Risk Analytics Market Growing at 12.8% CAGR to 2021 Dominated by North America

Jul 05, 2016, 20:30 ET from Market Reports Hub

PUNE, India, July 6, 2016 /PRNewswire/ --

Global risk analytics market size is to grow from $16.55 billion in 2016 to $30.18 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.8% driven by factors such as increasing competitive pressure on SMEs and global regulatory frameworks and government policies while North America is set to dominate the global market.

Complete report on risk analytics market across 167 pages, profiling 10 companies and supported with 64 tables and 51 figures is now available at http://www.marketreportshub.com/risk-analytics-industry-research-2019-marketsandmarkets.html .

The scorecard and visualization tools market is estimated to grow with the highest CAGR during the forecast period. Scorecard and visualization tools software is gaining traction in the market as it enables representation of multi-dimensional data to enhance the quality of analysis and insight by facilitating rapid and accurate observations

North America has captured the largest market share in 2016. This region is witnessing rapid growth of risk analytics solutions by end-users due to the rise in operational risk and to safeguard their businesses from losses.

The stern non-compliance measures adopted by the government and various regulatory bodies in this region have also given a thrust to risk analytics solutions. APAC is the fastest growing region with the highest CAGR. This region offers potential growth opportunities due to the rise in technology penetration and presence of large number of SMEs who are under tremendous competitive pressure from large enterprises.

The latest trends in risk analytics include GRC software and scorecard and visualization tools. Increasing competitive pressure on SMEs and global regulatory frameworks and government policies are driving the risk analytics market, which is improving the overall business value. The risk analytics market is consumer driven and its major end-users are SMEs and large enterprises. Moreover, the market in APAC is gaining high market traction due to the increasing economic growth and increasing number of SMEs.

The various key risk analytics vendors profiled in this report such as IBM Corporation (New York, U.S.), SAP SE ( Walldorf, Germany), SAS Institute, Inc. (North Carolina, U.S.), Oracle Corporation (California, U.S.), FIS Global (Florida, U.S.), Verisk Analytics, Inc. (New Jersey, U.S.), Moody's Analytics, Inc. (New York, U.S.), AxiomSL (New York, U.S.), Accenture PLC (Dublin, Ireland) and Fair Isaac Corporation (FICO) (California, U.S.). Order a copy of Risk Analytics Market by Software (ETL Tools, Risk Calculation Engines, Scorecard & Visualization Tools, Dashboard Analytics & Risk Reporting Tools, GRC Software, & Others), Service, Application, Vertical, & by Region - Global Forecast to 2021 research report available at http://www.marketreportshub.com/purchase?rpid=2069 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (40%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global risk analytics market. The primary interviews were conducted worldwide covering regions such as North America (52%), Europe (21%), Asia-Pacific (20%) and RoW (7%).

On a related note, another research on Security Analytics Market Global Forecast to 2021 says, the security analytics market size is to grow USD 9.38 Billion by 2021, at a CAGR of 27.1% during the forecast period. Rise in sophistication level of threats and security breaches are driving the growth of the security analytics market. Network security analytics to have the largest market size in 2016. Companies like Cisco Systems, Inc., IBM Corporation, Hewlett Packard Enterprise, EMC RSA, Fire Eye, Inc., Arbor Networks, Inc., LogRhythm, Inc., Alert Logic, Blue Coat Systems, Inc. and others have been profiled in this 171 pages research report available at http://www.marketreportshub.com/security-analytics-industry-research-2018-marketsandmarkets.html .

Explore more reports on chemicals market at I.T. & Telecommunication http://www.marketreportshub.com/categories/i-t-telecommunication .

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