Risk Edge Solutions Private Limited
- SAP SE
- SAS Institute Inc.
Risk Analytics Market Segmentation:
Our report has categorized the market based on region, component, deployment mode, organization size, application and industry vertical.
Breakup by Component:
- Solution
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Application:
- Strategic Risks
- Financial Risks
- Operational Risks
- Compliance Risks
Breakup by Industry Vertical:
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Energy and Utilities
- Manufacturing
- Government and Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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