Risk Analytics Market

Risk Analytics Market by Offering (Software (ETL Tools, Risk Calculation Engines, GRC Software), Services), Risk Type (Strategic Risk, Operational Risk, Financial Risk, Regulatory Risk), Risk Stages, Vertical and Region - Global Forecast to 2029

Report Code: TC 2572 Apr, 2024, by marketsandmarkets.com

Risk Analytics Market Size & Share - Worldwide

[343 Pages Report] The global Risk Analytics Market size is projected to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period. Risk analytics is important in the global market due to its ability to identify, assess, and mitigate various risks that businesses encounter. By leveraging data and analytical tools, organizations can anticipate market fluctuations, geopolitical instability, regulatory changes, and financial risks. This enables proactive decision-making, enhances operational efficiency, and protects against potential losses. In a highly interconnected global economy, understanding and managing risks across borders is essential for maintaining competitiveness and sustaining growth. Risk analytics empowers businesses to navigate uncertainties effectively, safeguard assets, and capitalize on emerging opportunities in the dynamic global marketplace..

Risk Analytics Market

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Risk Analytics Market Opportunities

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Risk Analytics Market Growth Dynamics

Driver: Growing incidences data theft and security breaches

The risk landscape is continuously evolving, and rising instances of cyberattacks have resulted in huge losses to enterprises. The growth in ransomware attacks and security breaches, such as Equifax, Spectre, Meltdown, cloud malware injection attacks, account or service hijacking, and man-in-the-cloud attacks, are making organizations focus more on data security to safeguard themselves from losing millions of records and sensitive information. According to the Herjavec Group’s Cyber Crime report 2019, damage from ransomware would cost USD 11.5 billion to organizations in 2019. Hence, to safeguard themselves from growing security breaches, organizations are looking forward to shifting from traditional security to advanced security to protect their critical assets from potential threats.

Organizations in various countries focus on the implementation of data protection directives to safeguard individuals’ data. The increasing advanced cyberattacks and the growing number of ransomware attacks on banks and various other financial service enterprises have encouraged governments across regions to adopt a more robust and effective security model to maintain the information security of business-critical assets. The rise in the number of cross-border transactions and data transfers is encouraging the need for developing data protection, and information security laws and regulations promoting the adoption of risk analytics solutions among enterprises that have global footprints. The growing rate of cybercrimes has encouraged various verticals to implement stringent regulations for data security and constantly monitor their networks for threats

Restraint: Resistance to Change

Resistance to change represents a significant barrier for businesses seeking to implement new risk management practices or technologies. This resistance often stems from ingrained organizational cultures, employee apprehension about unfamiliar processes, or concerns about job security. Despite recognizing the benefits of modern risk management approaches, such as advanced analytics or automation, employees may resist adoption due to fear of the unknown or perceived disruption to existing workflows. Moreover, middle management resistance can impede progress, as these individuals may be comfortable with established routines and hesitant to embrace change that could challenge their authority or status quo. Overcoming resistance to change requires effective communication, stakeholder engagement, and change management strategies. Leaders must articulate the rationale behind proposed changes, address employee concerns, and provide training and support to facilitate the transition. By fostering a culture of openness, collaboration, and continuous improvement, organizations can mitigate resistance to change and drive successful adoption of innovative risk management practices

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 advanced technologies facilitate faster transactions and settlements, which helps financial institutions and customers conduct transactions more easily while eliminating the intermediary charging fee.

As businesses gather data from various channels, safeguarding that information becomes paramount. Blockchain technology offers a promising avenue for security analysts to expedite the detection of data breaches and mitigate the risk of data loss. By leveraging Artificial Intelligence (AI) and Machine Learning (ML), which operate with pre-defined algorithms, companies can enhance their understanding of threat classification. These advanced technologies enable rapid analysis of system anomalies, identifying potential threats efficiently. This approach facilitates proactive detection and response to security risks, ensuring a more resilient and secure operational environment.

Challenge: Scarcity of highly skilled professionals in the field of risk management

In an increasingly complex and uncertain business landscape, effective risk management is essential for safeguarding assets, ensuring compliance, and sustaining long-term growth. However, the shortage of skilled professionals poses challenges for organizations seeking to build robust risk management frameworks. This scarcity result in gaps in expertise, leading to inadequate risk assessment, mitigation, and response strategies. Consequently, businesses may face heightened exposure to financial, operational, and reputational risks. This shortage also presents opportunities for strategic investment and talent development. Businesses can attract and retain top talent by offering competitive compensation packages, professional development opportunities, and a supportive work culture. Additionally, organizations can collaborate with educational institutions and industry associations to cultivate a pipeline of skilled risk management professionals through internships, mentorship programs, and specialized training initiatives. By addressing the scarcity of highly skilled professionals in risk management proactively, businesses can enhance their resilience, competitive advantage, and long-term sustainability. Moreover, investing in talent development can foster a culture of risk awareness and proactive risk management throughout the organization, driving innovation and value creation..

Risk analytics
Market Ecosystem

The risk analytics ecosystem is a dynamic and interconnected network of entities that collectively enable seamless communication between machines and devices through satellite networks. This ecosystem encompasses a diverse range of players, each contributing specialized services and solutions to facilitate efficient and global connectivity. The ecosystem of the risk analytics include software/services providers, end users, and regulatory bodies.

Top Companies in Risk Analytics Market

By vertical, BFSI segment accounts for the largest market size during the forecast period.

The BFSI (Banking, Financial Services, and Insurance) sector dominates the risk analytics market primarily due to its inherent complexity and exposure to various risks. Within this sector, institutions face multifaceted challenges ranging from credit and market risks to operational and compliance risks. As a result, there is a critical need for advanced risk analytics solutions to assess, monitor, and mitigate these risks effectively. BFSI firms heavily rely on risk analytics to enhance decision-making processes, optimize capital allocation, and ensure regulatory compliance. The increasing volume and diversity of financial transactions, coupled with stringent regulatory requirements, further drive the demand for sophisticated risk analytics tools and techniques. Additionally, the high stakes involved in financial transactions necessitate proactive risk management strategies, making risk analytics indispensable for maintaining stability and competitiveness in the industry. Thus, BFSI's significant market size in the risk analytics market reflects its pivotal role in driving innovation and adoption of advanced analytics technologies to navigate the complex landscape of financial risks.

By Risk Stages, Risk Assessment and Prioritization segment is projected to grow at the highest CAGR during the forecast period.

Risk assessment and prioritization are critical components of effective risk management, enabling organizations to systematically identify, evaluate, and address potential risks. Firstly, the identification stage involves recognizing hazards, vulnerabilities, and threats that could adversely affect objectives or operations. Secondly, evaluation entails assessing the likelihood and potential impact of identified risks, enabling organizations to rank them based on severity and potential consequences. Prioritization is essential for focusing resources on managing the most significant risks first, optimizing resource allocation and enhancing overall risk management efficiency. This process supports decision-making by providing insights into risk severity and informing mitigation strategies or risk acceptance decisions. Regular review and updating of risk assessments facilitate continuous improvement, ensuring that risk management practices remain relevant and effective in the face of evolving circumstances.

