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Home Press Release

Risk Analytics Market Size worth $70.5 billion by 2027

Press Room by Press Room
August 2, 2022
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(EMAILWIRE.COM, August 02, 2022 ) According to a new market research report “Risk Analytics Market by Component (Software (ETL Tools, Risk Calculation Engines, GRC Software) and Services), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2027″ published by MarketsandMarkets™, the global risk analytics market size to grow from USD 39.3 billion in 2022 to USD 70.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. Various factors such as rising government compliance with stringent industry regulation, growing incidences of data thefts and security breaches and increasing complexities across business processes, are expected to drive the adoption of risk analytics solutions and services.

Browse in-depth TOC on “Risk Analytics Market”
333 Tables
47 Figures
279 Pages

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The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The software segment to account for largest market size during the forecast period

Based on components, the risk analytics market is segmented into software and services. The software segment has been further segmented into ETL tools, risk calculation engines, scorecard and visualization tools, dashboard analytics and risk reporting tools, and GRC software, and others (operational risk management, human resource risk management, and project risk management). The software segment is expected to hold the maximum market share in the global risk analytics market. Among all software offered in the market, GRC software has shown the highest adoption across the globe. The services segment has been divided into professional and managed services. With the rising adoption of risk analytics software is expected to boost the adoption of professional and managed services.

Strategic risk segment to to hold higher CAGR during the forecast period

Based on risk type the risk analytics market has been segmented into strategic risk, operational risk, financial risk, and others (reputational risk, environmental risk, third-party risk, and economic risk). Strategic risk segment to to hold higher CAGR during the forecast period. Strategic risks can significantly impact a company’s ability to achieve its strategies and business objectives. The financial risk segment is expected to have the largest market size of during the forecast period, due to the increasing need to analyze various growth factors that may affect the growth of the organizations.

The SMEs segment to hold higher CAGR during the forecast period

The Risk analytics market has been segmented by organization size into large enterprises and SMEs. The market share of large enterprises is higher; however, the market for SMEs is expected to register a higher CAGR during the forecast period. To deal with challenges, such as business model sustainability, process efficiency data, reporting, and audit requirement, SMEs are increasingly adopting risk analytics solutions.

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Healthcare and Life Sciences segment to hold higher CAGR during the forecast period

Based on vertical risk analytics market has been categorized into different verticals, such as 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, and other verticals The healthcare and life sciences vertical is expected to have the highest CAGR during the forecast period, as the sector is deploying risk analytics solution to streamline six sigma operations, generate quality analysis, and effectively manage complex supply chain operations. Risk analytics can help detect early signs of patient deterioration in the ICU and general ward, identify at-risk patients in their homes to prevent hospital readmissions, and prevent avoidable downtime of medical equipment leading to its adoption in the healthcare and life sciences vertical.

APAC to hold higher CAGR during the forecast period

The Risk analytics market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. North America is estimated to account for the highest market share in 2022, Asia Pacific is expected to provide significant growth opportunities over the next five years. The rising demand for an analytics solution, which is cloud-driven and cloud-supported, has resulted in the increasing demand for risk analytics solutions in Asia Pacific, thereby resulting in increasing investments and technological advancements across industries.

Major vendors in the global risk analytics market include IBM (US), SAP (Germany), SAS (US), Oracle (US), FIS (US), Moody’s Analytics (US), Verisk Analytics (US), Alteryx (US), AxiomSL (US), Gurucul (US), Provenir (US), BRIDGEi2i (India), Recorded Future (US), AcadiaSoft (US), Qlik (US), DataFactZ (US), CubeLogic Limited (UK), Risk Edge Solutions (India), Equarius Risk Analytics (US), Quantifi (US), Actify Data Labs (India), Amlgo Labs (India), Zesty.ai (US), Artivatic (India), Artivatic (US), RiskVille (Ireland), Quantexa (UK), Spin Analytics (UK), Kyvos Insights (US), Imply (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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