Global Risk Analytics Market 2015-2019
About Risk Analytics
Risk analytics is defined as an effective tool to control risk and use various assumption, risk prevention, and risk retention for managing uncertain events. Risk can be financial as well as operational or strategic in nature. Risk analytics started when financial organizations started realising the loss of their information and capital and thus started developing models and formulas to hedge against unforeseen risk and reduce regulatory capital. The risk analytics process includes the risk identification, priority segmentation, and use of internal and external data to measure the risk, information collection, and take the appropriate measures to minimise risk. Also by analysing historical risk patterns, future risks can be predicted and necessary actions and business decisions can be taken. Organizations develop risk models to optimize and mitigate risk which can negatively affect organization's product or services.
TechNavio's analysts forecast the Global Risk Analytics Market to grow at a CAGR of 13.95 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Risk Analytics Market for the period 2015-2019. To calculate the market size, the report considers revenue generated from risk analytics solutions, software, tools, applications, services, support, and maintenance.The report also presents the vendor landscape and a corresponding detailed analysis of the major four vendors in the market. It provides a geographical segmentation of the market for 2014 and details of the major drivers, challenges, and trends in the market. It also provides a segmentation based on analytical solutions, applications and end-users in the market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Risk Analytics Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Risk Analytics Market: IBM Corp., Oracle Corp., SAP AG and SAS Institute Inc.
Other Prominent Vendors in the market are: Accenture, Angoss Software, FICO, FinAnalytica, Fiserv, Mysis, Moody's Analytics, Mu Sigma, Real Time Risk Systems, SunGard Trading and Risk Systems and Teradata
Commenting on the report, an analyst from TechNavio’s team said: “Increased adoption of risk analytics by the BFSI sector is one of the major trends being witnessed in this market. By using and adopting risk analytics solutions, banks can have a complete view of all accounts to better access any risks associated with the account holder's portfolio.”
According to the report, increases in return on investment with the adoption of risk analytics solutions are one of the major drivers of the market. Sectors such as Manufacturing and Healthcare have started adopting risk analytics because of regulatory requirements and to maximize their ROI with minimum risk options. The BFSI sector is the major user of risk analytics as it helps reduce the risks of decision making and gives significant returns.
Further, the report states that complexity in data integration is one of the major challenges confronting the market. A risk analytics solution collects the data from various databases and integrates them with risk analytics applications to predict the future risk for the organization and also helps in improved and timely decision making. This integration process may lead to critical data leakage, which can adversely affect the organization.
IBM Corp., Mu Sigma Inc., Oracle Corp., SAP AG, Accenture, Angoss Software, FICO, FinAnalytica, Fiserv, Mysis, Moody’s Analytics, Real Time Risk Systems, SAS Institute, SunGuard Trading and Risk Systems, Teradata