The risk of loss due to inappropriate internal processes, people, systems, or from external events is defined as an operational risk.
The risk of loss due to inappropriate internal processes, people, and systems, or from external events is defined as an operational risk. The operational risk includes human capital risk, communication risk, sustainability risk, regulatory & legal risk, governance risk, financial reporting risk, fraud risk, technology risk, and 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 employee/human resource errors, systems failures (hardware, software, networking, and utility outages/disruptions), losses to physical assets, and criminal activities (including fraud and cybercrime).
Risk analytics market is segmented on the basis of component type, enterprise size and end-use verticals. Based on component type, risk analytics market is further classified as on the basis of solution type and services.
Solution type segment include risk analytics software suites for regulatory compliance, governance, risk & compliance, market risk management, trading risk, credit risk management, liquidity risk management, and others (insurance risk management and actuarial modeling). Services segment include various software services related to the risk analytics software such as systems integration, risk assessment and maintenance & servicing.
In terms of enterprise size, risk analytics market is further classified as large organizations and small and medium enterprises. On the basis of end-use verticals, risk analytics market is categorized as banking, financial services and insurance (BFSI), manufacturing and retail, telecom and IT, government, energy and utility and others (transportation, healthcare,.).
This report studies the global Risk Analytics market, analyzes and researches the Risk Analytics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
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)
Fidelity National Information (US)
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