HOME Top Market Reports Risk Analytics Market by Software (ETL Tools, Risk Calculation Engines, Scorecard & Visualization Tools, Dashboard Analytics & Risk Reporting Tools, GRC Software, & Others), Service, Application, Vertical, & by Region - Global Forecast to 2021

Risk Analytics Market by Software (ETL Tools, Risk Calculation Engines, Scorecard & Visualization Tools, Dashboard Analytics & Risk Reporting Tools, GRC Software, & Others), Service, Application, Vertical, & by Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: June 2016
Report Code: TC 2572

 

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The global risk analytics market is estimated to grow from USD 16.55 Billion in 2016 to USD 30.18 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.8%. The objectives of the report are to define, describe, and forecast the global market on the basis of software, services, applications, verticals, and region, to provide detailed information regarding the key factors influencing market growth (drivers, restraints, opportunities, and challenges), and to forecast the market size of market segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The base year considered for the study is 2015 and the market size is projected for the period 2016 to 2021.

The research methodology used to estimate and forecast the risk analytics market, which begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Risk Analytics Market

To know about the assumptions considered for the study, download the pdf brochure

The risk analytics ecosystem comprises risk analytics software and associated service providers, risk assessment and analysis services providers, system integrators, value-added resellers, and cloud-based risk analytics service providers. Risk analytics solution providers include prominent vendors such as IBM Corporation (New York, U.S.), SAP SE (Walldorf, Germany), SAS Institute, Inc. (North Carolina, U.S.), Oracle Corporation (California, U.S.), FIS Global (Florida, U.S.), Accenture PLC (Dublin, Ireland) and others, which cater to the unique business requirements of the end-users.

Key Target Audience:

  • Risk Analytics Vendors
  • Risk Engine Solution Providers
  • GRC Solution Providers
  • Risk Assessment Service Providers
  • Consulting Companies
  • Value-Added Reseller

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report segments the risk analytics market into the following submarkets:

By Software:

  • Extract, Transform, and Load Tools
  • Risk Calculation Engines
  • Scorecard and Visualization Tools
  • Dashboard Analytics and Risk Reporting Tools
  • GRC Software
  • Others

By Service:

  • System Integration Service
  • Support and Maintenance Service
  • Risk Assessment and Analysis Service

By Application:

  • Fraud Detection and Prevention
  • Liquidity Risk Analysis
  • Credit Risk Management
  • Real Time Situational Awareness
  • Industry Benchmarking and Validation
  • Others

By Vertical:

  • Banking and Financial Services
  • Insurance
  • Manufacturing
  • Logistics and Transportation
  • Retail and Consumer Packaged Goods (CPG)
  • Telecommunication and IT
  • Government
  • Healthcare
  • Energy and Utilities
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American risk analytics market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Industry Insights
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Risk Analytics Market
    4.2 Risk Analytics Market, By Application
    4.3 Risk Analytics Market, By Service
    4.4 Global Risk Analytics Market, By Vertical and Region, 2016
    4.5 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Software
           5.3.2 By Service
           5.3.3 By Application
           5.3.4 By Vertical
           5.3.5 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Competitive Pressure on Smes
                    5.4.1.2 Global Regulatory Frameworks and Government Policies
           5.4.2 Restraints
                    5.4.2.1 High Costs of Investment
           5.4.3 Opportunities
                    5.4.3.1 Emergence of Real-Time and On-Demand Risk Analytics
                    5.4.3.2 Risk of Business Transformation
           5.4.4 Challenges
                    5.4.4.1 Lack of Knowledge and Skilled Personnel

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking

7 Risk Analytics Market Analysis, By Software (Page No. - 42)
    7.1 Introduction
    7.2 Extract, Transform, and Load Tools
    7.3 Risk Calculation Engines
    7.4 Scorecard and Visualization Tools
    7.5 Dashboard Analytics and Risk Reporting Tools
    7.6 Governance, Risk, and Compliance Software
    7.7 Others

8 Risk Analytics Market Analysis, By Service (Page No. - 48)
    8.1 Introduction
    8.2 System Integration Services
    8.3 Support and Maintenance Services
    8.4 Risk Assessment and Analysis Services

9 Risk Analytics Market Analysis, By Application (Page No. - 52)
    9.1 Introduction
    9.2 Fraud Detection and Prevention
    9.3 Liquidity Risk Analytics
    9.4 Credit Risk Management
    9.5 Real-Time Situational Awareness
    9.6 Industry Benchmarking and Validation
    9.7 Others

10 Risk Analytics Market Analysis, By Industry Vertical (Page No. - 58)
     10.1 Introduction
     10.2 Banking and Financial Services
     10.3 Insurance
     10.4 Manufacturing
     10.5 Logistics and Transportation
     10.6 Retail and Consumer Packaged Goods
     10.7 Telecommunication and It
     10.8 Government
     10.9 Healthcare
     10.10 Energy and Utilities
     10.11 Others

