Press Release: April 11, 2020
Risk Analytics assist enterprises by helping them to be aware of the existing risk, forthcoming risk and take further decision according. A risk Analytics tool helps the organization to enhance the performance of its business. Risk analytics tools are using across every industry to identify risk associated with any events and helps the organization to avoid systems failure.
The major factors driving the market growth are increasing complexity across industry processes and growing data and security concerns. For instance, risk analytics helps the Banking industry by analyzing risk and eliminated it and improve customer understanding, etc. In addition, compliance with stringent industry regulations and policies such as Basel II/III, Dadd-frank wall street reform, consumer protection act etc. is accelerating the demand for risk analytics among enterprises. Moreover, rising digitalization and adopting new technologies such as AI, IoT, blockchain in risk analytics, increases the demand of risk analytics software. However, lack of awareness about risk analytics tools and high installation costs are hindering the market growth during the forecast period.
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Various notable players in the market include Microsoft Corporation, SAP SE, SAS Institute, Oracle Corporation, Moody’s Analytics, Verisk Analytics, 12.7. Fidelity National Information Services, Inc., AxicomSL, Inc., Gurucul, Provenir and among Others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive. For instance, Moody’s analytics launched cloud-based risk analytics software in May 2019
The global Risk Analytics market has been segmented based on component, deployment mode, organization size, risk type and vertical, and key geographies. Based on the component, global Risk Analytics market has been segmented into software and services. Based on deployment mode, the market is segmented into on-cloud and on-premises. Based on organization size, the market has been segmented into small and medium enterprises and large enterprises. Based on risk type, the market is segmented into strategic risk, operation risk, financial risk and others. Based on the vertical, the market is segmented into BFSI, IT and Telecommunication, Manufacturing, transportation and logistics, government and Public Sector, Retail, Healthcare and Others.
The research report “Global Risk Analytics Market” provides an in-depth analysis of the global risk analytics market based on component, deployment mode, organization size, risk type, vertical and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global risk analytics market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is the global risk analytics market growing? What will be a growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global risk analytics market?
4- What are the various application areas and how they are poised to grow?
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