Global Risk Analytics Market Size Study, by Risk Type, by Component, by Deployment Mode, by Vertical, and Regional Forecasts 2022-2032

Description

The global Risk Analytics market is valued at approximately USD 47.82 billion in 2023 and is expected to grow at a robust CAGR of 24.8% during the forecast period 2024-2032. Risk analytics equips organizations with the tools to aggregate data into actionable insights, enabling better decision-making, threat reduction, and the identification of opportunities. The increasing complexity of global business environments, coupled with the rise in compliance requirements and sophisticated cyber threats, has spurred demand for advanced risk management solutions.

Organizations are increasingly adopting high-risk analytics tools to address challenges such as data compliance, decision support, and regulatory management. The rising focus on cloud-based risk analytics platforms and advanced AI-powered algorithms for fraud detection and mitigation further augments market growth. Additionally, strict government regulations for data protection, such as the HIPAA Security Rule, present lucrative opportunities for market players to innovate and expand their portfolios.

The COVID-19 pandemic served as a catalyst for the risk analytics market, with organizations needing to adapt their risk management strategies to address unprecedented operational and supply chain disruptions. Risk analytics has become a critical tool for mitigating challenges in such volatile environments, enabling organizations to stay resilient.

The integration of advanced technologies like machine learning, robotic process automation (RPA), and cognitive analysis is driving the adoption of risk analytics across industries. These technologies allow for the automation of repetitive tasks, improved decision-making, and proactive management of business risks. The BFSI sector, in particular, is witnessing significant traction, with increasing demand for solutions that address compliance requirements and prevent fraudulent activities.

Regional Insights

North America is expected to dominate the risk analytics market, owing to its robust adoption of advanced technologies, increasing focus on cybersecurity, and stringent regulatory requirements. The Asia-Pacific region is poised for the fastest growth, driven by rapid digital transformation, high internet penetration, and the increasing prevalence of cyber threats. Europe is also a significant market, benefiting from its established regulatory frameworks and adoption of innovative risk management solutions.

Major Market Players Included in this Report:

1. IBM Corporation
2. Oracle Corporation
3. SAS Institute Inc.
4. SAP SE
5. Moody's Analytics Inc.
6. Accenture plc
7. Capgemini SE
8. Recorded Future, Inc.
9. Provenir, Inc.
10. AxiomSL Ltd.
11. Fidelity National Information Services, Inc.
12. Risk Edge Solutions Private Limited
13. OneSpan Inc.
14. Verisk Analytics
15. BRIDGEi2i Analytics

The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions and Software
- Extract, Transform, and Load (ETL) Tools
- Risk Calculation Engines
- Scorecard and Visualization Tools
- Dashboard Analytics and Risk Reporting Tools
- GRC Software
- Others
Services
- Professional Services
- Managed Services

By Risk Type:

Strategic Risk
Operational Risk
Financial Risk
Third-Party Risk
Others

By Deployment Mode:

Cloud
On-Premises

By Vertical:

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
Others

By Region:

North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe
Asia Pacific: China, India, Japan, South Korea, Australia, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East & Africa: Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1: Global Risk Analytics Market Executive Summary

1.1 Global Risk Analytics Market Size & Forecast (2022-2032)
1.2 Regional Summary
1.3 Segmental Summary
- 1.3.1 By Risk Type
- 1.3.2 By Component
1.4 Key Trends
1.5 Recession Impact
1.6 Analyst Recommendation & Conclusion

Chapter 2: Global Risk Analytics Market Definition and Research Assumptions

2.1 Research Objective
2.2 Market Definition
2.3 Research Assumptions
- 2.3.1 Inclusion & Exclusion
- 2.3.2 Limitations
- 2.3.3 Supply Side Analysis
  - 2.3.3.1 Availability
  - 2.3.3.2 Infrastructure
  - 2.3.3.3 Regulatory Environment
  - 2.3.3.4 Market Competition
  - 2.3.3.5 Economic Viability (Consumer Perspective)
- 2.3.4 Demand Side Analysis
  - 2.3.4.1 Regulatory Frameworks
  - 2.3.4.2 Technological Advancements
  - 2.3.4.3 Environmental Considerations
  - 2.3.4.4 Consumer Awareness & Acceptance
2.4 Estimation Methodology
2.5 Years Considered for the Study
2.6 Currency Conversion Rates

