Market Overview:
The global risk analytics market is expected to grow from USD 9.8 billion in 2018 to USD 21.3 billion by 2030, at a CAGR of 10.9% during the forecast period. The growth of the global risk analytics market can be attributed to the increasing demand for risk management solutions across industries and rising need for regulatory compliance. However, data privacy and security concerns may restrain the growth of this market to some extent during the forecast period. Based on type, the global risk analytics market is segmented into strategic risk, operational risk, financialrisk, and others.
Product Definition:
Risk analytics is the process of quantifying and managing risk. It is important because it allows organizations to identify, measure, and respond to risks in a proactive manner. By using risk analytics, businesses can make better decisions about where to allocate resources and how best to protect their operations.
Strategic Risk:
Strategic risk is the threat of losing a company's or an industry's competitive advantage due to decisions made by competitors, customers, and suppliers. It is also known as business risk or external risk. Strategic risks are broader than operational risks; they go beyond the control of day-to-day operations and affect long term profitability as well as growth prospects. These are major challenges faced by organizations globally that demand solutions for mitigating these risks in order to maintain their market position.
Operational Risk:
Operational risk is the risk that a system or an asset could be damaged or destroyed because of operational errors. It can be defined as the combination of legal, reputational and financial risks associated with the use of a product or service. Operational risks are different from business-related risks which are covered under business analytics market. Operational risk includes various types such as cyber security, physical security, credit management and fraud management among others.
Application Insights:
The banking and financial services segment dominated the global risk analytics market in 2017. The growing adoption of advanced quantitative techniques for managing risks is one of the key factors driving the growth. Furthermore, regulatory changes such as Basel III have increased the importance of identifying, measuring, and monitoring operational risks to banks and other financial institutions. This has led to an increase in demand for solutions that can help identify potential losses and monitor activities across departments within a bank or across different industries.
The insurance application segment is expected to witness significant growth over the forecast period owing to its need for developing policies that minimize long-term investments with low-risk prospects while maximizing returns on capital invested by adopting various quantitative techniques such as scenario planning, probabilistic modeling & analysis, Monte Carlo simulation & optimization algorithms etc.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing government regulations and initiatives for improving risk management practices across various industries in the region. For instance, in February 2016, The North American Risk & Insurance Exchange (NARIII) launched a new initiative called “Risk Based Capital Standards†that will apply capital requirements based on risk category instead of focusing solely on regulatory minimums. This initiative is expected to improve overall capitalization rates of banks operating in the U.S., which would ultimately benefit regional market growth over next eight years or so.
Asia Pacific is estimated to witness significant growth during the forecast period owing to rising demand for insurance products from emerging economies such as India and China among others coupled with growing financial sector due primarily high economic development along with rapid industrialization.
Growth Factors:
- Increasing demand for risk analytics solutions from banking, financial services, and insurance (BFSI) sector to mitigate risk and protect their investments.
- Rising adoption of big data and advanced analytics technologies by risk analytics vendors to offer more sophisticated solutions.
- Growing demand for cloud-based risk analytics solutions due to their scalability and flexibility benefits.
- Proliferation of Internet of Things (IoT) devices and the associated data generation is expected to fuel the growth of the market in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Risk Analytics Market Research Report
By Type
Strategic Risk, Operational Risk, Financial Risk, Others
By Application
Banking and Financial Services, Insurance, Manufacturing, Transportation and Logistics, Retail and Consumer Goods, IT and Telecommunication, Government and Defense, Healthcare and Life Sciences, Energy and Utilities
By Companies
Fidelity National Information Services, IBM, Oracle, SAP, SAS Institute, Moody's, Verisk Analytics, Axiomsl, Gurucul, Misys, Provenir, Risk Edge Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Risk Analytics Market Report Segments:
The global Risk Analytics market is segmented on the basis of:
Types
Strategic Risk, Operational Risk, Financial Risk, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking and Financial Services, Insurance, Manufacturing, Transportation and Logistics, Retail and Consumer Goods, IT and Telecommunication, Government and Defense, Healthcare and Life Sciences, Energy and Utilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fidelity National Information Services
- IBM
- Oracle
- SAP
- SAS Institute
- Moody's
- Verisk Analytics
- Axiomsl
- Gurucul
- Misys
- Provenir
- Risk Edge Solutions
Highlights of The Risk Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Strategic Risk
- Operational Risk
- Financial Risk
- Others
- By Application:
- Banking and Financial Services
- Insurance
- Manufacturing
- Transportation and Logistics
- Retail and Consumer Goods
- IT and Telecommunication
- Government and Defense
- Healthcare and Life Sciences
- Energy and Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Risk Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Risk analytics is a process that helps organizations identify, assess, and manage risks. It can help organizations make informed decisions about how to allocate resources and protect themselves from potential losses. Risk analytics can also help companies improve their decision-making processes by providing them with data on which risks are most likely to occur and how likely they are to result in financial or operational losses.