11 Geographic Analysis (Page No. - 71)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 88)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 New Product Launches
             12.2.2 Partnerships, Agreements, and Collaborations
             12.2.3 Mergers and Acquisitions
             12.2.4 Expansions

13 Company Profiles (Page No. - 95)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 IBM Corporation
     13.3 SAP SE
     13.4 SAS Institute, Inc.
     13.5 Oracle Corporation
     13.6 FIS Global
     13.7 Verisk Analytics, Inc.
     13.8 Moody’s Analytics, Inc.
     13.9 Axiomsl
     13.10 Accenture PLC
     13.11 Fair Isaac Corporation (FICO)

14 Key Innovators (Page No. - 120)
     14.1 Misys
     14.2 Numerix LLC

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 123)
     15.1 Key Industry Insights
     15.2 Other Key Developments
             15.2.1 New Product Launches
             15.2.2 Partnerships, Expansions, and Collaboration
             15.2.3 Mergers and Acquisitions
     15.3 Discussion Guide
     15.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.5 Introducing RT: Real-Time Market Intelligence
     15.6 Available Customizations
     15.7 Related Reports


List of Tables (70 Tables)

Table 1 Risk Analytics Market Size, 2014–2021 (USD Million)
Table 2 Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 3 Extract, Transform, and Load Tools: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 4 Risk Calculation Engines: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 5 Scorecard and Visualization Tools: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 6 Dashboard Analytics and Risk Reporting Tools: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 7 Governance, Risk, and Compliance Software: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 8 Others: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 9 Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 10 System Integration Services: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 11 Support and Maintenance Services: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 12 Risk Assessment and Analysis Services: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 13 Risk Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 14 Fraud Detection and Prevention: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 15 Liquidity Risk Analytics: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 16 Credit Risk Management: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 17 Real-Time Situational Awareness: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 18 Industry Benchmarking and Validation: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 19 Others: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 20 Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 21 Banking and Financial Services: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 22 Banking and Financial Services: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 23 Insurance: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 24 Insurance: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 25 Manufacturing: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 26 Manufacturing: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 27 Logistics and Transportation: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 28 Logistics and Transportation: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 29 Retail and Consumer Packaged Goods: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 30 Retail and Consumer Packaged Goods: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 31 Telecommunication and It: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 32 Telecommunication and It: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 33 Government: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 34 Government: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 35 Healthcare: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 36 Healthcare: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 37 Energy and Utilities: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 38 Energy and Utilities: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 39 Others: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 40 Others: Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 41 Risk Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 42 North America: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 43 North America: Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 44 North America: Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 45 North America: Risk Analytics Market Size, By Application, 2014–2021(USD Million)
Table 46 North America: Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 47 Europe: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 48 Europe: Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 49 Europe: Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 50 Europe: Risk Analytics Market Size, By Application, 2014–2021(USD Million)
Table 51 Europe: Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 54 Asia-Pacific: Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Risk Analytics Market Size, By Application, 2014–2021(USD Million)
Table 56 Asia-Pacific: Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 57 Middle East and Africa: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 58 Middle East and Africa: Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 59 Middle East and Africa: Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Risk Analytics Market Size, By Application, 2014–2021(USD Million)
Table 61 Middle East and Africa: Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 62 Latin America: Risk Analytics Market Size, By Software and Service, 2014–2021 (USD Million)
Table 63 Latin America: Risk Analytics Market Size, By Software, 2014–2021 (USD Million)
Table 64 Latin America: Risk Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 65 Latin America: Risk Analytics Market Size, By Application, 2014–2021(USD Million)
Table 66 Latin America: Risk Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 67 New Product Launches, 2012–2016
Table 68 Partnerships, Agreements, and Collaborations, 2013–2016
Table 69 Mergers and Acquisitions, 2012–2016
Table 70 Expansions, 2012–2016


List of Figures (49 Figures)

