Risk Analytics Market by Software Type (ETL, Risk Calculation Engines, Scorecard and Visualization), Service, Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024
[145 Pages Report] The global risk analytics market size is expected to grow from USD 23.0 billion in 2019 to USD 45.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. Key growth factors for the market include compliance with stringent industry regulations, rising digitalization & business process automation, growing data & security breaches, and increasing complexities across business processes. Also, the adoption of AI & blockchain technologies in the risk analytics market and rising innovations in the fintech industry will create numerous opportunities for vendors of risk analytics solutions. The market study aims at estimating the market size and the growth potential of this market, across different segments, such as component, type, organization size, deployment mode, vertical, and region.
Software segment to hold a larger market size during the forecast period
The risk analytics market, by component, covers software and services. The software segment outperforms the services segment and is likely to record a larger size in the future due to a higher rate of adoption. The risk analytics software covers ETL, risk calculation engines, scorecard & visualization tools, dashboard analytics & risk reporting tools, and GRC software, among others. With the rising data silos across the businesses; organizations needed to identify potential risks, which resulted in the rising adoption of various risk analytics software, as they enable organizations to have a holistic view of risk and provide real-time insights to make appropriate decisions.
Banking & Financial Services (BFSI) segment to gain maximum market size during the forecast period
The risk analytics market, based on vertical, has been segmented into banking & financial services, insurance, manufacturing, transportation & logistics, retail & consumer goods, IT & telecom, government & defense, healthcare & life sciences, energy & utilities, and others (travel & hospitality, academia & research, media & entertainment, agriculture, and real estate). The growth of the BFSI segment is attributed to the rising need to minimize the risk associated with governance & compliance requirements, and growing need to obtain a unified view of risk across the organizations.
North America is expected to hold the largest market size during the forecast period
The global risk analytics market covers five major geographic regions, viz., North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest market size during the forecast period. The region is a mature and well-established market with healthy risk appetite and inclination toward technological innovations, thereby presenting a plethora of opportunities for risk analytics vendors and service providers.
Market Dynamics
Driver: Increasing complexities across business processes
Increasing business complexities are challenging for organizations to manage large number of data and identify potential risks. The major factors of rising business complexity include growing innovations, changing nature of complexities, lack of information management, intricate regulation, and government oversight. In the aftermath of the financial crisis that broke out in 2008, organizations became more careful regarding risk management and have started investing a significant amount in adopting new techniques that can help in managing risk across the organization. Moreover, due to growing technological innovation and proliferation of new technologies, such as AI, ML, IoT, and edge computing, data has been generated in a massive amount. The increase in data has led to increased business complexity, and decision-making has become more intricate. In order to simplify business processes, most of the organizations have started implementing analytical solutions that simplify data gathering and analysis process through diverse sources. The analytical solutions also help in gaining insights from the data and reduce complexity.
Restraint: Intricate nature of regulatory compliance
Regulatory compliances are varied in nature across the globe. Therefore, it becomes difficult for organizations in mitigating compliance risk and complying with various regulatory policies that are different from country to country and business to business. This is considered as one of the restraining factors for the growth of the risk analytics market, as there is no clear standard that needs to be followed. These factors are also making it difficult for risk analytics solution providers to cater to the various end-user requirements. In some of the regions, where there is no regulatory structure and standard imposed by governing bodies, organizations focus on executing in-house regulatory guidelines and policies.
Opportunity: Adoption of AI and blockchain technology in the market
AI and blockchain are among the recent trending technologies that are expected to add advanced capabilities to risk analytics solutions and open new growth avenues. The integration of these technologies with risk analytics solutions would address some of the key challenges and pain points faced by the end-user industry over the past few decades. The advent of advanced technologies facilitates faster transactions and settlements, which helps financial institutions and their customers conduct transactions more easily while eliminating the intermediary charging fee. Considering the continuous advancements in these technologies, AI and blockchain are expected to offer significant opportunities for risk analytics solution vendors in the coming years.
