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The global Risk Analytics Market Size is expected to attain a market size of $43 billion by 2023, rising at a CAGR of 17% during the forecast period.
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. Businesses are aggressively incorporating risk analytics solutions to minimize losses and gain competitive edge in the market. Companies such as IBM Corporation, Oracle Corporation, and SAS Institute are a few companies that offer risk analytics solutions and services to address various market needs.
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 region, Risk Analytics market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the global Risk Analytics market in 2016. Asia Pacific would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders 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.