North America to account for the largest market size during the forecast period.

North American Risk Analytics Market Size, and Share

Key Market Players

The major risk analytics solution and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), MarshMeclennan(US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), Crisil(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), Spin Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the risk analytics market.

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

USD Billion

Segments Covered

Offering,Risk Type, Risk stages, Vertical, and Region.

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Top Risk Analytics Companies

  • IBM (US),
  • SAS Institute (US),
  • Oracle (US),
  • FIS(US),
  • Moody’s Analytics (US),
  • ProcessUnity(US),
  • ServiceNow (US),
  • Marsh (US),
  • Aon (UK), 

This research report categorizes the risk analytics market based on Offerings, Risk Type, Risk Stages, Verticals, and Region.

Offering:
  • Software
    • By type
      • ETL Tools
      • Risk Calculation Engines
      • Scorecard and Visualization Tools
      • Risk Reporting Tools
      • Dashboard Analytics
      • GRC Software
      • Others (Portfolio Management, Operation Risk Management))
    • By Deployment Mode
      • Cloud
      • On-Premises
  • Services
    • Professional Services
      • Consulting services
      • Deployment & Integration
      • System & Maintenance
    • Managed Services
By Risk Stages:
  • Risk identification
  • Risk assessment and prioritization
  • Risk response and mitigation
  • Risk monitoring
  • Risk reporting.
By Risk Type:
  • Strategic risk
    • Operational Risk
    • Reputational Risk
    • Governance Risk
    • Political Risk
    • Financial Risk
  • Regulatory risk
  • Environmental risk
  • other (economic risk and change risk )
By Verticals:
  • BFSI
  • Retail and Ecommerce
  • Healthcare and Life sciences
  • Telecommunications
  • Energy and utilities
  • Manufacturing
  • Transporatation and Logistics
  • Government and Defense
  • Mining
  • Construction
  • Others
By Region:
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • ANZ
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Kingdom of Saudi Arabia
    • Qatar
    • Israel
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America

Recent Developments:

  • In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.
  • In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS's ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.
  • In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.
  • In March 2024, Crisp joined Resolver, with the aim to enhance Resolver's risk intelligence capabilities by integrating Crisp's expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.
  • In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS's expertise in advanced analytics and Carahsoft's extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES 
    1.2 RISK ANALYTICS MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATE, 2020–2023
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA 
           FIGURE 1 RISK ANALYTICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    TABLE 2 PRIMARY INTERVIEWS
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION 
           FIGURE 2 MARKET: DATA TRIANGULATION
    2.3 RISK ANALYTICS MARKET SIZE ESTIMATION 
           FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 4 APPROACH 1 (SUPPLY-SIDE): REVENUE OF SOFTWARE/SERVICES OF MARKET
                    FIGURE 5 APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL RISK ANALYTICS SOFTWARE/SERVICES
                    FIGURE 6 APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL RISK ANALYTICS SOFTWARE/SERVICES
                    FIGURE 7 APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF RISK ANALYTICS THROUGH OVERALL RISK ANALYTICS SPENDING
    2.4 MARKET FORECAST 
           TABLE 3 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS 
    2.7 IMPLICATION OF RECESSION ON GLOBAL MARKET 
           TABLE 4 RECESSION IMPACT ON MARKET
 
3 EXECUTIVE SUMMARY (Page No. - 52)
    TABLE 5 GLOBAL RISK ANALYTICS MARKET AND GROWTH RATE, 2019–2023 (USD MILLION, Y-O-Y%) 
    TABLE 6 GLOBAL MARKET AND GROWTH RATE, 2024–2029 (USD MILLION, Y-O-Y%) 
    FIGURE 8 SOFTWARE SEGMENT EXPECTED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 9 GRC SOFTWARE ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 10 CLOUD DEPLOYMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 11 PROFESSIONAL SERVICES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 12 CONSULTING SERVICES SEGMENT ESTIMATED TO HOLDLARGEST MARKET IN 2024 
    FIGURE 13 RISK IDENTIFICATION SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 14 STRATEGIC RISK SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 15 OPERATIONAL RISK SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 16 BFSI ESTIMATED TO ACCOUNT FOR LARGEST MARKET IN 2024 
    FIGURE 17 NORTH AMERICA MARKET ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN 2024 
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET 
           FIGURE 18 GROWING ADVENT OF ML & AI TO MAXIMIZE POTENTIAL OF RISK ANALYTICS
    4.2 OVERVIEW OF RECESSION IN GLOBAL MARKET 
           FIGURE 19 MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 2024
    4.3 RISK ANALYTICS MARKET, BY RISK STAGE 
           FIGURE 20 RISK IDENTIFICATION SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET
    4.4 MARKET, BY OFFERING AND KEY VERTICAL 
           FIGURE 21 SOFTWARE AND BFSI SEGMENTS ESTIMATED TO ACCOUNT FOR SIGNIFICANT MARKET SHARES
    4.5 MARKET, BY REGION 
           FIGURE 22 NORTH AMERICA DOMINATED MARKET IN 2024
 
