PUBLISHER: KBV Research | PRODUCT CODE: 1616652
PUBLISHER: KBV Research | PRODUCT CODE: 1616652
The Latin America, Middle East and Africa Risk Analytics Market would witness market growth of 14.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Risk Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,937.6 million by 2031. The Argentina market is showcasing a CAGR of 15.8% during (2024 - 2031). Additionally, The UAE market is registering a CAGR of 13.4% during (2024 - 2031).
Managing risk is paramount for ensuring organizational resilience and sustained growth in the contemporary business environment. The risk analytics market has emerged as a vital domain, offering sophisticated tools and techniques to identify, assess, and mitigate various risks. This market encompasses various applications, from financial risk management to cybersecurity, and is witnessing rapid adoption across diverse industries.
Risk analytics is utilized across multiple sectors to address various financial, operational, strategic, compliance, and reputational risks. Financial institutions leverage risk analytics to manage credit, market, and liquidity risks. Advanced analytics models help predict default probabilities, assess market volatility, and ensure adequate capital reserves.
The risk analytics market is growing due to the increasing demand for data-driven insights across various sectors. The expansion of the retail sector in Brazil and the growth of the healthcare sector in the UAE both significantly contribute to the evolving landscape of risk analytics. Brazil's retail trade has experienced consistent growth, with a notable 1.0% increase in January 2024 and an 8.2% year-on-year rise in February 2024. This growth in retail sales reflects the increasing complexity of the retail environment, characterized by a growing number of transactions, consumer demands, and supply chain complexities.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Risk Analytics Market Report Segmentation
By Type
By Deployment
By Risk Types
By Vertical
By Country