Figure 1 Global Risk Analytics Market: Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Scorecard and Visualization Tools Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 7 Support and Maintenance Service Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Risk Analytics Software Segment is Expected to Grow at A High CAGR During the Forecast Period
Figure 9 North America is Expected to Lead the Risk Analytics Market in 2016
Figure 10 Growing Importance of Regulatory Frameworks and Government Policies are Driving the Growth of Risk Analytics Market
Figure 11 Credit Risk Management is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 12 Risk Assessment and Analysis Service Segment Contributes the Largest Market Share Among the Service Types
Figure 13 Banking and Financial Services By Vertical and North America By Region are Expected to Account for the Highest Share.
Figure 14 Risk Analytics Regional Lifecycle: Asia-Pacific Exhibits Potential Growth During the Forecast Period
Figure 15 Risk Analytics Market: Evolution
Figure 16 Risk Analytics Market Segmentation: By Software
Figure 17 Risk Analytics Market Segmentation: By Service
Figure 18 Risk Analytics Market Segmentation: By Application
Figure 19 Risk Analytics Market Segmentation: By Vertical
Figure 20 Risk Analytics Market Segmentation: By Region
Figure 21 Risk Analytics: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Risk Analytics Market: Value Chain
Figure 23 Strategic Benchmarking
Figure 24 Governance, Risk, and Compliance Software Segment is Expected to Dominate the Market Throughout the Forecast Period
Figure 25 Support and Maintenance Services Segment to Grow at A High Rate During the Forecast Period
Figure 26 Real-Time Situational Awareness Segment to Grow at A High Rate During the Forecast Period
Figure 27 Manufacturing Vertical is Expected to Gain the Highest Traction During the Forecast Period
Figure 28 Asia-Pacific is Expected to Grow at the Highest Rate, Closely Followed By Middle East and Africa
Figure 29 Asia-Pacific is Expected to Exhibit the Highest Growth Rate Due to the Presence of Large Number of Small and Medium Enterprises
Figure 30 North America Market Snapshot
Figure 31 Asia-Pacific Market Snapshot
Figure 32 Companies Adopted New Product Launches, Partnerships, and Acquisitions as Key Growth Strategies During 2013–2016
Figure 33 Market Evaluation Framework
Figure 34 Battle for Market Share: New Product Launch is the Key Strategy
Figure 35 Geographic Revenue Mix of Top Market Players
Figure 36 IBM Corporation: Company Snapshot
Figure 37 IBM Corporation: SWOT Analysis
Figure 38 SAP SE: Company Snapshot
Figure 39 SAP SE: SWOT Analysis
Figure 40 SAS Institute, Inc.: Company Snapshot
Figure 41 SAS Institute, Inc.: SWOT Analysis
Figure 42 Oracle Corporation: Company Snapshot
Figure 43 Oracle Corporation: SWOT Analysis
Figure 44 FIS Global: Company Snapshot
Figure 45 FIS Global: SWOT Analysis
Figure 46 Verisk Analytics, Inc.: Company Snapshot
Figure 47 Moody’s Analytics, Inc.: Company Snapshot
Figure 48 Accenture PLC: Company Snapshot
Figure 49 Fair Isaac Corporation (FICO): Company Snapshot

MarketsandMarkets forecasts the risk analytics market to grow from USD 16.55 Billion in 2016 to USD 30.18 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.8%. In the last 5 years, risk analytics solutions have significantly evolved due to the organizational need to accelerate and streamline risk processes in order to reduce cost from credit losses and manage operational risk. The market is driven by factors such as the increasing competitive pressure on SMEs and global regulatory frameworks and government policies.

The scope of this report covers the market by software, service, application, vertical, and region. The Governance, Risk, and Compliance (GRC) software is expected to have the largest market share and dominate the risk analytics market from 2016 to 2021. This is because GRC software allows organizations to identify, manage, monitor, and analyze risk and compliance across the enterprise in a single integrated solution. The scorecard and visualization tool software is expected to play a key role in changing the risk analytics landscape and is expected to grow at the highest CAGR during the forecast period.

Risk assessment and analysis service segment is expected to dominate the risk analytics market and is expected to contribute to the largest market share, whereas support and maintenance service segment is expected to grow at the highest rate during the forecast period. The real-time situational awareness application segment is estimated to grow at the highest CAGR during the forecast period as it assists in emergency situations through interactive, integrated data analysis and visualization, and can help in minimizing the impact of unexpected hazardous events.

The risk analytics software and services are being increasingly adopted in various verticals, such as manufacturing, banking and financial services, healthcare, and telecommunication and IT, which have led to the growth of the market across the globe. The manufacturing sector is expected to grow with the highest rate from 2016 to 2021 in the market. This is so because of the dynamic expectations of customers, tough competition, and strict regulatory frameworks. The risk of fraud is rapidly growing in the banking and financial service vertical and the extent of losses arising from fraudulent cases is increasing at a phenomenal rate, globally. This has led the banking and financial services sector to dominate the risk analytics market with the highest market share in 2016.

Risk Analytics Market

North America is expected to have the largest market share and dominate the risk analytics market from 2016 to 2021, due to the presence of a large number of software and service providers in the U.S. and stern non-compliance measures adopted by the government and various regulatory bodies in this region. APAC offers potential growth opportunities, due to increasing technological penetration and presence of large number of SMEs, which are under tremendous competitive pressure.

However, the high costs of investments associated with the risk analytics solutions are acting as the restraining factors for the market growth. Though risk analytics solutions have evolved in the recent years, lack of knowledge about these solutions and lack of skilled personnel for such solutions have always been a major challenge for this market. The major vendors in the risk analytics market include IBM Corporation (New York, U.S.), SAP SE (Walldorf, Germany), SAS Institute, Inc. (North Carolina, U.S.), Oracle Corporation (California, U.S.), FIS Global (Florida, U.S.), and Verisk Analytics, Inc. (New Jersey, U.S.) along with others. These players adopted various strategies such as new product launches, partnerships, agreements, collaborations, mergers & acquisitions, and business expansions to cater to the needs of the market. The report also includes key innovators in the market, such as Misys (London, U.K.) and Numerix, LLC (New York, U.S.).

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