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Risk Analytics Market by Software Type (ETL, Risk Calculation Engines, Scorecard and Visualization), Service, Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024

Risk Analytics Market by Software Type (ETL, Risk Calculation Engines, Scorecard and Visualization), Service, Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024

“Increasing level of complexity across business processes, and rising digitalization & business process automation is expected to drive the overall growth of risk analytics market”
The risk analytics market size is expected to grow from USD 23.0 billion in 2019 to USD 45.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. The risk analytics market is driven by various factors, such as increasing complexities across business processes, and rising digitalization & business process automation. However, the integration of data from data silos can hinder the growth of the market.

Services segment to grow at the highest CAGR during the forecast period
The risk analytics market is segmented based on component into software and services. The services segment is expected to grow at a rapid pace during the forecast period. The growth of this segment can be attributed to the growing complexities among businesses, and the introduction of new regulatory norms & compliance leads to increasing demand for professional as well as managed services.

Banking & financial services segment to gain maximum market size during the forecast period
The risk analytics market, based on vertical, has been segmented into banking & financial services, insurance, manufacturing, transportation & logistics, retail & consumer goods, IT & telecom, government & defense, healthcare & life sciences, energy & utilities, and others (travel & hospitality, academia & research, media & entertainment, agriculture, and real estate). The growth of the BFSI segment is attributed to the rising need to minimize the risk associated with governance & compliance requirements, and growing need to obtain a unified view of risk across the organizations.

Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period
APAC is expected to have the highest growth rate during the forecast period, due to faster adoption of digital technologies, and increasing data & security breaches. Various industries in the APAC region are forefront at the adoption of risk analytics solutions to ensure the smooth running of various business operations. APAC also offers lucrative opportunities for the growth of the market. Favorable government policies that support the growth of the market, as well as flexible economic conditions, are likely to support the growth of the market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation & technology directors, and executives from various key organizations operating in the risk analytics marketplace.
By Company: Tier I - 27%, Tier II - 48%, and Tier III – 25%
By Designation: C-Level - 46%, Director Level - 35%, and Others - 19%
By Region: North America - 30%, APAC - 40%, Europe - 20%, MEA - 5%, and Latin America - 5%