5 RISK ANALYTICS MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 62)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing incidences of data theft and security breaches
                    5.2.1.2 Rising government compliance with stringent industry regulations
                    5.2.1.3 Increasing complexities across business processes
                    5.2.1.4 Rising digitalization and business process automation
                    5.2.1.5 Growing awareness of risk management
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost and complexity in software installation and configuration
                    5.2.2.2 Resistance to change
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of AI and blockchain technology
                    5.2.3.2 Rising innovations in FinTech industry
                    5.2.3.3 Increasing workforce management investments
                    5.2.3.4 Surging adoption of proactively assessing and mitigating potential risks in supply chain operations
           5.2.4 CHALLENGES
                    5.2.4.1 Integration of data from data silos
                    5.2.4.2 Scarcity of highly skilled professionals in field of risk management
    5.3 CASE STUDY ANALYSIS 
           5.3.1 MASTERCARD BUILT SAFER PAYMENTS ECOSYSTEM WITH FOURTH-PARTY RISK MONITORING PROGRAM
           5.3.2 SANDVIK’S TREASURY TEAM TRANSFORMED ITS DISPARATE PROCESSES WITH FIS TREASURY AND RISK MANAGER - QUANTUM EDITION AND FIS PAYMENT HUB - ENTERPRISE EDITION
           5.3.3 ZENGRC PLATFORM HELPED AERA TECHNOLOGY MANAGE COMPLIANCE INITIATIVES EFFICIENTLY
           5.3.4 NEW ZEALAND SUPERANNUATION FUND (NZSF) USED QUANTIFI’S SOLUTION FOR CREDIT AND LIQUIDITY RISK MANAGEMENT
           5.3.5 PIRAEUS BANK USED QUANTIFI XVA SOLUTION TO ADDRESS ITS REGULATORY REQUIREMENTS
           5.3.6 POWER MAPPING ELEMENT OF VERISK MAPLECROFT’S RISK ANALYSIS SERVICE UTILIZED TO INFORM BUSINESS DECISIONS
           5.3.7 REGIONAL BANK DEPLOYED ONESPAN RISK ANALYTICS SOLUTION TO CURTAIL FRAUD
           5.3.8 BANK DEPLOYED AXIOMSL’S IFRS 9 SOLUTION FOR DATA AND CREDIT MODEL TRANSPARENCY
    5.4 EVOLUTION OF MARKET 
           FIGURE 24 EVOLUTION OF MARKET
    5.5 ECOSYSTEM ANALYSIS 
           FIGURE 25 KEY PLAYERS IN MARKET ECOSYSTEM
           TABLE 7 ROLE OF PLAYERS IN MARKET ECOSYSTEM
           5.5.1 SOFTWARE PROVIDERS
           5.5.2 SERVICE PROVIDERS
           5.5.3 END USERS
           5.5.4 REGULATORY BODIES
    5.6 TECHNOLOGICAL ANALYSIS 
           5.6.1 KEY TECHNOLOGIES
                    5.6.1.1 Artificial Intelligence (AI)
                    5.6.1.2 Big Data
                    5.6.1.3 Cybersecurity
           5.6.2 ADJACENT TECHNOLOGIES
                    5.6.2.1 Cloud Computing
                    5.6.2.2 Internet of Things (IoT)
           5.6.3 COMPLEMENTARY TECHNOLOGIES
                    5.6.3.1 AR/VR
                    5.6.3.2 RPA
    5.7 REGULATORY LANDSCAPE 
           5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.7.1.1 North America
                               5.7.1.1.1 US
                               5.7.1.1.2 Canada
                    5.7.1.2 Europe
                    5.7.1.3 Asia Pacific
                               5.7.1.3.1 China
                               5.7.1.3.2 India
                               5.7.1.3.3 Japan
                    5.7.1.4 Middle East & Africa
                               5.7.1.4.1 UAE
                               5.7.1.4.2 KSA
                               5.7.1.4.3 South Africa
                    5.7.1.5 Latin America
                               5.7.1.5.1 Brazil
                               5.7.1.5.2 Mexico
    5.8 SUPPLY CHAIN ANALYSIS 
           FIGURE 26 SUPPLY CHAIN ANALYSIS
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOFTWARE TYPE
                    FIGURE 27 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOFTWARE TYPE
                    TABLE 13 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOFTWARE TYPE
           5.9.2 INDICATIVE PRICING ANALYSIS OF RISK ANALYTICS, BY OFFERING
                    TABLE 14 INDICATIVE PRICING LEVELS OF RISK ANALYTICS, BY OFFERING
    5.10 KEY CONFERENCES & EVENTS IN 2024–2025 
           TABLE 15 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.11 PATENT ANALYSIS 
           5.11.1 METHODOLOGY
           5.11.2 PATENTS FILED, BY DOCUMENT TYPE
                    TABLE 16 PATENTS FILED, 2013–2023
           5.11.3 INNOVATION AND PATENT APPLICATIONS
                    FIGURE 28 NUMBER OF PATENTS GRANTED, 2013–2023
                    5.11.3.1 Top ten applicants in MARKET
                               FIGURE 29 TOP TEN APPLICANTS IN MARKET, 2013–2023
                               FIGURE 30 REGIONAL ANALYSIS OF PATENTS GRANTED FOR MARKET, 2013–2023
                               TABLE 17 TOP 20 PATENT OWNERS IN MARKET, 2013–2023
                               TABLE 18 LIST OF FEW PATENTS GRANTED IN MARKET, 2022–2023
    5.12 PORTER’S FIVE FORCES’ ANALYSIS 
                    FIGURE 31 PORTER’S FIVE FORCES’ ANALYSIS
                    TABLE 19 MARKET: PORTER’S FIVE FORCES’ ANALYSIS
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS
           5.13.2 BUYING CRITERIA
                    FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
                    TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
    5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
                    FIGURE 34 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.15 RISK ANALYTICS TECHNIQUES/TOOLS 
           5.15.1 FAILURE MODE AND EFFECTS ANALYSIS (FMEA)
           5.15.2 RISK MATRIX
           5.15.3 BOWTIE MODEL
           5.15.4 DECISION TREE
    5.16 INVESTMENT AND FUNDING SCENARIO 
                    FIGURE 35 MARKET: INVESTMENT LANDSCAPE, 2019–2023
 