Challenge: Integration of data from data silos
Extracting value from data has become a key requirement for companies to successfully mitigate risks, target valuable customers, and evaluate business performance. In addition, monetizing these data assets require the availability of a sufficient amount of data. However, data consolidation from distinct data sources into meaningful information can incite various new challenges for organizations, especially centralized business enterprises. Data exchange and data ecosystem deliver tools to analyze the collected data at a centralized location and help extract and cross-check business-critical components. The development of data exchanges and data ecosystems varies based on the assumptions made in the value of the data for each customer segment. Many risk analytics providers offer unified data aggregation and data analytics platforms that help users in successfully aggregating and analyzing data from disparate data sources. Furthermore, data exchange is a major concern for industries such as BFSI and healthcare that deal with individual’s confidential data. As the need for data exchange increases, it needs to be balanced with risk mitigation capabilities. With companies adopting risk analytics software integrated with data security capabilities, data exchange is not expected to be a major issue in the near future.
Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2017–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Billion (USD) |
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Segments covered |
Component, Risk Type, Deployment Mode, Organization Size, Vertical, and Region |
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Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
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Companies covered |
IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), Moody’s Corporation (US), FIS (US), Verisk Analytics, Inc. (US), AxiomSL, Inc. (US), Gurucul (US), Provenir (US), Risk Edge Solutions (India), BRIDGEi2i Analytics Solutions (India), Recorded Future, Inc. (US), DataFactZ (US), and Digital Fineprint (England) |
The research report categorizes the risk analytics to forecast the revenues and analyze the trends in each of the following sub-segments:
Based on Component, the risk analytics market has the following segments:
- Component
- Software
- Extract, Transform & Load Tools
- Risk Calculation Engines
- Scorecard & Visualization Tools
- Dashboard Analytics & Risk Reporting Tools
- GRC Software
- Others (operational risk management, human resource risk management, project risk management)
- Services
- Professional Services
- Managed Services
- Software
Based on risk type, the risk analytics market has the following segments:
- Strategic Risk
- Operational Risk
- Financial Risk
- Others (reputational risk, environmental risk, third-party risk, and economic risk)
Based on the deployment mode, the risk analytics market has the following segments:
- Cloud
- On-premises
Based on organization size, the risk analytics market has the following segments:
- Large Enterprises
- Small & Medium-Sized Enterprises
Based on vertical, the risk analytics market has the following segments:
- Banking & Financial Services
- Insurance
- Manufacturing
- Transportation & Logistics
- Retail & Consumer Goods
- IT & Telecom
- Government & Defense
- Healthcare & Life Sciences
- Energy & Utilities
- Others (Travel & Hospitality, Academia and Research, Media and Entertainment)
Based on the region, the risk analytics market has the following segments:
- North America
- Europe
- APAC
- Latin America
- MEA
Key Market Players
The major risk analytics vendors include IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), FIS (US), Moody’s Corporation (US), Verisk Analytics, Inc. (US), AxiomSL, Inc. (US), Gurucul (US), Provenir (US), Risk Edge Solutions (India), BRIDGEi2i Analytics Solutions (India), Recorded Future, Inc. (US), DataFactZ (US), and Digital Fineprint (England).
SAP (Germany) is among one of the leaders in the risk analytics market. It adopts a balanced approach towards growth strategies and continues to enhance its expertise through constant product enhancements, technology acquisitions, collaborations, and partnerships. For instance, in February 2019, SAP released the latest iteration of its cloud-based enterprise resource planning for ERP SAP S/4HANA platform, with an array of new features:
- Advanced financial closing
- Improved quality management during goods receipts
- Time-based revenue recognition as per IFRS15 standards
- Transportation management
- Service management
Moody's Analytics (US) is another established player in the risk analytics market. With its comprehensive product and service offerings, Moody's Analytics has adopted various organic and inorganic strategies to strengthen its product portfolio and expand its presence in various geographical regions. For instance, in June 2019, Moody's Analytics collaborated with Imarticus Learning to launch the Credit Risk and Underwriting Prodegree course to provide training to financial professionals in India. This will help enhance the skillsets of these professionals.