Some of the key players operating in the risk analytics market are Fidelity National Information Services, IBM, Oracle, SAP, SAS Institute, Moody's, Verisk Analytics, Axiomsl, Gurucul, Misys, Provenir, Risk Edge Solutions.
The risk analytics market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Risk Analytics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Risk Analytics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Risk Analytics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Risk Analytics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Risk Analytics Market Size & Forecast, 2018-2028
4.5.1 Risk Analytics Market Size and Y-o-Y Growth
4.5.2 Risk Analytics Market Absolute $ Opportunity
Chapter 5 Global Risk Analytics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Risk Analytics Market Size Forecast by Type
5.2.1 Strategic Risk
5.2.2 Operational Risk
5.2.3 Financial Risk
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Risk Analytics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Risk Analytics Market Size Forecast by Applications
6.2.1 Banking and Financial Services
6.2.2 Insurance
6.2.3 Manufacturing
6.2.4 Transportation and Logistics
6.2.5 Retail and Consumer Goods
6.2.6 IT and Telecommunication
6.2.7 Government and Defense
6.2.8 Healthcare and Life Sciences
6.2.9 Energy and Utilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Risk Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Risk Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Risk Analytics Analysis and Forecast
9.1 Introduction
9.2 North America Risk Analytics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Risk Analytics Market Size Forecast by Type
9.6.1 Strategic Risk
9.6.2 Operational Risk
9.6.3 Financial Risk
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Risk Analytics Market Size Forecast by Applications
9.10.1 Banking and Financial Services
9.10.2 Insurance
9.10.3 Manufacturing
9.10.4 Transportation and Logistics
9.10.5 Retail and Consumer Goods
9.10.6 IT and Telecommunication
9.10.7 Government and Defense
9.10.8 Healthcare and Life Sciences
9.10.9 Energy and Utilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Risk Analytics Analysis and Forecast
10.1 Introduction
10.2 Europe Risk Analytics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Risk Analytics Market Size Forecast by Type
10.6.1 Strategic Risk
10.6.2 Operational Risk
10.6.3 Financial Risk
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Risk Analytics Market Size Forecast by Applications
10.10.1 Banking and Financial Services
10.10.2 Insurance
10.10.3 Manufacturing
10.10.4 Transportation and Logistics
10.10.5 Retail and Consumer Goods
10.10.6 IT and Telecommunication
10.10.7 Government and Defense
10.10.8 Healthcare and Life Sciences
10.10.9 Energy and Utilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Risk Analytics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Risk Analytics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Risk Analytics Market Size Forecast by Type
11.6.1 Strategic Risk
11.6.2 Operational Risk
11.6.3 Financial Risk
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Risk Analytics Market Size Forecast by Applications
11.10.1 Banking and Financial Services
11.10.2 Insurance
11.10.3 Manufacturing
11.10.4 Transportation and Logistics
11.10.5 Retail and Consumer Goods
11.10.6 IT and Telecommunication
11.10.7 Government and Defense
11.10.8 Healthcare and Life Sciences
11.10.9 Energy and Utilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Risk Analytics Analysis and Forecast
12.1 Introduction
12.2 Latin America Risk Analytics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Risk Analytics Market Size Forecast by Type
12.6.1 Strategic Risk
12.6.2 Operational Risk
12.6.3 Financial Risk
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Risk Analytics Market Size Forecast by Applications
12.10.1 Banking and Financial Services
12.10.2 Insurance
12.10.3 Manufacturing
12.10.4 Transportation and Logistics
12.10.5 Retail and Consumer Goods
12.10.6 IT and Telecommunication
12.10.7 Government and Defense
12.10.8 Healthcare and Life Sciences
12.10.9 Energy and Utilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Risk Analytics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Risk Analytics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Risk Analytics Market Size Forecast by Type
13.6.1 Strategic Risk
13.6.2 Operational Risk
13.6.3 Financial Risk
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Risk Analytics Market Size Forecast by Applications
13.10.1 Banking and Financial Services
13.10.2 Insurance
13.10.3 Manufacturing
13.10.4 Transportation and Logistics
13.10.5 Retail and Consumer Goods
13.10.6 IT and Telecommunication
13.10.7 Government and Defense
13.10.8 Healthcare and Life Sciences
13.10.9 Energy and Utilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Risk Analytics Market: Competitive Dashboard
14.2 Global Risk Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fidelity National Information Services
14.3.2 IBM
14.3.3 Oracle
14.3.4 SAP
14.3.5 SAS Institute
14.3.6 Moody's
14.3.7 Verisk Analytics
14.3.8 Axiomsl
14.3.9 Gurucul
14.3.10 Misys
14.3.11 Provenir
14.3.12 Risk Edge Solutions