6 RISK ANALYTICS MARKET, BY OFFERING (Page No. - 99)
    6.1 INTRODUCTION 
           6.1.1 OFFERING: MARKET DRIVERS
                    FIGURE 36 SERVICES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 22 MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                    TABLE 23 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
    6.2 SOFTWARE 
           6.2.1 RISK ANALYTICS SOFTWARE TO FACILITATE COMPLIANCE MONITORING AND VENDOR RISK MANAGEMENT
                    TABLE 24 RISK ANALYTICS SOFTWARE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 25 RISK ANALYTICS SOFTWARE MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.2.2 TYPE
                    FIGURE 37 GRC SOFTWARE SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 26 RISK ANALYTICS MARKET, BY TYPE, 2019–2023 (USD MILLION)
                    TABLE 27 MARKET, BY TYPE, 2024–2029 (USD MILLION)
                    6.2.2.1 ETL tools
                               TABLE 28 ETL TOOLS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 29 ETL TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.2.2 Risk calculation engines
                               TABLE 30 RISK CALCULATION ENGINES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 31 RISK CALCULATION ENGINES: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.2.3 Scorecard & visualization tools
                               TABLE 32 SCORECARD & VISUALIZATION TOOLS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 33 SCORECARD & VISUALIZATION TOOLS: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.2.4 Risk reporting tools
                               TABLE 34 RISK REPORTING TOOLS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 35 RISK REPORTING TOOLS: MARKET, BY REGION, 2024–2029 (USD MILLION)
                               6.2.2.4.1 Pre-built parameterized standard reports
                               6.2.2.4.2 Drill down & through reporting
                               6.2.2.4.3 Audit & data quality reports
                               6.2.2.4.4 Enterprise reporting
                               6.2.2.4.5 Compliance reporting
                               6.2.2.4.6 Other risk reporting tools
                    6.2.2.5 Dashboard analytics
                               TABLE 36 DASHBOARD ANALYTICS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 37 DASHBOARD ANALYTICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.2.6 GRC software
                               TABLE 38 GRC SOFTWARE: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 39 GRC SOFTWARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.2.7 Other types
                               TABLE 40 OTHER TYPES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 41 OTHER TYPES: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.2.3 DEPLOYMENT MODE
                    FIGURE 38 CLOUD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 42 MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                    TABLE 43 MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                    6.2.3.1 Cloud
                               TABLE 44 CLOUD: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 45 CLOUD: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.2.3.2 On-premises
                               TABLE 46 ON-PREMISES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 47 ON-PREMISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
    6.3 SERVICES 
           6.3.1 NAVIGATING LANDSCAPE OF RISK WITH ANALYTICS SERVICES
                    FIGURE 39 PROFESSIONAL SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 48 SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 49 SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.3.2 PROFESSIONAL SERVICES
                    FIGURE 40 SYSTEM & MAINTENANCE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 50 PROFESSIONAL SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 51 PROFESSIONAL SERVICES: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.3.2.1 Consulting services
                               TABLE 52 CONSULTING SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 53 CONSULTING SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.3.2.2 Deployment & integration
                               TABLE 54 DEPLOYMENT & INTEGRATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 55 DEPLOYMENT & INTEGRATION: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.3.2.3 Support & maintenance
                               TABLE 56 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 57 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.3.3 MANAGED SERVICES
                    TABLE 58 MANAGED SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 59 MANAGED SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
7 RISK ANALYTICS MARKET, BY RISK TYPE (Page No. - 122)
    7.1 INTRODUCTION 
           7.1.1 RISK TYPE: MARKET DRIVERS
                    FIGURE 41 REGULATORY RISK SEGMENT EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 60 MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                    TABLE 61 MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
    7.2 STRATEGIC RISK 
           7.2.1 RISK ANALYTICS TO OFFER PREDICTIVE CAPABILITIES, SCENARIO ANALYSIS, AND COMPREHENSIVE RISK ASSESSMENTS
                    FIGURE 42 FINANCIAL RISK SEGMENT EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 62 STRATEGIC RISK: RISK ANALYTICS MARKET, BY TYPE, 2019–2023 (USD MILLION)
                    TABLE 63 STRATEGIC RISK: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                    TABLE 64 STRATEGIC RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 65 STRATEGIC RISK: MARKET, BY REGION, 2024–2029 (USD MILLION)
           7.2.2 OPERATIONAL RISK
                    TABLE 66 OPERATIONAL RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 67 OPERATIONAL RISK: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    7.2.2.1 Real-time monitoring
                    7.2.2.2 Automated risk assessments
                    7.2.2.3 Equipment failures
                    7.2.2.4 Human errors
                    7.2.2.5 Supply chain disruptions
                    7.2.2.6 Model risk
                    7.2.2.7 Other operational risk types
           7.2.3 REPUTATIONAL RISK
                    TABLE 68 REPUTATIONAL RISK: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 69 REPUTATIONAL RISK: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    7.2.3.1 Negative publicity
                    7.2.3.2 Customer dissatisfaction
                    7.2.3.3 Competitive risk
                    7.2.3.4 Product recall risk
                    7.2.3.5 Ethical controversies
                    7.2.3.6 Proactive crisis management
                    7.2.3.7 Other reputational risks
           7.2.4 POLITICAL RISK
                    TABLE 70 POLITICAL RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 71 POLITICAL RISK: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    7.2.4.1 Political instability
                    7.2.4.2 Trade restrictions
                    7.2.4.3 Tax policy reform
                    7.2.4.4 Other political risks
           7.2.5 GOVERNANCE RISK
                    TABLE 72 GOVERNANCE RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 73 GOVERNANCE RISK: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    7.2.5.1 Weak corporate governance
                    7.2.5.2 Lack of oversight
                    7.2.5.3 Data retention
                    7.2.5.4 Other governance risks
           7.2.6 FINANCIAL RISK
                    TABLE 74 FINANCIAL RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 75 FINANCIAL RISK: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    7.2.6.1 Capital management
                    7.2.6.2 Trading risk
                    7.2.6.3 Inadequate financial planning
                    7.2.6.4 Liquidity risk
                    7.2.6.5 Credit risk
                    7.2.6.6 Anti-money laundering
                    7.2.6.7 Payment fraud detection
                    7.2.6.8 Other financial risks
    7.3 REGULATORY RISK 
           TABLE 76 REGULATORY RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 77 REGULATORY RISK: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
           7.3.1 TARIFFS AND TRADE POLICIES
           7.3.2 MINIMUM WAGE LAWS
           7.3.3 LACK OF AWARENESS AND TRAINING
           7.3.4 OTHER REGULATORY RISKS
    7.4 ENVIRONMENTAL RISK 
           7.4.1 ENVIRONMENTAL RISK MANAGEMENT FOR BALANCING SUSTAINABILITY AND GROWTH
                    TABLE 78 ENVIRONMENTAL RISK: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 79 ENVIRONMENTAL RISK: MARKET, BY REGION, 2024–2029 (USD MILLION)
           7.4.2 NATURAL DISASTERS
           7.4.3 CLIMATE CHANGE
           7.4.4 POLLUTION
           7.4.5 BIODIVERSITY LOSS
           7.4.6 HUMAN ACTIVITIES
           7.4.7 TOXIC HAZARD RISK ASSESSMENT
           7.4.8 OTHER ENVIRONMENTAL RISKS
    7.5 OTHER RISK TYPES 
           TABLE 80 OTHER RISK TYPES: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 81 OTHER RISK TYPES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
8 RISK ANALYTICS MARKET, BY RISK STAGE (Page No. - 143)
    8.1 INTRODUCTION 
           8.1.1 RISK STAGE: MARKET DRIVERS
                    FIGURE 43 RISK ASSESSMENT & PRIORITIZATION SEGMENT EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 82 MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                    TABLE 83 MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
    8.2 RISK IDENTIFICATION 
           8.2.1 SYSTEMATIC IDENTIFICATION OF RISKS TO HELP BUSINESSES PROACTIVELY IMPLEMENT MITIGATION STRATEGIES AND ALLOCATE RESOURCES EFFECTIVELY
                    TABLE 84 RISK IDENTIFICATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 85 RISK IDENTIFICATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.3 RISK ASSESSMENT & PRIORITIZATION 
           8.3.1 SYSTEMATIC APPROACH TO ENSURE RISK MANAGEMENT STRATEGIES ARE ALIGNED WITH BUSINESS OBJECTIVES
                    TABLE 86 RISK ASSESSMENT & PRIORITIZATION: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 87 RISK ASSESSMENT & PRIORITIZATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.4 RISK RESPONSE & MITIGATION 
           8.4.1 MITIGATION OF POTENTIAL RISKS TO ENSURE COST SAVINGS AND REGULATORY COMPLIANCE
                    TABLE 88 RISK RESPONSE & MITIGATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 89 RISK RESPONSE & MITIGATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.5 RISK MONITORING 
           8.5.1 ONGOING SURVEILLANCE TO HELP NAVIGATE UNCERTAINTIES AND MAINTAIN RESILIENCE
                    TABLE 90 RISK MONITORING: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 91 RISK MONITORING: MARKET, BY REGION, 2024–2029 (USD MILLION)
    8.6 RISK REPORTING 
           8.6.1 EFFECTIVE RISK REPORTING ESSENTIAL FOR MAINTAINING STABILITY, ENSURING COMPLIANCE, AND SUPPORTING STRATEGIC DECISION-MAKING
                    TABLE 92 RISK REPORTING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 93 RISK REPORTING: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
9 RISK ANALYTICS MARKET, BY VERTICAL (Page No. - 151)
    9.1 INTRODUCTION 
           9.1.1 VERTICAL: RISK ANALYTICS DRIVERS
                    FIGURE 44 BFSI SEGMENT TO ACCOUNT FOR THE LARGEST MARKET BY 2029
                    TABLE 94 MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                    TABLE 95 MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    9.2 BFSI 
           9.2.1 RISK ANALYTICS TO ASSIST IN MAKING INFORMED DATA-DRIVEN DECISIONS AND ENHANCE OPERATIONAL EFFICIENCY
                    TABLE 96 BANKING, FINANCIAL SERVICES, AND INSURANCE: USE CASES
                    TABLE 97 BFSI: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 98 BFSI: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.3 RETAIL & ECOMMERCE 
           9.3.1 RISK ANALYTICS TO HELP IDENTIFY, ASSESS, AND MITIGATE VARIOUS RISKS
                    TABLE 99 RETAIL & ECOMMERCE: USE CASES
                    TABLE 100 RETAIL & ECOMMERCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 101 RETAIL & ECOMMERCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.4 HEALTHCARE & LIFE SCIENCES 
           9.4.1 DATA ANALYSIS TECHNIQUES TO IDENTIFY, EVALUATE, AND MANAGE RISKS ACROSS VARIOUS DOMAINS
                    TABLE 102 HEALTHCARE & LIFE SCIENCES: USE CASES
                    TABLE 103 HEALTHCARE & LIFE SCIENCES: RISK ANALYTICS MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 104 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.5 TELECOMMUNICATIONS 
           9.5.1 TECHNOLOGICAL ADVANCEMENTS TO ENABLE IDENTIFICATION OF SYSTEM ANOMALIES AND DETECTION OF FRAUDULENT ACTIVITIES
                    TABLE 105 TELECOMMUNICATIONS: USE CASES
                    TABLE 106 TELECOMMUNICATIONS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 107 TELECOMMUNICATIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.6 ENERGY & UTILITIES 
           9.6.1 RISK ANALYTICS TOOLS TO IDENTIFY AND ADDRESS ENVIRONMENTAL RISKS
                    TABLE 108 ENERGY & UTILITIES: USE CASES
                    TABLE 109 ENERGY & UTILITIES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 110 ENERGY & UTILITIES: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.7 MANUFACTURING 
           9.7.1 REGULAR REPORTING AND MONITORING TO HELP TRACK RISKS AND THREATS
                    TABLE 111 MANUFACTURING: USE CASES
                    TABLE 112 MANUFACTURING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 113 MANUFACTURING: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.8 TRANSPORTATION & LOGISTICS 
           9.8.1 RISK MANAGEMENT SOLUTIONS TO FOSTER CULTURE OF SAFETY AND RESPONSIBILITY
                    TABLE 114 TRANSPORTATION & LOGISTICS: USE CASES
                    TABLE 115 TRANSPORTATION & LOGISTICS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 116 TRANSPORTATION & LOGISTICS: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.9 GOVERNMENT & DEFENSE 
           9.9.1 RISK ANALYTICS TO HELP PROTECT PUBLIC FINANCES AND STRENGTHEN OVERALL GOVERNANCE
                    TABLE 117 GOVERNMENT & DEFENSE: USE CASES
                    TABLE 118 GOVERNMENT & DEFENSE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 119 GOVERNMENT & DEFENSE: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.10 MINING 
           9.10.1 ADVANCED ANALYTICS TOOLS TO HELP COMPANIES ASSESS ENVIRONMENTAL RISKS AND IMPLEMENT SUSTAINABLE PRACTICES
                    TABLE 120 MINING: USE CASES
                    TABLE 121 MINING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 122 MINING: RISK ANALYTICS MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.11 CONSTRUCTION 
           9.11.1 QUANTIFICATION OF RISKS TO ASSIST IN PROJECT PLANNING, RESOURCE ALLOCATION, PROCUREMENT, AND CONTRACT MANAGEMENT
                    TABLE 123 CONSTRUCTION: USE CASES
                    TABLE 124 CONSTRUCTION: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 125 CONSTRUCTION: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.12 OTHER VERTICALS 
                    TABLE 126 OTHER VERTICALS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 127 OTHER VERTICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
10 RISK ANALYTICS MARKET, BY REGION (Page No. - 169)
     10.1 INTRODUCTION 
               FIGURE 45 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
               FIGURE 46 INDIA TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
               TABLE 128 MARKET, BY REGION, 2019–2023 (USD MILLION)
               TABLE 129 MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: IMPACT OF RECESSION
                       FIGURE 47 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 130 NORTH AMERICA: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                       TABLE 131 NORTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                       TABLE 132 NORTH AMERICA: RISK ANALYTICS MARKET, BY TYPE, 2019–2023 (USD MILLION)
                       TABLE 133 NORTH AMERICA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 134 NORTH AMERICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 135 NORTH AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 136 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 137 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 138 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 139 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 140 NORTH AMERICA: MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                       TABLE 141 NORTH AMERICA: MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
                       TABLE 142 NORTH AMERICA: MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                       TABLE 143 NORTH AMERICA: MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
                       TABLE 144 NORTH AMERICA: RISK ANALYTICS MARKET, BY STRATEGIC RISK, 2019–2023 (USD MILLION)
                       TABLE 145 NORTH AMERICA: MARKET, BY STRATEGIC RISK, 2024–2029 (USD MILLION)
                       TABLE 146 NORTH AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 147 NORTH AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                       TABLE 148 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 149 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             10.2.3 US
                       10.2.3.1 Swift evolution of IT domain coupled with industrial advancements to propel market
                                   TABLE 150 US: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                                   TABLE 151 US: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                                   TABLE 152 US: MARKET, BY TYPE, 2019–2023 (USD MILLION)
                                   TABLE 153 US: RISK ANALYTICS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                                   TABLE 154 US: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 155 US: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 156 US: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 157 US: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 158 US: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 159 US: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
             10.2.4 CANADA
                       10.2.4.1 Increased transition toward cloud-based deployment models to accelerate market growth
     10.3 EUROPE 
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: RECESSION IMPACT
                       TABLE 160 EUROPE: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                       TABLE 161 EUROPE: RISK ANALYTICS MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                       TABLE 162 EUROPE: MARKET, BY TYPE, 2019–2023 (USD MILLION)
                       TABLE 163 EUROPE: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 164 EUROPE: RISK ANALYTICS SOLUTIONS MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 165 EUROPE: RISK ANALYTICS SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 166 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 167 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 168 EUROPE: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 169 EUROPE: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 170 EUROPE: MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                       TABLE 171 EUROPE: MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
                       TABLE 172 EUROPE: MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                       TABLE 173 EUROPE: MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
                       TABLE 174 EUROPE: RISK ANALYTICS MARKET, BY STRATEGIC RISK, 2019–2023 (USD MILLION)
                       TABLE 175 EUROPE: MARKET, BY STRATEGIC RISK, 2024–2029 (USD MILLION)
                       TABLE 176 EUROPE: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 177 EUROPE: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                       TABLE 178 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 179 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             10.3.3 UK
                       10.3.3.1 Proactive risk management strategies to navigate uncertainties and safeguard operations to boost market
                                   TABLE 180 UK: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                                   TABLE 181 UK: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                                   TABLE 182 UK: MARKET, BY TYPE, 2019–2023 (USD MILLION)
                                   TABLE 183 UK: RISK ANALYTICS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                                   TABLE 184 UK: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 185 UK: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 186 UK: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 187 UK: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 188 UK: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 189 UK: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
             10.3.4 GERMANY
                       10.3.4.1 Rise in tech advancements and growing demand for data-driven solutions to spur growth
             10.3.5 FRANCE
                       10.3.5.1 Strategic collaborations among technology entities, research bodies, and startups to foster market growth
             10.3.6 ITALY
                       10.3.6.1 Increasing regulatory complexity, demand for skilled professionals, and rising risk management needs to drive market
             10.3.7 SPAIN
                       10.3.7.1 Government initiatives aimed at promoting digital transformation and innovation to accelerate adoption of risk analytics
             10.3.8 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 48 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 190 ASIA PACIFIC: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                       TABLE 191 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                       TABLE 192 ASIA PACIFIC: RISK ANALYTICS MARKET, BY TYPE, 2019–2023 (USD MILLION)
                       TABLE 193 ASIA PACIFIC: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 194 ASIA PACIFIC: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 195 ASIA PACIFIC: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 196 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 197 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 198 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 199 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 200 ASIA PACIFIC: MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                       TABLE 201 ASIA PACIFIC: MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
                       TABLE 202 ASIA PACIFIC: MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                       TABLE 203 ASIA PACIFIC: MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
                       TABLE 204 ASIA PACIFIC: RISK ANALYTICS MARKET, BY STRATEGIC RISK, 2019–2023 (USD MILLION)
                       TABLE 205 ASIA PACIFIC: MARKET, BY STRATEGIC RISK, 2024–2029 (USD MILLION)
                       TABLE 206 ASIA PACIFIC: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 207 ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                       TABLE 208 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 209 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             10.4.3 CHINA
                       10.4.3.1 Integration of risk analytics solutions into operational frameworks to drive market
                                   TABLE 210 CHINA: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                                   TABLE 211 CHINA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                                   TABLE 212 CHINA: MARKET, BY TYPE, 2019–2023 (USD MILLION)
                                   TABLE 213 CHINA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                                   TABLE 214 CHINA: RISK ANALYTICS MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 215 CHINA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 216 CHINA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                                   TABLE 217 CHINA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                                   TABLE 218 CHINA: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 219 CHINA: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
             10.4.4 INDIA
                       10.4.4.1 Rising need for real-time analytics and industry-specific risk management requirements to boost market growth
             10.4.5 JAPAN
                       10.4.5.1 Adoption of risk appetite frameworks and stress testing in banks to drive market
             10.4.6 SOUTH KOREA
                       10.4.6.1 Rising adoption of geospatial analytics across diverse industries to boost market
             10.4.7 SINGAPORE
                       10.4.7.1 Need to manage various risks, including financial and operational risks, to drive demand for risk analytics tools
             10.4.8 MALAYSIA
                       10.4.8.1 Increasing adoption of digital technologies and growing demand for risk management in various industries to foster growth
             10.4.9 AUSTRALIA & NEW ZEALAND
                       10.4.9.1 Rising uptake of cloud-based solutions and heightened awareness of cybersecurity threats to propel market
               10.4.10 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
                       TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                       TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                       TABLE 222 MIDDLE EAST & AFRICA: RISK ANALYTICS MARKET, BY TYPE, 2019–2023 (USD MILLION)
                       TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 224 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 225 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 226 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 227 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 228 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 229 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 230 MIDDLE EAST & AFRICA: MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                       TABLE 231 MIDDLE EAST & AFRICA: MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
                       TABLE 232 MIDDLE EAST & AFRICA: RISK ANALYTICS MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                       TABLE 233 MIDDLE EAST & AFRICA: MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
                       TABLE 234 MIDDLE EAST & AFRICA: MARKET, BY STRATEGIC RISK, 2019–2023 (USD MILLION)
                       TABLE 235 MIDDLE EAST & AFRICA: MARKET, BY STRATEGIC RISK, 2024–2029 (USD MILLION)
                       TABLE 236 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 237 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                       TABLE 238 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 239 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2024–2029 (USD MILLION)
             10.5.3 UAE
                       10.5.3.1 Increasing competitiveness among regulating firms and latest technological developments to spike market growth
             10.5.4 KSA
                       10.5.4.1 Increasing adoption of IoT solutions and evolving cyber threat landscape to drive economic growth
             10.5.5 QATAR
                       10.5.5.1 Growing emphasis on risk management across industries to drive market
             10.5.6 ISRAEL
                       10.5.6.1 Increasing need for risk management in banking and financial services sector to accelerate market growth
             10.5.7 SOUTH AFRICA
                       10.5.7.1 Government initiatives and substantial foreign investments to drive innovation
             10.5.8 REST OF MIDDLE EAST & ARICA
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: IMPACT OF RECESSION
                       TABLE 240 LATIN AMERICA: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
                       TABLE 241 LATIN AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
                       TABLE 242 LATIN AMERICA: MARKET, BY TYPE, 2019–2023 (USD MILLION)
                       TABLE 243 LATIN AMERICA: RISK ANALYTICS MARKET, BY TYPE, 2024–2029 (USD MILLION)
                       TABLE 244 LATIN AMERICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 245 LATIN AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 246 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 247 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 248 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 249 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 250 LATIN AMERICA: MARKET, BY RISK STAGE, 2019–2023 (USD MILLION)
                       TABLE 251 LATIN AMERICA: MARKET, BY RISK STAGE, 2024–2029 (USD MILLION)
                       TABLE 252 LATIN AMERICA: MARKET, BY RISK TYPE, 2019–2023 (USD MILLION)
                       TABLE 253 LATIN AMERICA: MARKET, BY RISK TYPE, 2024–2029 (USD MILLION)
                       TABLE 254 LATIN AMERICA: MARKET, BY STRATEGIC RISK, 2019–2023 (USD MILLION)
                       TABLE 255 LATIN AMERICA: RISK ANALYTICS MARKET, BY STRATEGIC RISK, 2024–2029 (USD MILLION)
                       TABLE 256 LATIN AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 257 LATIN AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
                       TABLE 258 LATIN AMERICA: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 259 LATIN AMERICA: MARKET, BY REGION, 2024–2029 (USD MILLION)
             10.6.3 BRAZIL
                       10.6.3.1 Significant growth and innovation due to increasing implementation of AI and ML technologies
             10.6.4 MEXICO
                       10.6.4.1 Increase in clients’ needs, stricter regulations, and technological innovations to boost demand for risk analytics
             10.6.5 ARGENTINA
                       10.6.5.1 Government initiatives in Argentina to foster market growth
             10.6.6 REST OF LATIN AMERICA
 