Recent Developments
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In May 2019, IBM collaborated with Thomson Reuters for helping banks tackle the increasing regulatory requirements. The collaboration aims at combining Artificial Intelligence (AI) and real-time regulatory insights to enhance risk management. The combined intelligence would provide financial institutions access to RegTech, a solution delivered from IBM’s Cloud. Additionally, the solution provides real-time financial services data and helps financial institutes in monitoring, analyzing the data, and comply with new regulations.
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In May 2019, Moody’s Analytics launched new cloud-based risk analytics and modeling platform, CAP. This platform would help risk professionals manage their risk by providing direct access to expert analytics solutions. The CAP platform enables organizations to build an economical, comprehensive model that helps in making informed decisions at a minimum cost.
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In March 2019, FIS acquired Worldpay, a secure payment service provider. The acquisition would expand FIS’ product and service capabilities in the financial service space. The company is expected to close the acquisition deal in the second half of 2019.
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In January 2019, SAP acquired Qualtrics International, an Experience Management (XM) software provider to enable
customers to manage supply chains, networks, employees, and core processes better. This acquisition would help SAP to deliver enhanced end-to-end experiences and Operational Management (OM) system.
Key Questions addressed by the report:
- What are the opportunities in the risk analytics market?
- What is the competitive landscape in the risk analytics market?
- What are the emerging technologies impacting the overall risk analytics market?
- What are the key use cases existing in the risk analytics market?
- What are the key trends and dynamics existing in the risk analytics market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 36)
4.1 Attractive Opportunities in the Risk Analytics Market
4.2 Market Top 3 Verticals
4.3 Market Top 3 Risk Types and Regions
4.4 Market By Vertical
4.5 Market Investment Scenario
5 Risk Analytics Market Overview and Industry Trends (Page No. - 39)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Compliance With Stringent Industry Regulations
5.2.1.2 Increasing Complexities Across Business Processes
5.2.1.3 Rising Digitalization and BPA
5.2.1.4 Growing Data and Security Breaches
5.2.2 Restraints
5.2.2.1 Intricate Nature of Regulatory Compliance
5.2.3 Opportunities
5.2.3.1 Adoption of AI and Blockchain Technology in the Market
5.2.3.2 Rising Innovations in the Fintech Industry
5.2.4 Challenges
5.2.4.1 Integration of Data From Data Silos
5.3 Use Cases
5.3.1 Introduction
5.3.1.1 Use Case: Scenario 1
5.3.1.2 Use Case: Scenario 2
5.3.1.3 Use Case: Scenario 3
5.3.1.4 Use Case: Scenario 4
5.3.1.5 Use Case: Scenario 5
5.4 Regulatory Implications
5.4.1 Introduction
5.4.2 ISO 31000 2009: Risk Management Principles and Guidelines
5.4.3 ISO/IEC 31010:2009: Risk Management–Risk Assessment Techniques
5.4.4 Grc Capability Model 3.0 (Red Book)
5.4.5 Committee of Sponsoring Organizations: Enterprise Risk Management Framework
5.4.6 Basel
6 Risk Analytics Market By Component (Page No. - 47)
6.1 Introduction
6.2 Software
6.2.1 Etl Tools
6.2.1.1 Increasing Need for Data Unification From Various Sources/Systems in an Organization to Augment the Adoption of Etl Tools
6.2.2 Risk Calculation Engines
6.2.2.1 Need for Real-Time Risk Calculation to Boost the Adoption of Risk Calculation Engines
6.2.3 Scorecard and Visualization Tools
6.2.3.1 Rising Demand for Effective Internal Risk Rating and Visualization Tools to Enhance the Adoption of Scorecard and Visualization Tools
6.2.4 Dashboard Analytics and Risk Reporting Tools
6.2.4.1 Growing Demand for Real-Time Risk Analysis to Augment the Adoption of Dashboard Analytics and Risk Reporting Tools
6.2.5 Grc Software
6.2.5.1 Growing Organizations’ Focus Toward Effective Management of Risks By Complying With Related Regulations to Boost the Adoption of GRC Software
6.2.6 Others
6.3 Services
6.3.1 Professional Services
6.3.1.1 Need for an Enhanced Strategic Outlook, Improved Performance Efficiencies, and Business Transformation to Drive the Professional Services Segment
