The global risk analytics market is estimated to grow at a CAGR of 14.1% during the forecast period. Risk analysis has become an important tool in recent times as the number of companies opting for risky investments has increased. Hence, the study of compliances, feasibility, and risk analysis on various hierarchy levels in an organization have become extremely important. There is increasing adoption of risk analytics tools in different industry verticals as risk analytics tools enable companies to be aware of the forthcoming risks and take decisions accordingly. This spurs the growth of the global risk analytics industry.
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Furthermore, the risk analytics market growth is attributed to various factors such as increasing competitive pressure on small and medium enterprises and supportive government regulations and policies. Enhancement in technology and innovations in cloud services are also propelling market growth. The increasing adoption of cloud-based services and advanced technologies in risk analytics tools has given rise to a lot of opportunities in this market. However, data security and privacy concerns and the requirement of huge investments act as major growth factors for the market.
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Market Segmentation
Global Risk Analytics Market by Deployment Model
On-Premises
Cloud-Based
Global Risk Analytics Market by Verticals
Banking, Financial services and Insurance (BFSI)
IT & Telecommunication
Healthcare
Retail
Others
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Accenture PLC
AXIOMSL Inc.
BRIDGEi2i Analytics Solutions
Cisco Systems Inc.
Citrix Systems, Inc.
DataFactZ
Fidelity National Information Services, Inc.
GURUCUL
IBM Corp.
Moody’s Corp.
Oracle Corp.
Palantir Technologies Inc.
Provenir
Real Time Risk Systems LLC
Riskturn Inc.
SAP SE
SAS Institute Inc.
SparkCognition
Strategic Thought Group
Verisk Analytics, Inc.
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