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Risk Analytics Market

Global Risk Analytics Market Size, Share, Growth, Forecast: By Component: Solution, Services; By Enterprise Size: Large Enterprises, Small and Medium Enterprises; By Mode of Deployment: Cloud, On-premises; By Application: Strategic Risks, Financial Risks, Operational Risks, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Risk Analytics Market Outlook

The global risk analytics market size reached approximately USD 40.31 billion in 2023. The market is estimated to grow at a CAGR of 11.3% in the forecast period of 2024-2032, reaching a value of around USD 107.44 billion by 2032.

 

Key Trends in the Global Risk Analytics Market

Risk analytics is the process of identifying, measuring, and assessing potential issues or risks that can negatively affect the business decisions of an organisation. It aids businesses in developing strategies that can effectively manage and reduce the impact of risks.

 

  • Increased incorporation of big data technologies such as data storage, data mining, and data visualisation, among others, among businesses to enhance comparative risk analytics is one of the crucial risk analytics market trends.
  • Growing implementation of predictive risk management methodology to analyse the current and historical data for identifying potential cyber threats and mitigating the associated risks is another prominent trend aiding the market expansion.
  • Several businesses and enterprises are relying on behavioural analytics to understand factors that can promote risky behaviour and lead to incorrect risk assessment and further utilising it to improve their risk management strategies.
  • The advent of advanced technologies such as automation, AI, and IoT, among others, for real-time monitoring, gaining critical insights, assessing risks more accurately, and faster response time also contributes to the risk analytics market growth.

 

Global Risk Analytics Market Analysis

Based on component, the market is bifurcated into solution and services. On the basis of enterprise size, the market is categorised into large enterprises and small and medium enterprises. On the basis of mode of deployment, the market is classified into cloud and on-premises.

 

Based on application, the market is segmented into strategic risks, financial risks, and operational risks, among others. The risk analytics market segmentation, on the basis of end use, includes BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, government and defence, among others. The major regional markets of risk analytics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the risk analytics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • SAP SE  
  • Oracle Corporation  
  • IBM Corporation  
  • SAS Institute Inc.  
  • Provenir Group  
  • Risk Edge Solutions  
  • OneSpan Inc.  
  • Fidelity National Information Services, Inc.  
  • AcadiaSoft, Inc.  
  • Verisk Analytics, Inc. 
  • Others

 

Global Risk Analytics Market Share by End Use

The BFSI sector occupies a sizeable portion of the risk analytics market share, due to the increased amount of financial data that requires efficient risk management strategies. Banks and other financial institutes are prone to financial fraud and cyber threats, which leads to the implementation of sophisticated risk analysis techniques that can mitigate the risks.

 

Risk analytics can also be utilised for credit risk assessment to assess the creditworthiness of the customers for financial proceedings such as loans and other types of capital allocation.

 

Global Risk Analytics Market Share by Region

As per the risk analytics market analysis, North America accounts for a substantial share of the global market, owing to the widespread adoption of risk management solutions and technologies by enterprises. The growing presence of financial service providers that rely on risk analytics for effective risk management is aiding the market growth.

 

Additionally, the incorporation of advanced risk analytics tools by organisations for taking appropriate preventive measures against different kinds of risks provides a positive market outlook.

 

Competitive Landscape

SAP SE, established in 1972, is a multinational software corporation, with its headquarters in Walldorf, Germany. Some of its common services include enterprise resource planning, financial management, spend management, and supply chain management, among others.

 

Oracle Corporation, incorporated in 1977, is a computer technology company, headquartered in Austin, the United States. The company offers its services in the sectors of automotive, communication, consumer packaged goods, food and beverages, and healthcare, among others.

 

IBM Corporation is a multinational technology conglomerate, founded in 1911 and based in New York, the United States. Some of its major specialities include analytics, cloud, cognitive, experience design, financing, and IT infrastructure, among others.