11 COMPETITIVE LANDSCAPE (Page No. - 227)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 260 OVERVIEW OF STRATEGIES ADOPTED BY KEY RISK ANALYTICS VENDORS
     11.3 REVENUE ANALYSIS 
               FIGURE 49 TOP FIVE PLAYERS DOMINATED MARKET IN LAST FIVE YEARS
     11.4 MARKET SHARE ANALYSIS 
               FIGURE 50 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2023
             11.4.1 MARKET RANKING ANALYSIS
                       TABLE 261 MARKET: DEGREE OF COMPETITION
     11.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 
               FIGURE 51 BRAND/PRODUCT COMPARATIVE ANALYSIS
     11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                       FIGURE 52 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                       11.6.5.1 Company footprint
                                   FIGURE 53 COMPANY FOOTPRINT (17 COMPANIES)
                       11.6.5.2 Offering footprint
                                   TABLE 262 OFFERING FOOTPRINT (17 COMPANIES)
                       11.6.5.3 Risk stage footprint
                                   TABLE 263 RISK STAGE FOOTPRINT (17 COMPANIES)
                       11.6.5.4 Regional footprint
                                   TABLE 264 REGIONAL FOOTPRINT (17 COMPANIES)
                       11.6.5.5 Vertical footprint
                                   TABLE 265 VERTICAL FOOTPRINT (17 COMPANIES)
     11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                       FIGURE 54 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
             11.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                       TABLE 266 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 267 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.8 COMPETITIVE SCENARIO AND TRENDS 
             11.8.1 PRODUCT LAUNCHES
                       TABLE 268 MARKET: PRODUCT LAUNCHES, JANUARY 2022 – APRIL 2024
             11.8.2 DEALS
                       TABLE 269 MARKET: DEALS, JANUARY 2022 – APRIL 2024
             11.8.3 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
                       FIGURE 55 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
                       FIGURE 56 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY VENDORS
 
