Risk Analytics Global Market Report 2023: A $58.12 Billion Market by 2027 - Increasing Use of Large Amounts of Structured and Unstructured Data will Propel Market Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Risk Analytics Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global risk analytics market grew from $30.27 billion in 2022 to $34.44 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The risk analytics market is expected to grow to $58.12 billion in 2027 at a CAGR of 14%.

The countries covered in the risk analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Technological advancement is a key trend gaining popularity in the risk analytics market. Artificial intelligence (AI) and machine learning (ML) technologies are used in risk analytics to analyze massive amounts of data, minimize error, remove bias, and suggest areas where risk managers should focus more. Companies are utilizing AI to improve the knowledge of risk portfolios and produce optimal results. AI-based risk analytics software is easy to use and offers accurate results.

North America was the largest region in the risk analytics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the risk analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing use of large amounts of structured and unstructured data will propel the growth of the risk analytics market. Structured data refers to information that is usually stored in a relational database and can be easily mapped into designated fields. Unstructured data is information that is not organized according to a pre-determined data model or schema and hence cannot be kept in a standard relational database.

Unstructured data accounts for 80 to 90% of data generated and gathered by businesses, and its volume is continuously increasing faster than that of structured databases. Businesses are increasingly using these large amounts of structured and unstructured data for predictive analysis, risk analysis, forecasting, and others.

This increasing usage will create demand for risk analytics as well as risk analytics uses large amounts of structured/unstructured data to predict the risk with a large degree of accuracy. 90 ZB of data will be created on IoT devices by 2025. Close to 30% of the data created will be consumed in real-time by 2025. It indicates that there is a huge amount of data that needs to be stored, handled, and used/analyzed. Therefore, the rising usage of a large amount of structured and unstructured data will drive the risk analytics market.

The risk analytics market includes revenues earned by entities by utilizing a variety of approaches and technology to extrapolate insights, compute likely scenarios, and forecast future events, helps take the guesswork out of managing risk-related concerns. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Major players in the risk analytics market are

• AxiomSL Inc.
• BRIDGEi2i Analytics Solutions
• DataFactZ
• Digital Fineprint
• Eurorisk Systems Ltd
• FIS
• Gurucul
• IBM
• Moody's Corporation
• Oracle
• Provenir
• Recorded Future Inc.
• Risk Edge Solutions
• SAP
• SAS Institute
• Verisk Analytics Inc.

Key Topics Covered:

1. Executive Summary

2. Risk Analytics Market Characteristics

3. Risk Analytics Market Trends And Strategies

4. Risk Analytics Market - Macro Economic Scenario

4.1 COVID-19 Impact On Risk Analytics Market

4.2 Ukraine-Russia War Impact On Risk Analytics Market

4.3 Impact Of High Inflation On Risk Analytics Market

5. Risk Analytics Market Size And Growth

5.1. Global Risk Analytics Historic Market, 2017-2022, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Risk Analytics Forecast Market, 2022-2027F, 2032F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Risk Analytics Market Segmentation

6.1. Global Risk Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Solution
• Services

6.2. Global Risk Analytics Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Large enterprises
• Small And Medium-Sized Enterprises (SMES)

6.3. Global Risk Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• On-Premises
• Cloud

6.4. Global Risk Analytics Market, Segmentation By Risk Type Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Financial Risks
• Operational Risks
• Compliance Risks
• Strategic Risks
• Other Risk Type Applications

6.5. Global Risk Analytics Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• BFSI
• Manufacturing
• Transportation
• Retail
• IT And Telecommunication
• Healthcare
• Government

7. Risk Analytics Market Regional And Country Analysis

7.1. Global Risk Analytics Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

7.2. Global Risk Analytics Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/kopxv7

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