DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Risk Analytics Market by Software (ETL, Risk Calculation Engines, Scorecard and Visualization, Dashboard Analytics), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Service, Deployment Model, and Vertical - Global Forecast to 2022" report to their offering.
The risk analytics market is projected to grow from USD 17.60 Billion in 2017 to USD 35.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.3%.
An increasing need for industry-specific solutions and automation facilitating to make quick actionable decisions is expected to drive the growth of risk analytics software and services. However, high cost of investment acts as a major restraining factor for the growth of the risk analytics market.
The operational risk includes human capital risk, communication risk, sustainability risk, regulatory & legal risk, governance risk, financial reporting risk, fraud risk, technology risk, hazard risk. In the recent years, operational risk has developed as a joint category for most of other risk administration strategies Risk analytics empowers an enterprise to manage operational risks associated with internal factors such as errors by employee/human resources, systems failures (hardware, software, networking, and utility outages/disruptions), losses to physical assets, and criminal activities (including fraud and cybercrime).
APAC is projected to grow at the highest CAGR during the forecast period. The risk analytics market in the APAC region is poised to grow, as major countries, such as India, China, Australia, and New Zealand are aggressively adopting risk analytics solutions to stay ahead in the competition. Technological advancements, uncertain economic conditions, and the presence of a large number of SMEs are the major contributing factors for the growth of the risk analytics market in this region.
The risk analytics market comprises the following major vendors:
- SAP SE (Germany)
- IBM Corporation (US)
- Moody's Analytics, Inc. (US)
- SAS Institute Inc. (US)
- Oracle Corporation (US)
- Verisk Analytics, Inc. (US)
- Risk Edge Solutions (India)
- Misys (UK)
- Fidelity National Information Services Inc. (US)
- AxiomSL (US)
- Gurucul (US)
- Provenir (US)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview And Industry Trends
6 Risk Analytics Market Analysis, By Component
7 Risk Analytics Market Analysis, By Risk Type
8 Risk Analytics Market Analysis, By Deployment Model
9 Risk Analytics Market Analysis, By Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/86nxx7/risk_analytics