12 COMPANY PROFILES (Page No. - 249)
     12.1 INTRODUCTION 
     12.2 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             12.2.1 IBM
                       TABLE 270 IBM: BUSINESS OVERVIEW
                       FIGURE 57 IBM: COMPANY SNAPSHOT
                       TABLE 271 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 272 IBM: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 273 IBM: DEALS
             12.2.2 ORACLE
                       TABLE 274 ORACLE: BUSINESS OVERVIEW
                       FIGURE 58 ORACLE: COMPANY SNAPSHOT
                       TABLE 275 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 276 ORACLE: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 277 ORACLE: DEALS
             12.2.3 FIS
                       TABLE 278 FIS: BUSINESS OVERVIEW
                       FIGURE 59 FIS: COMPANY SNAPSHOT
                       TABLE 279 FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 280 FIS: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 281 FIS: DEALS
             12.2.4 MOODY’S ANALYTICS
                       TABLE 282 MOODY'S ANALYTICS: BUSINESS OVERVIEW
                       FIGURE 60 MOODY'S ANALYTICS: COMPANY SNAPSHOT
                       TABLE 283 MOODY'S ANALYTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 284 MOODY'S ANALYTICS: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 285 MOODY’S ANALYTICS: DEALS
                       TABLE 286 MOODY’S ANALYTICS: EXPANSIONS
             12.2.5 AON
                       TABLE 287 AON: BUSINESS OVERVIEW
                       FIGURE 61 AON: COMPANY SNAPSHOT
                       TABLE 288 AON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 289 AON: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 290 AON: DEALS
                       TABLE 291 AON: EXPANSIONS
             12.2.6 SERVICENOW
                       TABLE 292 SERVICENOW: BUSINESS OVERVIEW
                       FIGURE 62 SERVICENOW: COMPANY SNAPSHOT
                       TABLE 293 SERVICENOW: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 294 SERVICENOW: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 295 SERVICENOW: DEALS
             12.2.7 SAP
                       TABLE 296 SAP: BUSINESS OVERVIEW
                       FIGURE 63 SAP: COMPANY SNAPSHOT
                       TABLE 297 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 298 SAP: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 299 SAP: DEALS
             12.2.8 MARSH MCLENNAN
                       TABLE 300 MARSH MCLENNAN: BUSINESS OVERVIEW
                       FIGURE 64 MARSH MCLENNAN: COMPANY SNAPSHOT
                       TABLE 301 MARSH MCLENNAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.9 SAS INSTITUTE
                       TABLE 302 SAS INSTITUTE: BUSINESS OVERVIEW
                       TABLE 303 SAS INSTITUTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 304 SAS INSTITUTE: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 305 SAS INSTITUTE: DEALS
             12.2.10 PROCESSUNITY
                                   TABLE 306 PROCESSUNITY: BUSINESS OVERVIEW
                                   TABLE 307 PROCESSUNITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 308 PROCESSUNITY: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 309 PROCESSUNITY: DEALS
             12.2.11 METRICSTREAM
                                   TABLE 310 METRICSTREAM: BUSINESS OVERVIEW
                                   TABLE 311 METRICSTREAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 312 METRICSTREAM: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 313 METRICSTREAM: DEALS
             12.2.12 RESOLVER
                                   TABLE 314 RESOLVER: BUSINESS OVERVIEW
                                   TABLE 315 RESOLVER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 316 RESOLVER: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 317 RESOLVER: DEALS
             12.2.13 MILLIMAN
             12.2.14 LOGICMANAGER
             12.2.15 PROVENIR
             12.2.16 SAI360
             12.2.17 DELOITTE
             12.2.18 DILIGENT
             12.2.19 ALTERYX
             12.2.20 CRISIL
     12.3 OTHER PLAYERS 
             12.3.1 ONETRUST
             12.3.2 ARCHER
             12.3.3 ZESTY.AI
             12.3.4 FUSION RISK MANAGEMENT
             12.3.5 RISKVILLE
             12.3.6 SPIN ANALYTICS
             12.3.7 KYVOS INSIGHTS
             12.3.8 IMPERVA
             12.3.9 CIRIUM
             12.3.10 QUANTEXA
             12.3.11 CLICKUP
             12.3.12 SPRINTO
             12.3.13 VENTIV
             12.3.14 ADENZA
             12.3.15 CENTRL
             12.3.16 SAFETYCULTURE
             12.3.17 QUANTIFI
             12.3.18 CUBELOGIC LIMITED
             12.3.19 ONSPRING
             12.3.20 RISKOPTICS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
 
