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.
- In
January 2021, Moody’s Analytics declared the launch of Moody’s DataHub, a new
cloud-based analytical platform which combines data from across Moody’s
Analytics, as well as its affiliates. Moody’s DataHub allows financial and risk
decision-makers to analyze, explore and consume a broad range of useful
information seamlessly and efficiently.
- In
September 2020, IBM Security declared a new risk-based service. It will support
organizations apply analytics for conventional business decisions to
cybersecurity spending priorities. It will assist clients identify, map out and
quantify security risk as they assess decisions, such as deploying new
technologies, making investments in their business and changing processes.
- In April
2020, SAS Institute unveiled online learning offerings to respond to COVID-19.
These free offerings such as SAS Academy for Data Science, SAS Learning
Subscription and customer intelligence resources. The offerings would meet the requirements
of learners and professionals during the present pandemic.
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
- BFSI
- Healthcare
- Retail
- Manufacturing
- Other End-user Verticals
Risk
Analytics Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Risk
Analytics Market, By Company
- Acadiasoft
- Actify Data Labs
- Alteryx
- Amlgo Labs
- Artivatic
- Attestiv
- Axiomsl
- Bridgei2I
- Cubelogic Limited
- Datafactz
- Equarius Risk Analytics
- FIS
- Gurucul
- IBM
- Imply
- Kyvos Insights
- Moody's Analytics
- Oracle
- Provenir
- Qlik
- Quantexa
- Quantifi
The
report covers the below scope:
- Global Risk Analytics Market sizes
from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Risk Analytics Market
trends, covering comprehensive range of consumer trends & manufacturer
trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Risk
Analytics Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
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.
Why to
Buy this Report:
- Gain detailed insights on the Risk Analytics
industry trends
- Find complete analysis on the
market status
- Identify the Risk Analytics Market
opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement