Special Offering :
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
The Asia Pacific Risk Analytics Market Size is anticipated to experience a growth rate of 19.3% CAGR during the forecast period (2017 - 2023).
Risk analytics (or risk analysis) is the study that is used in identifying underlying uncertainty in a given course of action. The technique is used in parallel with professionals to curtail negative and unforeseen effects in the future. Risk analytics comprises activities such as tracking uncertainty of future cash flows streams, deviance of portfolio stock and its anticipated returns, statistical analysis to identify the probability of success or failure of a project, and probable economic states which would emerge in the future.
Within Banking and financial services, institutions and insurance companies are largely vulnerable to different kinds of attacks and are constantly under a threat of capital losses due to bad loans and non-performing assets (NPAs). Therefore, these organizations would majorly deploy risk analytics software and services to retain control of the system and at the same time manage risks and growing fraudulent activities. Based on Type, the market is segmented into the Risk Analytics market is segmented into Software and Services.
The Software market is further segmented into Extract, Transform & Load Tools, Scorecard & Visualization Tools, Risk Calculation Engines, Dashboard Analytics & Risk Reporting Tools, Governance, Risk & Compliance, and Others. Based on Risk Type, the market is segmented into Financial Risk, Operational Risk, Strategic Risk, and Others. Based on Deployment Type, the market is segmented into Cloud and On-Premise.
The verticals covered under the report include BSFI, Government, Risk Type, Healthcare, Manufacturing, Retail, Telecom & IT, Transportation & Logistics, and Others. Based on Country, Risk Analytics market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. China remained the dominant Country in the Asia Pacific Risk Analytics market in 2016.
India and South Korea would witness promising CAGR during the forecast period (2017-2023). The report covers the analysis of key stakeholders of the Risk Analytics market. Key companies profiled in the report include International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, SAS Institute, Inc., Fidelity National Information Services Inc., Moody?s Corporation, Verisk Analytics, Inc., and Axiomsl, Inc.