6.3.2 Managed Services
6.3.2.1 Rising Difficulties of Managing IT Services to Boost the Adoption of Managed Services
7 Risk Analytics Market By Deployment Mode (Page No. - 55)
7.1 Introduction
7.2 Cloud
7.2.1 Increasing Need to Manage Data Silos With the Help of Cloud-Based Risk Analytics Solutions
7.3 On-Premises
7.3.1 Advantages of Data Privacy and Security to Help Accelerate the Growth of the On-Premises Deployment Mode
8 Risk Analytics Market By Organization Size (Page No. - 58)
8.1 Introduction
8.2 Large Enterprises
8.2.1 Regulations are Key Enablers for Large Enterprises to Adopt Analytical Solutions
8.3 Small and Medium-Sized Enterprises
8.3.1 Cost-Efficient Cloud-Based Solutions to Drive the Adoption of Risk Analytics Solutions in Small and Medium-Sized Enterprises
9 Risk Analytics Market By Risk Type (Page No. - 61)
9.1 Introduction
9.2 Strategic Risk
9.2.1 Rapid Technological Changes to Drive the Adoption of Risk Analytics Solution for Strategic Risk Management
9.3 Operational Risk
9.3.1 Need to Streamline the Process of Operational Risk Management Creating Demand for Risk Analytics Solutions
9.4 Financial Risk
9.4.1 Growing Need to Meet Financial Expectations of Shareholders to Create Demand for Risk Analytics Solutions
9.5 Others
10 Risk Analytics Market By Vertical (Page No. - 65)
10.1 Introduction
10.2 Banking and Financial Services
10.2.1 Complexity of Regulatory Requirements to Drive the Adoption of Risk Analytics for Banking and Financial Services
10.3 Insurance
10.3.1 Insurance Vertical to Deploy Risk Analytics Solutions to Quickly Transform Data Into Actionable Insights
10.4 Manufacturing
10.4.1 Increasing Cyberattacks to Fuel the Adoption of Risk Analytics in the Manufacturing Vertical
10.5 Transportation and Logistics
10.5.1 Transportation and Logistics Adopting Risk Analytics to Tackle Challenges Associated With Managing Claims and Ensuring Fleet Safety
10.6 Retail and Consumer Goods
10.6.1 Retail and Consumer Goods to Adopt Risk Analytics Solutions to Identify Fraud
10.7 IT and Telecom
10.7.1 Growing Need to Analyze Large Volumes of Data Creating the Demand for Risk Analytics Solutions in the IT and Telecom Vertical
10.8 Government and Defense
10.8.1 Risk Analytics to Become Crucial for Proper Resource Allocation in the Government and Defense Vertical
10.9 Healthcare and Life Sciences
10.9.1 Healthcare Vertical to Deploy Risk Analytics Solutions to Deliver Enhanced Experience to Patients While Complying With Regulations
10.10 Energy and Utilities
10.10.1 Changing Political Conditions and Economic Environment to Drive the Adoption of Risk Analytics in the Energy and Utilities Vertical
10.11 Others
11 Risk Analytics Market By Region (Page No. - 72)
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.1.1 Growing Organizations’ Focus Toward Providing Innovative Risk Analytics Solutions to Drive the Market Across the US
11.2.2 Canada
11.2.2.1 Increasing Adoption By Banking and Financial Services Industry to Drive the Growth of the Market in Canada
11.3 Europe
11.3.1 United Kingdom
11.3.1.1 Growing Complexity of Regulations to Fuel the Adoption of Risk Analytics Solutions in the UK
11.3.2 Germany
11.3.2.1 Increasing Need to Streamline Business Processes to Drive the Growth of Risk Analytics Solutions in Germany
11.3.3 France
11.3.3.1 Increasing Cyberattacks to Provide an Opportunity to Deploy Risk Analytics Solutions in France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Growing Banking and Financial Industry in China to Provide Opportunities for the Adoption of Risk Analytics Solutions
11.4.2 Japan
11.4.2.1 Growing Focus on Risk Analytics Solution Providers Across Japan to Cater to the Changing Customer Requirements
11.4.3 India
11.4.3.1 Increasing Digitalization Initiatives to Provide Opportunities to Deploy Risk Analytics Solutions in India
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Regulatory Compliance Backed By the Presence of Risk Analytics Vendors to Boost the Adoption of Risk Analytics Solutions in the Middle East
11.5.2 Africa
11.5.2.1 Growing Digitalization to Offer Opportunities to Deploy Risk Analytics Solutions in Africa
11.6 Latin America
11.6.1 Brazil
11.6.1.1 Growing Focus of Financial Institutions Toward Integration of Risk Analytics Solutions to Drive the Market in Brazil
11.6.2 Mexico
