Risk Analytics Market research report by Software to hit $ 35.92 Billion focus on analytical data, Industry size, share, survey, industry intelligence, business acumen during the forecast period 2017 to 2022.
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A complete report on Risk Analytics Market spread across 156 pages, profiling 15+ companies and supported with 69 tables and 63 figures.
Risk Analytics Market is projected to grow from $ 17.60 Billion in 2017 to $ 35.92 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.3%.
Risk Analytics Comprises Tools and Service Providers:
Such as SAP SE (Germany), IBM Corporation (US), Moody's Analytics, Inc. (US), SAS Institute Inc. (US), Oracle Corporation (US), Verisk Analytics, Inc.
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The advent of dynamic technologies and an increasing need for industry-specific solutions are some of the key drivers of the market.
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 cyber crime).
Major Key Target Audience in forecast period 2017 to 2022:
- Risk engine solution providers
- Governance, Risk Management, and Compliance (GRC) solution providers
- Consulting companies
- Government agencies
- Risk assessment service providers
- Investors and venture capitalists
- Value-added resellers
- Small, medium-sized, and large enterprises
- Third-party providers
- Consultants/consultancies/advisory firms
- Support and maintenance service providers
- Technology providers
Risk analytics solutions:
This includes aggressively adopted by organizations across the globe to minimize their losses incurred due to the risks in their business operations and to gain a competitive edge in the market.
Companies such as IBM Corporation, Oracle Corporation, and SAS Institute offer comprehensive risk analytics solutions and services to cater to various needs of their customers. The companies are increasingly deploying both organic as well as inorganic strategies to drive their growth in the burgeoning risk analytics market.
Moreover, as North America continues to grow with a strong hold on banking, insurance, healthcare, and manufacturing industry verticals, the enterprises would be looking toward adopting an astute risk management program that would help them to manage their risks.
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