13 ADJACENT AND RELATED MARKETS (Page No. - 321)
     13.1 INTRODUCTION 
     13.2 INSURANCE ANALYTICS MARKET 
             13.2.1 MARKET DEFINITION
             13.2.2 MARKET OVERVIEW
                       13.2.2.1 Insurance analytics market, by component
                                   TABLE 318 INSURANCE ANALYTICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
                                   TABLE 319 INSURANCE ANALYTICS MARKET, BY COMPONENT, 2020–2026 (USD MILLION)
                                   TABLE 320 SERVICES: INSURANCE ANALYTICS MARKET, BY TYPE, 2016–2019 (USD MILLION)
                                   TABLE 321 SERVICES: INSURANCE ANALYTICS MARKET, BY TYPE, 2020–2026 (USD MILLION)
                       13.2.2.2 Insurance analytics market, by application
                                   TABLE 322 APPLICATIONS: INSURANCE ANALYTICS MARKET, BY TYPE, 2016–2019 (USD MILLION)
                                   TABLE 323 APPLICATIONS: INSURANCE ANALYTICS MARKET, BY TYPE, 2020–2026 (USD MILLION)
                       13.2.2.3 Insurance analytics market, by deployment mode
                                   TABLE 324 INSURANCE ANALYTICS MARKET, BY DEPLOYMENT MODE, 2016–2019 (USD MILLION)
                                   TABLE 325 INSURANCE ANALYTICS MARKET, BY DEPLOYMENT MODE, 2020–2026 (USD MILLION)
                       13.2.2.4 Insurance analytics market, by organization size
                                   TABLE 326 INSURANCE ANALYTICS MARKET, BY ORGANIZATION SIZE, 2016–2019 (USD MILLION)
                                   TABLE 327 INSURANCE ANALYTICS MARKET, BY ORGANIZATION SIZE, 2020–2026 (USD MILLION)
                       13.2.2.5 Insurance analytics market, by end user
                                   TABLE 328 INSURANCE ANALYTICS MARKET, BY END USER, 2016–2019 (USD MILLION)
                                   TABLE 329 INSURANCE ANALYTICS MARKET, BY END USER, 2020–2026 (USD MILLION)
                       13.2.2.6 Insurance analytics market, by region
                                   TABLE 330 INSURANCE ANALYTICS MARKET, BY REGION, 2016–2019 (USD MILLION)
                                   TABLE 331 INSURANCE ANALYTICS MARKET, BY REGION, 2020–2026 (USD MILLION)
     13.3 FRAUD DETECTION AND PREVENTION MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
                       13.3.2.1 Fraud detection and prevention market, by fraud type
                                   TABLE 332 FRAUD DETECTION AND PREVENTION MARKET, BY FRAUD TYPE, 2017–2022 (USD MILLION)
                                   TABLE 333 FRAUD DETECTION AND PREVENTION MARKET, BY FRAUD TYPE, 2023–2028 (USD MILLION)
                       13.3.2.2 Fraud detection and prevention market, by offering
                                   TABLE 334 FRAUD DETECTION AND PREVENTION MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 335 FRAUD DETECTION AND PREVENTION MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       13.3.2.3 Fraud detection and prevention market, by deployment mode
                                   TABLE 336 FRAUD DETECTION AND PREVENTION MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 337 FRAUD DETECTION AND PREVENTION MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       13.3.2.4 Fraud detection and prevention market, by organization size
                                   TABLE 338 FRAUD DETECTION AND PREVENTION MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 339 FRAUD DETECTION AND PREVENTION MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       13.3.2.5 Fraud detection and prevention market, by vertical
                                   TABLE 340 FRAUD DETECTION AND PREVENTION MARKET, BY VERTICAL, 2017–2022 (USD MILLION)
                                   TABLE 341 FRAUD DETECTION AND PREVENTION MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                       13.3.2.6 Fraud detection and prevention market, by region
                                   TABLE 342 FRAUD DETECTION AND PREVENTION MARKET, BY REGION, 2017–2022 (USD MILLION)
                                   TABLE 343 FRAUD DETECTION AND PREVENTION MARKET, BY REGION, 2023–2028 (USD MILLION)
 
