Risk analytics benefit in handling risks by taking out guesswork from risk-related issues using technologies and several techniques. Increasing complexities in business processes and Increasing business process automation are encouraging the market for risk analytics. Furthermore, the fintech industry is continuously witnessing innovation, which makes it prone to related risks. Risk analytics mainly help organizations in knowing the existence of risk within many business functions. It simplifies organizations to correctly recognize, define and manage their risk. New expansions in the risk analytics are converting the market and enhancing its capability. A new development, real-time risk analytics, for instance, is an advanced version of conventional risk analytics methods. Real time risk analytics solution deals with processing, examining and calculating risk on a real time basis. There are many ways in which banks of all types of financial organizations are applying analytics to better alleviate and manage risk. Increasing business process automation and increasing complexities in business processes are encouraging the market for risk analytics.

Risk Analytics Market is projected to grow up to US$ 52.70 billion by 2028 growing at a CAGR of 14.8% during the forecasting period 2023-2028

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

The key players of the market are IBM, Oracle, SAP, SAS Institute, Moody’s Corporation, FIS, Verisk Analytics, Inc., AxiomSL, Inc., Gurucul, Provenir, Risk Edge Solutions, BRIDGEi2i Analytics Solutions, Recorded Future, Inc., DataFactZ, and Digital Fineprint

The Risk Analytics Market report has been categorized as below     

By Deployment Mode

• Cloud
• On-premises

By Organization Size

• Small & Medium Enterprises
• Large Enterprises

By Risk Mode

• Strategic Risk
• Operational Risk
• Financial Risk
• Others

By Vertical

• Government and Defense
• Banking, Financial Services, and Insurance (BFSI)
• Consumer Goods and Retail
• IT and Telecom
• Healthcare
• Energy and Utilities
• Manufacturing

By Component

• Software

• Extract, Transform & Load Tools
• Risk Calculation Engines
• Scorecard & Visualization Tools
• Dashboard Analytics & Risk Reporting Tools
• GRC Software
• Others

• Services

• Professional Services
• Managed Services

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

The years considered for the study are as follows:

• Base year – 2022
• Estimated year – 2023
• Projected year – 2022
• Forecast period – 2023 to 2028

Key Questions Addressed by the Report

• New products/service competitors are exploring?
• Key players in the 3D printing filament market and how extreme is the competition?
• What are the future market trends that manufacturers are emphasizing on in the future updates?
• For each segment, what are the crucial opportunities in the market?
• What are the key growth strategies embraced by key market players in the market?
• What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

• Obtain comprehensive insights on the 3D printing filament & market trends
• Note comprehensive analysis of the market status
• Identifies the market opportunities and growth segments
• Assessing business segments & product portfolios, and explain competitive dynamics
• Provide strategy planning and industry dynamics to strengthen decision making