Risk Analytics - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Risk Analytics market is expected to grow from $ 13.72 billion in 2016 to reach $ 41.89 billion by 2023 with a CAGR of 17.2%. Growing demand for risk management among industries, rising need for accepting new technologies for smoother operations are fuelling the market. On the other hand, huge cost in implementing new technologies, shortage of analytical experts is hindering the market.
On-premises has acquired highest growth rate and the growth is attributed to the organisations using this in more number as it provides confidentiality to the data. By application, insurance segment is leading the market as it gives convenient data about customer value chain and also helps in reducing insurance frauds. North America is dominating the risk analytics market due to the acceptance of risk analytics solutions by various organisations to reduce losses.
Some of the key players in global risk analytics market include Verisk Analytics, Inc, SAS Institute Inc, SAP SE, Risk Edge Solutions, Provenir, Oracle Corporation, Moody's Corporation, Misys, International Business Machines Corporation, Gurucul, Fidelity National Information Services Inc, Axiomsl, Inc, Mu Sigma, Teradata and Sybase.
Components Covered: • Services Managed Services Professional Services • Software Scorecard and Visualization Tools GRC Software Etl Tools Dashboard Analytics and Risk Reporting Tools Risk Calculation Engines Other Softwares
End Users Covered: • Transportation and Logistics • Government and Defense • Banking and Financial Services • Energy and Utilities • Manufacturing • IT and Telecom • Insurance • Healthcare and Life Sciences • Retail and Consumer Goods • Communications • Media and Entertainment • Other End Users
Solution Types Covered: • Risk reporting • Information Extraction • Compliance • Analytical Engines • Other Solution Types
Regions Covered: • North America US Canada Mexico • Europe Germany France Italy UK Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific • Rest of the World Middle East Brazil Argentina South Africa Egypt
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements