Risk Analytics Market Research Report
Global Risk
Analytics Market
The GMI Research expects that the
Risk
Analytics Market will notice an augmentation in demand over the forecast
period. This is mainly due to the increasing potential of damages owing to the
lack of ability to fulfill the financial goals, accelerating penetration of
smartphones, ATMs, and internet banking.
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Introduction of the Risk Analytics
Market
Risk Analytics helps
organizations to be informed of the existent and forthcoming risks to take
preventive decisions. The tool enables the organization to raise the
performance of its business by identifying the risk associated with any events
and evading system failure.
Key Players of Market:
·
Fidelity National Information Services, Inc.
(FIS)
·
Moody’s Analytics
·
Provenir
·
Microsoft Corporation
·
Oracle Corporation
·
SAP SE
·
Verisk Analytics
·
AxiomSL, Inc.
·
Gurucul
Risk Analytics Market Dynamics
The factors accountable for the
growth in the global risk
analytics market include the rapid digitalization and integration of
advanced technologies like artificial intelligence, IoT, blockchain in risk
analysis. Also, the increasing complications across industrial procedures and
the escalating apprehension against data protection will further strengthen the
risk analytics market size. For example,
risk analytics aid the Banking industry to evaluate risk and obliterate it to
enhance customer understanding. In addition, capitulation with rigorous
industrial norms and policies such as Basel II/III, consumer protection act,
Dadd-frank wall street reform is stimulating the market demand. However,
inadequate consciousness about risk analytics tools and inflated installation
costs will hinder the market share.
Component Segment Drivers
As per the risk analytics market
research report, based on the component, the software is projected to expand at
a faster growth over the forecast period. This is because the software includes
modernized technology platforms to address the diverse scenarios and
complexities. In addition, their potential to elevate business assessments and
supervise efficiency along conventional analytics will propel the market
demand. The sophisticated techniques of risk analysis are largely used to
manage vast data quantity.
Regional Drivers
On the basis of regional
coverage, North America is predicted to maintain its dominance over the coming
years. This is due to the rising applications of risk governing technologies by
several industries. The elevating inclination of organizations to execute
existing risk strategies to reduce risks may add to the market growth.
Furthermore, as per the risk analytics market statistics, modern technologies
such as machine learning, robotic process automation (RPA), and cognitive
analysis are increasingly integrated by vendors to reshape risk and enhance
business efficiency by testing a massive amount of unstructured data
automatically.
Risk Analytics Market Segmentation:
Segmentation by Component
·
Software
·
Service
Segmentation by Deployment Mode
·
On-Cloud
·
On-Premises
Segmentation by Organisation Size
·
Small and Medium Enterprise
·
Large Enterprise
Segmentation by Risk Type
·
Strategic Risk
·
Operation Risk
·
Financial Risk
·
Others
Segmentation by Verticals
·
BFSI
·
IT and Telecommunication
·
Manufacturing
·
Transportation and Logistics
·
Government and Public Sector
·
Retail
·
Healthcare
·
Others
Segmentation by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
UAE
o
Brazil
o
South Africa
o
Saudi Arabia
About
GMI Research
A consulting and market research
company offering enterprises with business insights and market research
reports. The team collects all the information about different industries with
the help of internal and external databases. The emphasis of the organisation
remains to acknowledge our clients with the approaching opportunities and
challenges faced by different industries. The team of experienced analysts
assists clients to recognize the influence of market size, share, drivers,
growth opportunities, etc.. We offer a complete guidance to our clients to help
them take a managerial and actionable decision. Our organisation got
spotlighted in the Silicon India Magazine list published in 2018 as the Most
Promising Market.
Media Contact
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Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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