About Risk Analytics
Increasing demand for risk analytics because it presents unique opportunities to better identify, measure, and mitigate risk. Risk analytics is the process of accessing the likelihood of an adverse event occurring in government, corporate and environmental sectors. It is the study of the underlying uncertainty of a given course of action. Risk can be analyzed using several approaches including those that fall the two categories such as qualitative & quantitative analysis. Under this there are several terms falls such as the uncertainty of forecasted future cash flows streams, the variance of portfolio or stock returns, statistical analysis to determine the probability of projects, and possible future economic states. It is extremely important due to the rise of big data, computing power, and advanced analytics that enables companies to gain valuable insights from data.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that North America and Europe Players will contribute the maximum growth to Global Risk Analytics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Oracle (United States), Axiomsl (United States), McKinsey (United States), SAP (Germany), SAS Institute (United States), Recorded Future, Inc. (United States), Moody's (United States), Cisco Systems (United States), Verisk Analytics (United States), DataFactZ (United States), Axiom SL (United States), Misys (United Kingdom), Provenir (United States), Crisil (India) and Risk Edge Solutions (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Risk Analytics market by , Application (Credit Risk Management, Fraud Detection and Prevention, Industry Benchmarking and Prevention and Others) and Region.
On the basis of geography, the market of Risk Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Risk Types, the sub-segment i.e. Strategic Risk will boost the Risk Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software Offered, the sub-segment i.e. ETL Tools will boost the Risk Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User Industries , the sub-segment i.e. BFSI will boost the Risk Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Cloud-Based will boost the Risk Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services , the sub-segment i.e. Consulting Services will boost the Risk Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Risk Analytics is Trending in Banking and Financial Sectors for Fraud Detection and Prevention, Trending in Government Agencies for Weather Prediction, Border Management and Decision Making and Risk Analytics Are Improves Decision Making By Providing Risk Analysis, Insight and Transparency
Market Growth Drivers:
Increasing Demand for Risk Analytics Owing to the Rise of Big Data, Computing Power Which Enables Companies to Gain Valuable Insights from Data and Advanced Risk Analytics Create Alerts to Monitor for Anomalies and Outliers in Real-Time
Challenges:
Data Privacy and Security Associated with Risk Analytics and The Results of Quantitative Risk Analysis Methods are May not be Precise
Restraints:
High Installation Cost of Risk Analytics Software
Opportunities:
Technology Advancement & Development in Machine Learning and Internet of Things and Increasing Opportunities in Healthcare Sector to Ensure Food Safety and Reduce the Risk of Drug Contamination
Market Leaders and their expansionary development strategies
In July 2021, leading software investment firm Thoma Bravo merges with Calypso Technology Inc., a provider of cloud-enabled, cross-asset, front-to-back solutions for the financial markets, and established portfolio company AxiomSL, a leading provider. I did. Regulatory reporting and risk management solutions for financial institutions. The merger follows the previously announced completion of Thoma Bravo's acquisition of Calypso.
In September 2019, Willis Tower Watson, a multinational risk management company launched a new advisory capability to help chief financial officers and risk managers reduce volatility and minimize their total cost of risk.
Key Target Audience
Risk Analytics Software Provider, Risk Analytics Service Provider, Research and Development Institutes, Cyber Security Company, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.