The report includes the study of the key players offering risk analytics solutions and services. The major risk analytics vendors include IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), FIS (US), Moody’s Corporation (US), Verisk Analytics, Inc. (US), AxiomSL, Inc. (US), Gurucul (US), Provenir (US), Risk Edge Solutions (India), BRIDGEi2i Analytics Solutions (India), Recorded Future, Inc. (US), DataFactZ (US), and Digital Fineprint (England). The study includes an in-depth competitive analysis of these key players in the risk analytics market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The market study covers the risk analytics market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, such as component, type, Organization size, deployment mode, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall risk analytics market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table GLOBAL RISK ANALYTICS MARKET SIZE AND GROWTH RATE, 2017–2024 (USD BILLION AND Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE RISK ANALYTICS MARKET
    • RISK ANALYTICS MARKET: TOP 3 VERTICALS
    • RISK ANALYTICS MARKET: TOP 3 RISK TYPES AND REGIONS
    • RISK ANALYTICS MARKET, BY VERTICAL
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • INTRODUCTION
    • REGULATORY IMPLICATIONS
      • INTRODUCTION
      • ISO 31000 2009: RISK MANAGEMENT PRINCIPLES AND GUIDELINES
      • ISO/IEC 31010:2009: RISK MANAGEMENT–RISK ASSESSMENT TECHNIQUES
      • GRC CAPABILITY MODEL 3.0 (RED BOOK)
      • COMMITTEE OF SPONSORING ORGANIZATIONS: ENTERPRISE RISK MANAGEMENT FRAMEWORK
      • BASEL
  • RISK ANALYTICS MARKET, BY COMPONENT
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
    • SOFTWARE
      • Table SOFTWARE: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
    • SERVICES
  • RISK ANALYTICS MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
    • CLOUD
      • INCREASING NEED TO MANAGE DATA SILOS WITH THE HELP OF CLOUD-BASED RISK ANALYTICS SOLUTIONS
    • ON-PREMISES
      • ADVANTAGES OF DATA PRIVACY AND SECURITY TO HELP ACCELERATE THE GROWTH OF THE ON-PREMISES DEPLOYMENT MODE
  • RISK ANALYTICS MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
    • LARGE ENTERPRISES
      • REGULATIONS ARE KEY ENABLERS FOR LARGE ENTERPRISES TO ADOPT ANALYTICAL SOLUTIONS
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • COST-EFFICIENT CLOUD-BASED SOLUTIONS TO DRIVE THE ADOPTION OF RISK ANALYTICS SOLUTIONS IN SMALL AND MEDIUM-SIZED ENTERPRISES
  • RISK ANALYTICS MARKET, BY RISK TYPE
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
    • STRATEGIC RISK
      • RAPID TECHNOLOGICAL CHANGES TO DRIVE THE ADOPTION OF RISK ANALYTICS SOLUTION FOR STRATEGIC RISK MANAGEMENT
    • OPERATIONAL RISK
      • NEED TO STREAMLINE THE PROCESS OF OPERATIONAL RISK MANAGEMENT CREATING DEMAND FOR RISK ANALYTICS SOLUTIONS
    • FINANCIAL RISK
      • GROWING NEED TO MEET FINANCIAL EXPECTATIONS OF SHAREHOLDERS TO CREATE DEMAND FOR RISK ANALYTICS SOLUTIONS
    • OTHERS
  • RISK ANALYTICS MARKET, BY VERTICAL
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
    • BANKING AND FINANCIAL SERVICES
      • COMPLEXITY OF REGULATORY REQUIREMENTS TO DRIVE THE ADOPTION OF RISK ANALYTICS FOR BANKING AND FINANCIAL SERVICES
    • INSURANCE
      • INSURANCE VERTICAL TO DEPLOY RISK ANALYTICS SOLUTIONS TO QUICKLY TRANSFORM DATA INTO ACTIONABLE INSIGHTS
    • MANUFACTURING
      • INCREASING CYBERATTACKS TO FUEL THE ADOPTION OF RISK ANALYTICS IN THE MANUFACTURING VERTICAL
    • TRANSPORTATION AND LOGISTICS
      • TRANSPORTATION AND LOGISTICS ADOPTING RISK ANALYTICS TO TACKLE CHALLENGES ASSOCIATED WITH MANAGING CLAIMS AND ENSURING FLEET SAFETY
    • RETAIL AND CONSUMER GOODS
      • RETAIL AND CONSUMER GOODS TO ADOPT RISK ANALYTICS SOLUTIONS TO IDENTIFY FRAUD
    • IT AND TELECOM
      • GROWING NEED TO ANALYZE LARGE VOLUMES OF DATA CREATING THE DEMAND FOR RISK ANALYTICS SOLUTIONS IN THE IT AND TELECOM VERTICAL
    • GOVERNMENT AND DEFENSE
      • RISK ANALYTICS TO BECOME CRUCIAL FOR PROPER RESOURCE ALLOCATION IN THE GOVERNMENT AND DEFENSE VERTICAL
    • HEALTHCARE AND LIFE SCIENCES
      • HEALTHCARE VERTICAL TO DEPLOY RISK ANALYTICS SOLUTIONS TO DELIVER ENHANCED EXPERIENCE TO PATIENTS WHILE COMPLYING WITH REGULATIONS
    • ENERGY AND UTILITIES
      • CHANGING POLITICAL CONDITIONS AND ECONOMIC ENVIRONMENT TO DRIVE THE ADOPTION OF RISK ANALYTICS IN THE ENERGY AND UTILITIES VERTICAL
    • OTHERS
  • RISK ANALYTICS MARKET, BY REGION
    • INTRODUCTION
      • Table RISK ANALYTICS MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: RISK ANALYTICS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY COMPONENT 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
      • Table EUROPE: RISK ANALYTICS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: RISK ANALYTICS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: RISK ANALYTICS MARKET SIZE, BY SUB-REGION, 2017–2024 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY SOFTWARE TYPE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY RISK TYPE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: RISK ANALYTICS MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARIES
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • INTRODUCTION
    • IBM
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAS INSTITUTE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FIS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MOODY'S ANALYTICS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • VERISK ANALYTICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AXIOMSL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • GURUCUL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • PROVENIR
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
    • RISK EDGE SOLUTIONS
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BRIDGEI2I
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
    • DATAFACTZ
    • RECORDED FUTURE
    • DIGITAL FINEPRINT
  • APPENDIX
    • INDUSTRY EXCERPTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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