The Risk Analytics Market is expected to grow from USD 26.81 billion in 2020 to USD 52.33 billion by 2026 at a CAGR of 14% from 2020 to 2026.
Risk analytics is an emerging data analytics which emphasizes on estimating future risks for organizations. It helps in taking the guesswork out of managing risk-associated issues by using several techniques and technologies to gather insights, calculate possible scenarios, and estimate future events. Risk analytics and related technologies offer higher risk evaluation and risk migration capabilities compared to conventional analytics methodologies. These analytics are packed with various advantages, such as scalability, high performance, reduced cost of risk, reliability, agility and real-time applications. Rising complexities among business processes are propelling the global risk analytics market. Growing business complexities are creating challenges for organizations to manage a huge amount of data and discover possible risks. The key circumstances of increasing business complexity include the shifting nature of complexities, advancing innovations, complex regulation, dearth of information management and government oversight. Furthermore, owing to rising technological innovation and the rapid increase of new technologies, such as ML, AI, IoT and edge computing, data has been produced in a huge amount. The boom in data has resulted in increased business complexity, and decision-making has shifted trickier. These have positively projected in accelerating the growth of the global risk analytics market. The FinTech industry includes financial and technological solutions offering companies. This is the most data-sensitive industry which is prone to several types of risks, such as market compliance risk, cyberattacks and fraud detection. Since, organizations, both large enterprises and SMEs, are concentrating on the FinTech industry to invest in technology solutions, such as RPA and digitalization, and launch innovations in the market. The risk analytics market is being digitalized and innovated in several aspects, such as the introduction of new exclusive tech-enabled tools and the implementation of new business models for risk management. However, the complicate nature of regulatory compliance and high cost incurred in the installation are the factors restraining the market growth.
In addition, the advancements in technologies, as the emergence of advanced technologies allows quick transactions and settlements, which assists financial institutions and their customers perform transactions more easily while avoiding the intermediary charging fee and untapped potential in developing markets provide favorable growth opportunities to the market.
The global Risk Analytics Market is segregated on the basis of component as Solution and Service. Based on Deployment the global Risk Analytics Market is segmented in On-premise and Cloud. Based on End-user Vertical the global Risk Analytics Market is segmented in BFSI, Healthcare, Retail, Manufacturing and Other End-user Verticals.
The global Risk Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Risk Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Acadiasoft, Actify Data Labs, Alteryx, Amlgo Labs, Artivatic and others are among the major players in the global Risk Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Risk Analytics Market has been segmented as below:
Risk Analytics Market, By Component
Risk Analytics Market, By Deployment
Risk Analytics Market, By End-user Vertical
Risk Analytics Market, By Region
Risk Analytics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Risk Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Risk Analytics Market share. Major industry players with significant revenue share include Acadiasoft, Actify Data Labs, Alteryx, Amlgo Labs, Artivatic and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Risk Analytics Market, By Component
5.1. Key Points
5.2. Solution
5.3. Service
6. Risk Analytics Market, By Deployment
6.1. Key Points
6.2. On-premise
6.3. Cloud
7. Risk Analytics Market, By End-user Vertical
7.1. Key Points
7.2. BFSI
7.3. Healthcare
7.4. Retail
7.5. Manufacturing
7.6. Other End-user Verticals
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Risk Analytics Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Acadiasoft
9.2. Actify Data Labs
9.3. Alteryx
9.4. Amlgo Labs
9.5. Artivatic
9.6. Attestiv
9.7. Axiomsl
9.8. Bridgei2I
9.9. Cubelogic Limited
9.10. Datafact
9.11. Equarius Risk Analytics
9.12. FIS
9.13. Gurucul
9.14. IBM
9.15. Imply
9.16. Kyvos Insights
9.17. Moody's Analytics
9.18. Oracle
9.19. Provenir
9.20. Qlik
9.21. Quantexa
9.22. Quantifi
Risk Analytics Market, By Component
Risk Analytics Market, By Deployment
Risk Analytics Market, By End-user Vertical
Risk Analytics Market, By Company