11.6.2.1 Need to Assess Different Types of Risks to Increase the Adoption of Risk Analytics Solutions in Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape (Page No. - 100)
12.1 Competitive Leadership Mapping
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Strength of Product Portfolio
12.3 Business Strategy Excellence
13 Company Profiles (Page No. - 104)
13.1 Introduction
(Business Overview, Software, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.2 IBM
13.3 Oracle
13.4 SAP
13.5 SAS Institute
13.6 FIS
13.7 Moody's Analytics
13.8 Verisk Analytics
13.9 AxiomSL
13.10 Gurucul
13.11 Provenir
13.12 Risk Edge Solutions
13.13 BRIDGEi2i
13.14 DataFactZ
13.15 Recorded Future
13.16 Digital Fineprint
*Details on Business Overview, Software, Solutions & Platform, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 136)
14.1 Industry Excerpts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (50 Tables)
Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Global Market Size and Growth Rate, 2017–2024 (USD Billion and Y-O-Y %)
Table 4 Risk Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 5 Software: Market Size, By Software Type, 2017–2024 (USD Million)
Table 6 Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 7 Market Size By Organization Size, 2017–2024 (USD Million)
Table 8 Market Size By Risk Type, 2017–2024 (USD Million)
Table 9 Market Size By Vertical, 2017–2024 (USD Million)
Table 10 Risk Analytics Market Size, By Region, 2017–2024 (USD Million)
Table 11 North America: Risk Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 12 North America: Market Size By Software Type, 2017–2024 (USD Million)
Table 13 North America: Market Size By Service, 2017–2024 (USD Million)
Table 14 North America: Market Size By Risk Type, 2017–2024 (USD Million)
Table 15 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 16 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 17 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 18 North America: Market Size By Country, 2017–2024 (USD Million)
Table 19 Europe: Risk Analytics Market Size, By Component 2017–2024 (USD Million)
Table 20 Europe: Market Size By Software Type, 2017–2024 (USD Million)
Table 21 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 22 Europe: Market Size By Risk Type, 2017–2024 (USD Million)
Table 23 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 24 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 25 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 26 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 27 Asia Pacific: Risk Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 28 Asia Pacific: Market Size By Software Type, 2017–2024 (USD Million)
Table 29 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 30 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 31 Asia Pacific: Market Size By Risk Type, 2017–2024 (USD Million)
Table 32 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 34 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 35 Middle East and Africa: Risk Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 36 Middle East and Africa: Market Size By Software Type, 2017–2024 (USD Million)
Table 37 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 38 Middle East and Africa: Market Size By Risk Type, 2017–2024 (USD Million)
Table 39 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 40 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 41 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 42 Middle East and Africa: Market Size By Sub-Region, 2017–2024 (USD Million)
Table 43 Latin America: Risk Analytics Market Size, By Component, 2017–2024 (USD Million)
Table 44 Latin America: Market Size By Software Type, 2017–2024 (USD Million)
Table 45 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 46 Latin America: Market Size By Risk Type, 2017–2024 (USD Million)
Table 47 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 48 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 49 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 50 Latin America: Market Size By Country, 2017–2024 (USD Million)
List of Figures (41 Figures)
Figure 1 Global Risk Analytics Market: Research Design
Figure 2 Risk Analytics Market: Top-Down and Bottom-Up Approaches
Figure 3 Software Segment to Account for a Larger Market Size in 2019
Figure 4 GRC Software to Account for the Largest Market Size in 2019
Figure 5 Professional Services to Account for a Higher Market Share in 2019
