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The North America Risk Analytics Market Size is poised to grow at growth rate of 15.5% 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. Decision making can be significantly improved with the help of risk analytic solutions. It is also possible to accelerate and streamline risk processes and eventually significantly reduce costs that are incurred due to credit losses and also manage operational risk efficiently. The cost associated with the regulatory compliances can also be significantly reduced with the adoption of risk analytics.
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 US, Canada, Mexico and Rest of North America. US remained the dominant Country in the North America Risk Analytics market in 2016. Canada 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.