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Market Leader - Risk Analytics Market


Enterprises are investing heavily to harness benefits from the increasing volumes of data. At the same time, their investments are vital for improving risk management in the competitive environment. Enterprises are also developing advanced predictive models to optimize the risk exposure to accelerate growth, and to enhance performance and profitability. Automation has played an important role in increasing visibility, and also has assisted in managing complex risk functions. This, in turn, is driving the overall growth of risk analytics market.

Integration of Artificial Intelligence (AI), machine learning, deep learning, and cognitive technologies is resulting in operational transformations in numerous businesses, helping them to understand and predict risk prone areas. Furthermore, on-cloud and open source solutions are also expected to provide momentum to the increasing adoption of risk analytics solutions in the near future. The global risk analytics market size is projected to reach USD 35.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period of 2017–2022.

Major providers of risk analytics software and services in the risk analytics market include SAP SE (SAP; Germany), IBM Corporation (IBM; US), Moodys Analytics, Inc. (Moody’s; US), SAS Institute Inc. (SAS; US), Oracle Corporation (Oracle; US), Verisk Analytics, Inc. (US), Risk Edge Solutions (India), Misys (UK), Fidelity National Information Services Inc. (FIS; US), AxiomSL (US), Gurucul (US), and Provenir (US). They have adopted various strategies to expand their presence and market share, such as Collaborations, strategic partnerships, and agreements; new establishments; new product launches; and product enhancements. IBM, Moody’s, Oracle, and SAP are some of the major market players with global operations.

IBM is an established player providing software and related services worldwide. The company has been investing and innovating for developing risk management solutions. Furthermore, in order to better serve its clients, the company has been driving product developments by acquiring capabilities to visualize, comprehend, gather, and examine data to understand the risks associated with the protection of crucial data. Complementary acquisitions and strategic partnerships have enabled IBM to sustain its leadership position in the global risk analytics market. For instance, IBM acquired Agile 3 Solutions, a provider of GRC (governance, risk and compliance) solutions, to enhance their risk analytics portfolio.

Moody’s is another major provider of risk analytics tools and services. With its offices in North America, Europe, Middle East, and Africa (EMEA), Asia Pacific (APAC), and Latin America, the company assists in monitoring portfolio, corporate banking, financing, risk management and compliance, and investment banking. Moody’s offers consumer credit analytics, enterprise risk analytics, and structured analytics and valuation. The company focuses on expanding its services and products. It also provides training and certification that supports risk management and helps in formulating strategies.

Related Reports:

Risk Analytics Market by Software (ETL, Risk Calculation Engines, Scorecard and Visualization, Dashboard Analytics, and GRC), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Service, Deployment Model, and Vertical - Global Forecast to 2022

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