The Worldwide Financial Risk Management Software Market is Projected to reach USD 6.7 Billion by 2029, at a CAGR of 13.4%

Published Date: 31-May-2023

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Financial Risk Management Software Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Financial Risk Management Software Market size is expected to reach $6.7 billion by 2029, rising at a market growth of 13.4% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 14.4% during (2023 - 2029). This is due to the heightened intricacy of financial risk management. In today's dynamic business landscape, enterprises encounter increasing risks that demand specialized and sophisticated risk management solutions. To address these challenges, businesses often require the assistance of expert consulting services. Moreover, the current regulatory landscape has become more rigorous, prompting numerous enterprises to seek risk management solutions from service providers to meet compliance standards and evade sanctions, aiding the segment to grow.

The On-premise segment acquired maximum revenue share in the Global Financial Risk Management Software Market by Deployment Mode in 2022 thereby, achieving a market value of $4 billion by 2029. This is because on-premise solutions cater to a wide range of investment instruments, including traditional/mutual funds, alternative/hedge funds, and private equity funds. It empowers quantitative & qualitative research and analysis, risk analysis, scenario analysis, stress testing, exposure analysis, contribution and attribution analysis, asset allocation, portfolio construction, and management.

The Small & Medium-sized Enterprises (SMEs) segment has shown the growth rate of 14.9% during (2023 - 2029). This is owing to the substantial growth in the SME sector in the upcoming years due to the increasing need for cost-efficient and reliable financial risk management solutions among SMEs. Also, the increasing need for compliance with regulatory regulations is a significant factor driving the growth of the segment during the projected period.

The Banks segment is leading the Global Financial Risk Management Software Market by End User in 2022 thereby, achieving a market value of $3.1 billion by 2029. This is because financial risk management software empowers banks to efficiently manage the vast amount of financial and other data they handle. With this solution, banks can streamline coordination and control over their business processes, enhance performance measurement, and better understand their profit sources. Banks' primary risk is credit risk, which arises when loans are extended to customers without any assurance of repayment.

The North America market dominated the Global Financial Risk Management Software Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2.3 billion by 2029. The Europe market is exhibiting a CAGR of 13.1% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 14.4% during (2023 - 2029).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, SAP SE, SAS Institute, Inc., Experian PLC, Fiserv, Inc., Pegasystems Inc., CreditPoint Software, Optial UK Limited, Resolver Inc. (Kroll, LLC) and Lumivero, LLC.

Global Financial Risk Management Software Market Segmentation

By Component

  • Software (Without Services)
  • Services

By Deployment Mode

  • On-premise
  • Cloud

By Enterprise Size

  • Large Enterprises
  • Small & Medium-sized Enterprises (SMEs)

By End User

  • Banks
  • Insurance Companies
  • NBFCs
  • Credit Unions

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Oracle Corporation
  • SAP SE
  • SAS Institute, Inc.
  • Experian PLC
  • Fiserv, Inc.
  • Pegasystems Inc.
  • CreditPoint Software
  • Optial UK Limited
  • Resolver Inc. (Kroll, LLC)
  • Lumivero, LLC

Unique Offerings from KBV Research

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  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Market 2023-2029

Europe Market 2023-2029

Asia Pacific Market 2023-2029

LAMEA Market 2023-2029

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