Global Market for Risk Analytics is Anticipated to grow at a Substantial Rate i.e., USD 66.7 Billion during the Forecast Period 2025 - 2030

Published Date: Jun, 2021

The global risk analytics market is expected to witness a CAGR of 14.9% during the forecast period 2025-2030. Factors such as stringent industry regulations, rise in digitalization and business process automation, rise in complexities across business processes, growing data and security breaches are anticipated to drive the adoption of risk analytics solutions and services. Furthermore, the use of risk analytics by financial institutions and the growth in the IoT landscape, increase in demand from emerging economies, and integration of artificial intelligence in risk analytics will propel the risk analytics market globally.

The COVOD-19 outburst has hampered the growth of the risk analytics market and had caused structural shifts, owing to the complex nature of regulatory compliance and deteriorating economic conditions. However, many government entities like government organizations, policymakers are measuring risk across the globe and track the spread of the coronavirus in real-time by risk analytics services.

IBM Security will launch a new risk-based solution that will assist firms in applying analytics to cybersecurity spending priorities, as well as regular business decisions. It will assist clients in identifying, prioritizing, and quantifying security risk as they consider options for new technology, business investments, and process changes.

Browse 53 market data Tables and 35 Figures spread through 205 Pages and in-depth TOC on " Risk Analytics Market by Component (Software and Services), by Deployment (On-Premise and On-Demand), by Vertical (BFSI, Transportation and Logistics, Manufacturing, IT and Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Energy & Utilities, Government & Defense, and Others), and Region - Global Forecast to 2030"

Banking and Financial Services segment to witness the largest market size over the forecast period

Based on vertical, the market is divided into BFSI, transportation and logistics, manufacturing, IT and telecom, retail and consumer goods, healthcare and life sciences, energy and utilities, government and defense, and others. Risk analysis can help banks and financial services organizations reduce risk. It enables account managers and product owners to get a comprehensive view of client accounts (including personal and business accounts) to better assess the risks associated with individual client activities and investment portfolios.

Global Risk Analytics Market Segmentation and Key Players

Segment / Key Players

Categorization

Component

Software and Services

Deployment

On-Premise and On-Demand

Vertical

BFSI, Transportation and Logistics, Manufacturing, IT and Telecom, Retail & Consumer Goods, Healthcare & Life Sciences, Energy & Utilities, Government & Defence, and Others

Key Players

Fidelity National Information, Services Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Moody's Corporation, Verisk Analytics, Inc., Axiomsl, Inc., Gurucul, Provenir and Risk Edge Solutions

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Asia-Pacific: The fastest-growing regional market

The Asia Pacific is anticipated to have lucrative growth opportunities for the risk analytics market as there is a rising investment by companies in risk analytics, favorable government policies and regulations, and the need for security and data storage which will propel the market growth in the region.

Some of the key players operating in the risk analytics industry are Fidelity National Information Services Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Moody's Corporation, Verisk Analytics, Inc., Axiomsl, Inc., Gurucul, Provenir, and Risk Edge Solutions.

Global Risk Analytics Market Coverage

Component Insight and Forecast 2018-2030

  • Software
  • Services

Deployment Insight and Forecast 2018-2030

  • On-Premise
  • On-Demand

Vertical Insight and Forecast 2018-2030

  • BFSI
  • Transportation and Logistics
  • Manufacturing
  • IT and Telecom
  • Retail & Consumer Goods
  • Healthcare & Life Sciences
  • Energy & Utilities
  • Government & Defence
  • Others

Geographical Segmentation

Risk Analytics Market by Region

North America

  • By Component
  • By Deployment 
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Deployment  
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Deployment
  • By Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Deployment
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries