April 28, 2024
ICT

Risk Analytics Market Size to Garner USD 79.24 Billion by 2032

The global risk analytics market size was estimated to be around US$ 38.32 billion in 2022. It is projected to reach US$ 79.24 billion by 2032, indicating a CAGR of 7.54% from 2023 to 2032.

Risk Analytics Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 36% of revenue share in 2022.
  • Asia Pacific is expected to witness the fastest rate of growth during the forecast period.
  • By Component, the software segment dominated the market in 2022.
  • By Deployment, the on-premise segment dominated the global risk analytics market in 2022.
  • By Deployment, the cloud-based segment is expected to witness the fastest rate of growth during the forecast period.
  • By Enterprise Size, the large enterprise dominated the market in 2022.
  • By Risk Type Application, the financial risk segment led the global market in 2022.
  • By Risk Type Application, the operational risk segment is expected to grow significantly during the forecast period.
  • By End-user, the banking, financial, service, and insurance (BFSI) segment dominated the market in 2022.
  • By End-user, the segment is expected to sustain the position throughout the forecast period.

Overview:

The Risk Analytics Market refers to the sector that deals with tools and technologies designed to assess, manage, and mitigate various risks within business operations. This includes financial risks, cybersecurity threats, regulatory compliance, and other uncertainties that organizations may face. The market encompasses a range of software solutions, data analytics techniques, and predictive modeling to help businesses make informed decisions and proactively address potential challenges. As the business landscape evolves, the demand for robust risk analytics continues to grow, making it a crucial component for companies aiming to navigate uncertainties and ensure long-term stability.

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Risk Analytics Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 7.54%
Market Size in 2023 USD 41.19 Billion
Market Size by 2032 USD 79.24 Billion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Component, By Deployment, By Enterprise, By Risk Type Application, and By End-User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Risk Analytics Market Growth Factors: 

The growth of the Risk Analytics Market can be attributed to several key factors. Firstly, the increasing complexity of business operations and the growing volume of data generated have propelled the demand for advanced analytics solutions to manage and mitigate risks effectively. Organizations across various industries are recognizing the importance of data-driven decision-making in identifying potential risks and opportunities. Additionally, the rising frequency and sophistication of cyber threats have heightened the need for robust risk analytics tools to safeguard sensitive information and maintain business continuity. Moreover, regulatory requirements and compliance standards continue to evolve, prompting businesses to invest in sophisticated risk management solutions to ensure adherence and avoid penalties. As the business landscape becomes more interconnected, the integration of artificial intelligence and machine learning in risk analytics further enhances the accuracy and efficiency of risk assessments. Overall, the Risk Analytics Market is poised for growth as businesses prioritize proactive risk management strategies in an increasingly dynamic and interconnected environment.

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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global Risk analytics market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Risk analytics market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Risk analytics products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the Risk analytics market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on Risk analytics market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Risk analytics market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Risk Analytics Market Players

  • Capgemini
  • BRIDGEi2i Analytics
  • Accenture plc
  • SAP SE
  • Moody’s Analytics, Inc.
  • International Business Machines Corporation
  • Risk Edge Solutions
  • Oracle Corporation
  • Fidelity National Information Services
  • Inc. (FIS)
  • SAS Institute Inc.

Market Segmentations

By Component

  • Solution
    • Software
      • Extract, Transform, and Load (ETL) tools
      • Risk calculation engines
      • Scorecard and visualization tools
      • Dashboard analytics and risk reporting tools
      • GRC software
      • Others (operational risk management, human resource risk management, and project risk management)
    • Services
      • Professional Services
      • Managed Services

By Deployment

  • On-premises
  • Cloud

By Enterprise

  • Large enterprises
  • Small and medium-sized enterprises (SMEs)

By Risk Type Application

  • Financial Risk
  • Strategic Risk
  • Operational Risk
  • Others (Reputational Risk, Environmental Risk, Third-Party Risk, And Economic Risk)

By End-User

  • Banking and Financial Services
  • Insurance
  • Manufacturing
  • Transportation and Logistics
  • Retail and Consumer Goods
  • IT and Telecom
  • Government and Defense
  • Healthcare and Life Sciences
  • Energy and Utilities

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Risk Analytics Market 

5.1. COVID-19 Landscape: Risk Analytics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Risk Analytics Market, By Component

8.1. Risk Analytics Market, by Component, 2023-2032

8.1.1. Solution

8.1.1.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Risk Analytics Market, By Deployment

9.1. Risk Analytics Market, by Deployment, 2023-2032

9.1.1. On-premises

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Cloud

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Risk Analytics Market, By Enterprise 

10.1. Risk Analytics Market, by Enterprise, 2023-2032

10.1.1. Large enterprises

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Small and medium-sized enterprises (SMEs)

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Risk Analytics Market, By Risk Type Application

11.1. Risk Analytics Market, by Risk Type Application, 2023-2032

11.1.1. Financial Risk

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Strategic Risk

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Operational Risk

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Others (Reputational Risk, Environmental Risk, Third-Party Risk, And Economic Risk)

11.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Risk Analytics Market, By End-User

12.1. Risk Analytics Market, by End-User, 2023-2032

12.1.1. Banking and Financial Services

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Insurance

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Manufacturing

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. Transportation and Logistics

12.1.4.1. Market Revenue and Forecast (2020-2032)

12.1.5. Retail and Consumer Goods

12.1.5.1. Market Revenue and Forecast (2020-2032)

12.1.6. IT and Telecom

12.1.6.1. Market Revenue and Forecast (2020-2032)

12.1.7. Government and Defense

12.1.7.1. Market Revenue and Forecast (2020-2032)

12.1.8. Healthcare and Life Sciences

12.1.8.1. Market Revenue and Forecast (2020-2032)

12.1.9. Energy and Utilities

12.1.9.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Risk Analytics Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Component (2020-2032)

13.1.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.1.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.1.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.1.5. Market Revenue and Forecast, by End-User (2020-2032)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Component (2020-2032)

13.1.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.1.6.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.1.6.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.1.6.5. Market Revenue and Forecast, by End-User (2020-2032)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Component (2020-2032)

13.1.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.1.7.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.1.7.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.1.7.5. Market Revenue and Forecast, by End-User (2020-2032)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Component (2020-2032)

13.2.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.2.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.2.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.2.5. Market Revenue and Forecast, by End-User (2020-2032)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Component (2020-2032)

13.2.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.2.6.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.2.7. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.2.8. Market Revenue and Forecast, by End-User (2020-2032)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Component (2020-2032)

13.2.9.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.2.9.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.2.10. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.2.11. Market Revenue and Forecast, by End-User (2020-2032)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Component (2020-2032)

13.2.12.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.2.12.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.2.12.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.2.13. Market Revenue and Forecast, by End-User (2020-2032)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Component (2020-2032)

13.2.14.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.2.14.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.2.14.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.2.15. Market Revenue and Forecast, by End-User (2020-2032)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Component (2020-2032)

13.3.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.3.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.3.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.3.5. Market Revenue and Forecast, by End-User (2020-2032)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Component (2020-2032)

13.3.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.3.6.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.3.6.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.3.7. Market Revenue and Forecast, by End-User (2020-2032)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Component (2020-2032)

13.3.8.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.3.8.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.3.8.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.3.9. Market Revenue and Forecast, by End-User (2020-2032)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Component (2020-2032)

13.3.10.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.3.10.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.3.10.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.3.10.5. Market Revenue and Forecast, by End-User (2020-2032)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Component (2020-2032)

13.3.11.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.3.11.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.3.11.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.3.11.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Component (2020-2032)

13.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.4.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.4.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.4.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Component (2020-2032)

13.4.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.4.6.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.4.6.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.4.7. Market Revenue and Forecast, by End-User (2020-2032)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Component (2020-2032)

13.4.8.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.4.8.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.4.8.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.4.9. Market Revenue and Forecast, by End-User (2020-2032)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Component (2020-2032)

13.4.10.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.4.10.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.4.10.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.4.10.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Component (2020-2032)

13.4.11.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.4.11.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.4.11.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.4.11.5. Market Revenue and Forecast, by End-User (2020-2032)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Component (2020-2032)

13.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.5.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.5.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.5.5. Market Revenue and Forecast, by End-User (2020-2032)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Component (2020-2032)

13.5.6.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.5.6.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.5.6.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.5.7. Market Revenue and Forecast, by End-User (2020-2032)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Component (2020-2032)

13.5.8.2. Market Revenue and Forecast, by Deployment (2020-2032)

13.5.8.3. Market Revenue and Forecast, by Enterprise (2020-2032)

13.5.8.4. Market Revenue and Forecast, by Risk Type Application (2020-2032)

13.5.8.5. Market Revenue and Forecast, by End-User (2020-2032)

Chapter 14. Company Profiles

14.1. Capgemini

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. BRIDGEi2i Analytics

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Accenture plc

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. SAP SE

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Moody’s Analytics, Inc.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. International Business Machines Corporation

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Risk Edge Solutions

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Oracle Corporation

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Fidelity National Information Services

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Inc. (FIS)

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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