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Global Risk Analytics IndustryNew Study On “Global Risk Analytics Market Share, Supply, Analysis and Forecast to 2025” Added to Wise Guy Reports Database
Market Overview
Risk analytics aid companies in identifying and understanding the various potential and existing risks in their businesses. The tools of risk analytics help these companies to ascertain risk-aware decisions and thereby enhance their business performance. Aside from this, these tools help improve the return on capital and minimizes the cost linked with regulatory compliance. In recent years, with companies trying to reduce severe losses, the adoption of risk analytics tools has seen a significant rise. Add to this, risk analytics tools also assist in central clearing of over-the-counter (OTC) derivatives.
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The published report on Sheer Analytics and Insights on the global risk analytics market stated the growth to be at a notable pace. The valuation of the risk analytics market was further stated to surpass its previous figure.
Drivers and Constraints
It was reported that the increasing risk in the market due to the instable economic condition and market competitiveness have been some of the key drivers of the market. Additionally, various favorable regulations and policies like Comprehensive Capital Analysis and Review/ Dodd-Frank Wall Street Reform, Basel II/III, Consumer Protection Act (CCAR/DFAST), Internal Capital Adequacy Process (ICAAP), and others are boosting the market demand of risk analytics among businesses of all sizes. Real-time risk analytics is expected to gain significant growth and demand in the coming years and open new opportunities for the market players.
However, on the other hand, lack of strong awareness concerning these tools, especially among the SMEs, can be a limiting growth factor for the market. Moreover, the high capital required for installation of these tool is said to be another restraining factor for the global market.
Market Segmentation
The global risk analytics market has been segmented in terms of type and applications.
By risk type, the market includes portfolio risk, credit risk, market risk, financial risk, operational risk, and others.
By component, the market segments into services and software & tools.
By end-user, the market comprises transportation, government, BFSI, retail, IT & Telecom, and other industries. The BFSI industry is expected to generate huge revenue share over the forecast period. The sector is increasingly demand for improved risk analytics solutions due to currency fluctuations and economic risks.
Regional Analysis
The global market for risk analytics is distributed across the following key regions: Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. North America is expected to be a key region in the risk analytics market landscape. Herein, the developed IT ecosystem and the presence of various leading companies are pushing the growth of the regional market.
Asia Pacific is expected to garner strong growth in the coming years due to increasing fluctuations in currency and market competitiveness.
Competitive Landscape
The global risk analytics market comprises a host of key players. This includes names like Oracle Corporation, Misys, Accenture PLC, Numerix LLC, ACL Services, Genpact, SAP SE, Provenir, SAS Institute, Inc., IBM Corporation, Riskdata S. A, and Tata Consultancy Services Ltd.
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