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The Europe Risk Analytics Market Size would grow at a growth rate of 16.1% 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 portfoliostock 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. Almost all kinds of businesses need risk analysis of some form or other.
For instance, hedging foreign exchange exposure of overseas loans is important for commercial banks; large department stores on the other hand must work towards tracking recession times to identify revenue slowdown. Risk analysis is a strategy used by professionals to identify and mitigate risks on a timely manner, though not fully avoiding the risk factors. Appropriate risk analysis generally is a combination of mathematical and statistical software applications.
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 Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Risk Analytics market in 2016. France and Russia 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.