Bharat Book Bureau Provides the Trending Market Research Report on “Risk Analytics Market by Component (Software (ETL Tools, Risk Calculation Engines, GRC Software) and Services), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027”under Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The global Risk Analytics Market size to grow from USD 39.3 billion in 2022 to USD 70.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. Various factors such as rising government compliance with stringent industry regulation, growing incidences of data thefts and security breaches and increasing complexities across business processes, are expected to drive the adoption of risk analytics solutions and services.
The recent COVID-19 pandemic is projected to have a minimal impact on the growth of the risk analytics market. The adoption of risk analytics solutions has increased among the customer-facing verticals such as retail and eCommerce, BFSI, media and entertainment, and healthcare and life sciences verticals.During the COVID-19 pandemic risk analytics gained significant importance for taking decisions regarding restrictions to reduce transmission. Risk analysis tools such as data-visualization tools gained high demand to effectively assess situation and limit risk of transmission..
The software segment to have
the largest market size during the forecast
period
The Risk analytics market has been segmented based on
components into software and services. The software segment include different
softwares such as ETL tools, risk calculation engines, scorecard and
visualization tools, dashboard analytics and risk reporting tools, and GRC
software, and other softwares (operational risk management, human resource risk
management, and project risk management). The software segment to have the
largest market size during the forecast period. The need to track credit
breaches in near real-time and analyze risk limit breaches by trader, profit
center, and trading desk level lead to adopting risk analytics solutions.
The cloud segment to have the
highest CAGR during the forecast period
The risk analytics market is segmented based on deployment
into the cloud and on-premises. The demand for cloud-based risk analytics
solutions is expected to grow because of the various benefits. Cloud-based
solutions are gaining traction across verticals, and SMEs and organizations are
moving toward cloud-based solutions to reduce the maintenance cost associated
with traditional risk analytics solutions. SMEs majorly adopt the cloud
deployment mode among enterprises due to their budget constraints in deploying
on-premises infrastructure.
Large enterprises segment to
have the largest market size during the forecast period
Based on organization size risk analytics market has been
segmented into large enterprises and SMEs. The market share of large
enterprises is higher; however, the market for SMEs is expected to register a
higher CAGR during the forecast period. Organizations need to adhere to various
regulatory compliances. To deal with challenges, such as business model
sustainability, process efficiency data, reporting, and audit requirement, SMEs
are increasingly adopting risk analytics solutions.
Among regions, APAC to hold
higher CAGR during the forecast period
The risk analytics market has been segmented into five
major regions: North America, Europe, APAC, Latin America, and MEA. North
America is estimated to account for the maximum market share in the total risk
analytics market in 2022 due to various well-established vendors. While APAC is
expected to grow at a good pace oqing to the growing digitalization, business
complexity, and rising cyberattacks and fraudulent activities in the
region.Asia Pacific experiences an extensive inflow of foreign direct
investment. Hence, banks need to take a more active approach to manage and
mitigate the associated risks of financial crimes. This leads to the growth of
the risk analytics market in Asia Pacific.
Browse our full report with Table of Content : https://www.bharatbook.com/report/1361133/risk-analytics-market-by-component-software-etl-tools-risk-calculation-engines-grc-software-and-services-risk-type-strategic-risk-operational-risk-financial-risk-deployment-mode-organization-size-vertical-and-region-global-forecast-to
About
Bharat Book Bureau:
Bharat Book is Your
One-Stop-Shop with an exhaustive coverage of 15,00,000 reports and insights
that includes latest Market Study, Market Trends & Analysis, Forecasts
Customized Intelligence, Newsletters and Online Databases. Overall a
comprehensive coverage of major industries with a further segmentation of 100+
subsectors.
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: www.bharatbook.com