PUBLISHER: KBV Research | PRODUCT CODE: 1616650
PUBLISHER: KBV Research | PRODUCT CODE: 1616650
The Europe Risk Analytics Market would witness market growth of 12.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Risk Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,753.2 million by 2031. The UK market is exhibiting a CAGR of 11.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 13.2% during (2024 - 2031).
Risk analytics aids in monitoring and managing risks associated with internal processes, systems, and human factors. This includes supply chain disruptions, system failures, and employee misconduct. Organizations use risk analytics to ensure adherence to regulatory requirements and standards. This involves monitoring transactions, identifying suspicious activities, and preventing fraud. Companies employ risk analytics to make informed strategic decisions, considering potential risks and uncertainties that could impact long-term goals and objectives.
Additionally, the adoption of risk analytics is growing rapidly as organizations recognize its value in enhancing risk management practices. Stricter regulations and compliance requirements drive organizations to adopt risk analytics to avoid penalties and legal issues. Regulatory bodies like Basel III, GDPR, and the Sarbanes-Oxley Act mandate rigorous risk management practices.
As more companies, particularly SMEs, embrace cloud computing, big data analytics, and AI, the demand for sophisticated risk management tools to secure digital assets and infrastructure is expected to rise. Risk analytics are crucial in helping organizations evaluate potential risks in their digital operations, optimize their processes, and ensure compliance with data protection regulations, such as the General Data Protection Regulation (GDPR). With the EU's digital transformation goals, risk analytics solutions are essential to help businesses safeguard against new vulnerabilities introduced by these technologies.
Based on Type, the market is segmented into Software and Services (Professional and Managed). Based on Deployment, the market is segmented into On-premise and Cloud. Based on Risk Types, the market is segmented into Operational Risk, Financial Risk, Strategic Risk, and Other Risk Types. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Manufacturing, Retail & E-commerce, Energy & Utilities, Government, Healthcare, and Other Vertical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Risk Analytics Market Report Segmentation
By Type
By Deployment
By Risk Types
By Vertical
By Country