14 APPENDIX (Page No. - 334)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The research study for the risk analytics market involved extensive secondary sources, directories, and several journals. Primary sources were mainly industry experts from the core and related industries, preferred risk analytics solution providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, and assess the market’s prospects.

Secondary Research

The market size of companies offering risk analytics software and services was arrived at based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

In the secondary research process, various sources were referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendor websites. Additionally, risk analytics spending of various countries was extracted from the respective sources. Secondary research was mainly used to obtain key information related to the industry’s value chain and supply chain to identify key players based on software, services, market classification, and segmentation according to offerings of major players, industry trends related to software, services, risk type, risk stages, verticals, and regions, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and risk analytics expertise; related key executives from risk analytics solution vendors, SIs, professional service providers, and industry associations; and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using risk analytics, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of risk analytics software and services which would impact the overall risk analytics market.

The following is the breakup of primary profiles:

Risk Analytics  Market Size, and Share

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

Market Size Estimation

Multiple approaches were adopted for estimating and forecasting the risk analytics market. The first approach involves estimating the market size by summation of companies’ revenue generated through the sale of software, and services.

Market Size Estimation Methodology-Top-down approach

In the top-down approach, an exhaustive list of all the vendors offering software and services in the risk analytics market was prepared. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor’s offerings were evaluated based on the breadth of offerings, risk types, risk stages, verticals, and regions. The aggregate of all the companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets repository for validation.

Market Size Estimation Methodology-Bottom-up approach

In the bottom-up approach, the adoption rate of risk analytics offerings among different end users in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of risk analytics solutions and services among industries, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in the different areas for the market size calculation.

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the risk analytics market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major risk analytics solution providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primaries, the exact values of the overall risk analytics market size and segments’ size were determined and confirmed using

Top-down and Bottom-up approaches

Risk Analytics Market Top Down Bottom Up Approach

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Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall 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.

Market Definition

Risk analytics encompasses methodologies aimed at enhancing the precision of risk assessment and prediction. Enabled by the proliferation of big data, bolstered computing capabilities, and sophisticated analytics, enterprises now wield their operational data more effectively. Leveraging artificial intelligence, machine learning, and robust BI acceleration platforms, businesses bolster their decision-making processes. Such tools are indispensable for managers leveraging risk analytics techniques to discern, quantify, and address risk factors. While risk management is a longstanding corporate imperative, these advancements amplify its efficacy in contemporary business landscapes.

Stakeholders

  • Risk analytics software providers
  • Independent Software Vendors (ISVs)
  • Investors and Venture Capitalists (VCs)
  • Managed service providers
  • Support and maintenance service providers
  • System Integrators (SIs)/migration service providers
  • Value-added Resellers (VARs) and distributors
  • Consultancy firms and advisory firms
  • Regulatory agencies
  • Governments

Report Objectives

  • To define, describe, and predict the risk analytics market by offering, risk type, risk stages, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies
  • To analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, 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

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis as per Feasibility

  • Further breakup of the North American risk analytics Market
  • Further breakup of the European Market
  • Further breakup of the Asia Pacific Market
  • Further breakup of the Middle East & Africa Market
  • Further breakup of the Latin American risk analytics Market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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