Risk Analytics Market by Component (Services, Software), Risk Type (Financial Risk, Operational Risk, Strategic Risk), Deployment, Vertical - Global Forecast 2024-2030

Risk Analytics Market by Component (Services, Software), Risk Type (Financial Risk, Operational Risk, Strategic Risk), Deployment, Vertical - Global Forecast 2024-2030

The Risk Analytics Market size was estimated at USD 39.62 billion in 2023 and expected to reach USD 44.55 billion in 2024, at a CAGR 12.82% to reach USD 92.18 billion by 2030.

Global Risk Analytics Market

Risk analytics focuses on applying advanced analytics tools and techniques to predict, assess, manage, and mitigate risks in business operations. Increasing regulatory requirements in the global economy have made several business organizations adopt comprehensive risk management strategies to provide compliance with national and international regulations. The increasing use of big data analytics and cloud computing across various businesses has enabled organizations to process large volumes of data faster while leveraging predictive algorithms for better decision-making. However, data privacy and security concerns and a shortage of skilled professionals may impact the use of risk analytics solutions by end-users worldwide. The ongoing development of AI-driven predictive risk models capable of understanding complex patterns within large datasets can enhance the ability of risk analytics solutions to identify emerging risks, provide early warning signals, and accelerate their deployment across various business organizations across the globe.

Regional Insights

The risk analytics market is evolving in the Americas owing to the well-established economies and multinational corporations requiring advanced risk management systems. Moreover, stringent regulations and compliance requirements compel businesses in the Americas to adopt comprehensive risk assessment tools to mitigate potential financial losses. The growing need to tackle increasing cybersecurity threats has created substantial demand for cyber-risk analytics tools in the APAC region. Significant development of banking and finance services industry (BFSI), healthcare, retail, and eCommerce sectors, necessitates effective risk management practices in the APAC region. The EMEA region represents a diverse demand for risk analytics solutions due to emphasis of businesses on high data protection and privacy standards. Moreover, technological advancements in risk analytics solutions to improve the efficiency of risk analysis and mitigation are anticipated to propel the adoption of risk analytics solutions by the end-use sectors across the globe.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Risk Analytics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Risk Analytics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Risk Analytics Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, BRIDGEi2i Analytics Solutions by Analytics Insight, Capgemini SE, Cloud Software Group, Inc., Fidelity National Information Services, Inc., Finastra by Turaz Global S.A.R.L., Genpact LLC, GURUCUL, International Business Machines Corporation, LexisNexis Risk Solutions, Marsh LLC, Moody’s Analytics, Inc., OneSpan Inc., Oracle Corporation, Provenir Group, Recorded Future, Inc., Risk Edge Solutions, Riskonnect, Inc., RSM UK Group LLP, SAP SE, SAS Institute, Inc., Sphera Solutions, Inc., TATA Consultancy Services Limited, TIBCO by Cloud Software Group, Inc., Verisk Analytics, Inc., and VK Company Limited.

Market Segmentation & Coverage

This research report categorizes the Risk Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Managed Services
Professional Services
Software
Dashboard Analytics & Risk Reporting Tools
ETL Tools
GRC Software
Scorecard & Visualization Tools
Risk Type
Financial Risk
Operational Risk
Strategic Risk
Deployment
On-Cloud
On-Premises
Vertical
Banking & Financial Services
Energy & Utilities
Government & Defense
Healthcare & Life Sciences
Insurance
IT & Telecom
Manufacturing
Retail & Consumer Goods
Transportation & Logistics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Risk Analytics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Risk Analytics Market?
3. What are the technology trends and regulatory frameworks in the Risk Analytics Market?
4. What is the market share of the leading vendors in the Risk Analytics Market?
5. Which modes and strategic moves are suitable for entering the Risk Analytics Market?

Note: PDF & Excel + Online Access - 1 Year