Chapter 3: Global Risk Analytics Market Dynamics

3.1 Market Drivers
- 3.1.1 Increasing Adoption of AI and Machine Learning in Risk Analytics
- 3.1.2 Stringent Regulatory Compliance Requirements Driving Adoption
- 3.1.3 Growing Need for Data Security and Management
3.2 Market Challenges
- 3.2.1 High Initial Costs of Deployment
- 3.2.2 Complexities in Integration with Existing Systems
3.3 Market Opportunities
- 3.3.1 Rising Adoption of Cloud-Based Solutions
- 3.3.2 Expansion in Emerging Economies
- 3.3.3 Advancements in Cognitive Analytics Technologies

Chapter 4: Global Risk Analytics Market Industry Analysis

4.1 Porter's Five Forces Model
- 4.1.1 Bargaining Power of Suppliers
- 4.1.2 Bargaining Power of Buyers
- 4.1.3 Threat of New Entrants
- 4.1.4 Threat of Substitutes
- 4.1.5 Competitive Rivalry
4.2 PESTEL Analysis
- 4.2.1 Political
- 4.2.2 Economic
- 4.2.3 Social
- 4.2.4 Technological
- 4.2.5 Environmental
- 4.2.6 Legal
4.3 Top Investment Opportunities
4.4 Top Winning Strategies
4.5 Disruptive Trends in Risk Analytics

Chapter 5: Global Risk Analytics Market Size & Forecasts by Component (2022-2032)

5.1 Segment Dashboard 5.2 Global Risk Analytics Market Revenue Trend Analysis (2022 & 2032) 5.2.1 Solutions and Software 5.2.1.1 Extract, Transform, and Load (ETL) Tools 5.2.1.2 Risk Calculation Engines 5.2.1.3 Scorecard and Visualization Tools 5.2.1.4 Dashboard Analytics and Risk Reporting Tools 5.2.1.5 GRC Software 5.2.1.6 Others 5.2.2 Services 5.2.2.1 Professional Services 5.2.2.2 Managed Services

Chapter 6: Global Risk Analytics Market Size & Forecasts by Risk Type (2022-2032)

6.1 Segment Dashboard
6.2 Global Risk Analytics Market Revenue Trend Analysis (2022 & 2032)
- 6.2.1 Strategic Risk
- 6.2.2 Operational Risk
- 6.2.3 Financial Risk
- 6.2.4 Third-Party Risk
- 6.2.5 Others

Chapter 7: Global Risk Analytics Market Size & Forecasts by Deployment Mode (2022-2032)

7.1 Segment Dashboard
7.2 Global Risk Analytics Market Revenue Trend Analysis (2022 & 2032)
- 7.2.1 Cloud
- 7.2.2 On-Premises

Chapter 8: Global Risk Analytics Market Size & Forecasts by Vertical (2022-2032)

8.1 Segment Dashboard
8.2 Global Risk Analytics Market Revenue Trend Analysis (2022 & 2032)
- 8.2.1 Banking and Financial Services
- 8.2.2 Insurance
- 8.2.3 Manufacturing
- 8.2.4 Transportation and Logistics
- 8.2.5 IT and Telecom
- 8.2.6 Government and Defense
- 8.2.7 Healthcare and Life Sciences
- 8.2.8 Retail and Consumer Goods
- 8.2.9 Energy and Utilities
- 8.2.10 Others

Chapter 9: Global Risk Analytics Market Size & Forecasts by Region (2022-2032)

9.1 Segment Dashboard
9.2 North America Risk Analytics Market
- 9.2.1 U.S. Risk Analytics Market
  - 9.2.1.1 By Component
  - 9.2.1.2 By Risk Type
- 9.2.2 Canada Risk Analytics Market
  - 9.2.2.1 By Component
  - 9.2.2.2 By Risk Type
9.3 Europe Risk Analytics Market
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Rest of Europe
9.4 Asia Pacific Risk Analytics Market
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America Risk Analytics Market
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 Middle East & Africa Risk Analytics Market
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of Middle East & Africa

Chapter 10: Competitive Intelligence

10.1 Key Company SWOT Analysis
- 10.1.1 IBM Corporation
- 10.1.2 Oracle Corporation
- 10.1.3 SAS Institute Inc.
10.2 Top Market Strategies
10.3 Company Profiles
- 10.3.1 IBM Corporation
  - 10.3.1.1 Overview
  - 10.3.1.2 Financials
  - 10.3.1.3 Product Portfolio
  - 10.3.1.4 Strategic Initiatives
- 10.3.2 Oracle Corporation
- 10.3.3 SAS Institute Inc.

Chapter 11: Research Process

11.1 Research Process Overview
11.2 Data Mining
11.3 Market Estimation
11.4 Validation
11.5 Publishing