Risk Analytics Market

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 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 Visionaries
             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, Platforms & Solutions, 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, Platforms & Solutions, 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: 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 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: SWOT 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