 

Other risk analytics market players include SAS Institute Inc., Provenir Group, Risk Edge Solutions, OneSpan Inc., Fidelity National Information Services, Inc., AcadiaSoft, Inc., and Verisk Analytics, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Enterprise Size
  • Mode of Deployment
  • Application
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Enterprise Size
  • Large Enterprises
  • Small and Medium Enterprises
Breakup by Mode of Deployment
  • Cloud
  • On-premises
Breakup by Application
  • Strategic Risks
  • Financial Risks
  • Operational Risks
  • Others
Breakup by End Use
  • BFSI
  • IT and Telecom
  • Retail
  • Healthcare
  • Energy and Utilities
  • Manufacturing
  • Government and Defense
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SAP SE  
  • Oracle Corporation  
  • IBM Corporation  
  • SAS Institute Inc.  
  • Provenir Group  
  • Risk Edge Solutions  
  • OneSpan Inc.  
  • Fidelity National Information Services, Inc.  
  • AcadiaSoft, Inc.  
  • Verisk Analytics, Inc. 
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Risk Analytics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Risk Analytics Historical Market (2018-2023) 
    8.3    Global Risk Analytics Market Forecast (2024-2032)
    8.4    Global Risk Analytics Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Risk Analytics Market by Enterprise Size
        8.5.1    Large Enterprises
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Small and Medium Enterprises
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Risk Analytics Market by Mode of Deployment
        8.6.1    Cloud 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    On-premises 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Risk Analytics Market by Application
        8.7.1    Strategic Risks
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Financial Risks
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Operational Risks
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global Risk Analytics Market by End Use
        8.8.1    BFSI
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    IT and Telecom
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Retail
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Healthcare
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Energy and Utilities
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Manufacturing
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    Government and Defense
            8.8.7.1    Historical Trend (2018-2023)
            8.8.7.2    Forecast Trend (2024-2032)
        8.8.8    Others
    8.9    Global Risk Analytics Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Risk Analytics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Risk Analytics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Risk Analytics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Risk Analytics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Risk Analytics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    SAP SE 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Oracle Corporation 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    IBM Corporation 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    SAS Institute Inc. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Provenir Group 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Risk Edge Solutions 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    OneSpan Inc. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Fidelity National Information Services, Inc. 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    AcadiaSoft, Inc. 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Verisk Analytics, Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Risk Analytics Market: Key Industry Highlights, 2018 and 2032
2.    Global Risk Analytics Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Risk Analytics Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Risk Analytics Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5.    Global Risk Analytics Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6.    Global Risk Analytics Historical Market: Breakup by Mode of Deployment (USD Billion), 2018-2023
7.    Global Risk Analytics Market Forecast: Breakup by Mode of Deployment (USD Billion), 2024-2032
8.    Global Risk Analytics Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Risk Analytics Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Risk Analytics Historical Market: Breakup by End Use (USD Billion), 2018-2023
11.    Global Risk Analytics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12.    Global Risk Analytics Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Risk Analytics Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Risk Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Risk Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Risk Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Risk Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Risk Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Risk Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Risk Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Risk Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Risk Analytics Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Risk Analytics Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Risk Analytics Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 40.31 billion.

The market is projected to grow at a CAGR of 11.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 107.44 billion by 2032.

The major market drivers are growing cybersecurity concerns due to rapid digitalisation, increased volume of data, and surge in business complexities.

The key trends of the market include increased incorporation of big data technologies, growing implementation of predictive risk management methodology, usage of behavioural analytics, and the advent of advanced technologies such as automation, AI, and IoT, among others.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Various applications are strategic risks, financial risks, and operational risks, among others.

The key players in the market are SAP SE, Oracle Corporation, IBM Corporation, SAS Institute Inc., Provenir Group, Risk Edge Solutions, OneSpan Inc., Fidelity National Information Services, Inc., AcadiaSoft, Inc., and Verisk Analytics, Inc., among others.

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