Figure 6 Large Enterprises to Account for a Larger Market Size in 2019
Figure 7 On-Premises Segment to Account for a Larger Market Size in 2019
Figure 8 Financial Risk to Account for the Highest Market Share in 2019
Figure 9 Banking and Financial Services to Account for the Largest Market Size in 2019
Figure 10 North America to Account for the Highest Market Share in 2019
Figure 11 Increasing Need to Meet Stringent Compliance Mandates to Drive the Risk Analytics Market
Figure 12 Banking and Financial Services Vertical to Account for the Largest Market Size During the Forecast Period
Figure 13 Financial Risk Type and North America to Account for the Highest Market Shares in the Risk Analytics Market in 2019
Figure 14 Banking and Financial Services Vertical to Register the Highest Market Share in 2019
Figure 15 Asia Pacific to be the Best Region for Investments During the Forecast Period
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Risk Analytics Market
Figure 17 Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 18 GRC Software to Hold the Largest Market Size During the Forecast Period
Figure 19 Managed Services Segment to Grow at a Higher CAGR During the Forecast Period
Figure 20 On-Premises Segment to Hold a Larger Market Size During the Forecast Period
Figure 21 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period
Figure 22 Operational Risk Segment to Grow at the Highest CAGR During the Forecast Period
Figure 23 Manufacturing Vertical to Register the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 25 India to Register the Highest CAGR Among Countries During the Forecast Period
Figure 26 Asia Pacific to Account for the Highest CAGR During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Risk Analytics Market (Global) Competitive Leadership Mapping, 2019
Figure 30 IBM: Company Snapshot
Figure 31 IBM: SWOT Analysis
Figure 32 Oracle: Company Snapshot
Figure 33 Oracle: WOT Analysis
Figure 34 SAP: Company Snapshot
Figure 35 SAP: SWOT Analysis
Figure 36 SAS Institute: Company Snapshot
Figure 37 SWOT Analysis: SAS Institute
Figure 38 FIS: Company Snapshot
Figure 39 FIS: SWOT Analysis
Figure 40 Moody's Analytics: Company Snapshot
Figure 41 Verisk Analytics: Company Snapshot
The study involved four major activities in estimating the current market size for risk analytics. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data, triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from both supply and demand sides of the risk analytics market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors of risk analytics solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The following is the breakup of the primary respondents’ profiles:
To know about the assumptions considered for the study, download the pdf brochure
Risk Analytics Market Size Estimation
For making market estimates and forecasting the risk analytics market and the other dependent submarkets, top-down, and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using the revenue of key companies and their offerings in the market. The research methodology used to estimate the market size included the following:
- The key players in the market were identified through extensive secondary research.
- The market size, in terms of value, was determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The global market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Report Objectives
- To define, segment, and project the global market size for risk analytics
- To understand the structure of the risk analytics market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze the micro-markets with respect to individual growth trends, future prospects, and their contribution to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to the four regions (along with their respective key countries)
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the risk analytics market
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 provides a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakup of the North American risk analytics market
- Further breakup of the European market
- Further breakup of the APAC market
- Further breakup of the Latin American market
- Further breakup of the MEA market
Company Information
- Detailed analysis and profiling of additional market players up to 5
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