The Risk Analytics Market to grow by USD 30,575.42 million from 2022 to 2027|Growth driven by an increase in data and security breaches among enterprises - Technavio

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Aug 07, 2023, 04:00 ET

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The risk analytics market is expected to grow by USD 30,575.42 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of 12.09% during the forecast period, according to Technavio. The risk analytics market is fragmented, and companies are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Accenture Plc, Adenza Group Inc., CoreLogic Inc., Fidelity National Information Services Inc., Finastra, Genpact Ltd., GURUCUL, International Business Machines Corp., Moodys Corp., National Instruments Corp., OneSpan Inc., Oracle Corp., Provenir Group, Recorded Future Inc., Risk Edge Solutions, SAP SE, SAS Institute Inc., Tata Consultancy Services Ltd., Verisk Analytics Inc., and Intrado Life and Safety Inc. are some of the major market participants - To know about the company offerings - Request a sample report

Technavio has announced its latest market research report titled Global Risk Analytics Market

Risk Analytics Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The risk analytics market report covers the following areas:

Risk Analytics Market 2023-2027: Drivers & Challenges

Key Driver

The increase in data and security breaches among enterprises is a key factor driving market growth. The threat of cyberattacks is increasing because of several BFSIs, IT companies rely on big data analytics and cloud computing to gain a competitive advantage. Furthermore, financial firms can suffer damage not only from the loss of a valuable customer but also from their reputation. To meet these challenges, an increasing number of BFSIs, healthcare, and others are choosing risk management tools that provide compliance automation that allows them to monitor and enforce compliance more closely and effectively. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Technological innovation in risk analytics platforms is a major trend in the market. There has been an increase in reported data breaches and internet fraud incidents at banks and institutions around the world. In addition, AI-based analytics can also be used to generate high-quality reports that can further analyze the risks, financial reporting controls, and operating environment of the organization. Therefore, increasing technological innovation is expected to drive market growth during the forecast period.

Significant Challenges

The threat from open-source risk management solutions is a significant challenge restricting market growth. Open-source application solutions are developed and provided free of charge by IT organizations. The high cost of risk analysis solutions has led to an increase in the adoption of open-source applications, especially among organizations with low IT budgets. Additionally, organizations are moving towards cost-effective open-source risk management solutions, driven by the growing need for risk management and asset tracking by financial institutions. Therefore, the threat from open-source risk management solutions is expected to drive market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a PDF sample

Risk Analytics Market 2023-2027: Segment Analysis

Component

Solution
Service

Deployment

On-premises
Cloud

Geography

North America
Europe
APAC
South America
Middle East and Africa

Risk Analytics Market 2023-2027: Segmentation Highlights

The market share growth by the solution segment is estimated to witness significant growth during the forecast period. There is a growing need for solutions that can help reduce risks and improve the overall performance of the organization. Its growth is driven by advances in technology, growing volumes of data, and the need for effective risk management and analytics. This allows the software to simplify compliance processes, reduce errors, and eliminate the need for costly and time-consuming manual processes. Hence, these factors are expected to drive segment growth during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. The growth in the region is due to the presence of many organizations belonging to the BFSI, IT, healthcare, and other industries. Moreover, the major buyers of risk analytics solutions in this region are organizations belonging to these end-user industries, as it enables cash management, payments, financial instruments, accounting, banking, risk management, and hedge accounting. Therefore, these factors are expected to drive market growth in the region during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Risk Analytics Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist risk analytics market growth during the next five years.
Estimation of the risk analytics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the risk analytics market across North America, Europe, APAC, South America, and the Middle East and Africa
Analysis of the market's competitive landscape and detailed information on companies
Comprehensive details of factors that will challenge the growth of risk analytics market companies

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Risk Analytics Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 12.09%
Market growth 2023-2027	USD 30,575.42 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	11.23
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 33%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Accenture Plc, Adenza Group Inc., CoreLogic Inc., Fidelity National Information Services Inc., Finastra, Genpact Ltd., GURUCUL, International Business Machines Corp., Moodys Corp., National Instruments Corp., OneSpan Inc., Oracle Corp., Provenir Group, Recorded Future Inc., Risk Edge Solutions, SAP SE, SAS Institute Inc., Tata Consultancy Services Ltd., Verisk Analytics Inc., and Intrado Life and Safety Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global risk analytics market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on global risk analytics market 2017 - 2021 ($ million)

4.2 Component Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

4.3 Deployment Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments

Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

6.2 Comparison by Component

Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component

6.3 Solution - Market size and forecast 2022-2027

Exhibit 34: Chart on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Solution - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Solution - Year-over-year growth 2022-2027 (%)

6.4 Service - Market size and forecast 2022-2027

Exhibit 38: Chart on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Service - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Service - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Component

Exhibit 42: Market opportunity by Component ($ million)
Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Deployment

7.1 Market segments

Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)

7.2 Comparison by Deployment

Exhibit 46: Chart on Comparison by Deployment
Exhibit 47: Data Table on Comparison by Deployment

7.3 On-premises - Market size and forecast 2022-2027

Exhibit 48: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on On-premises - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on On-premises - Year-over-year growth 2022-2027 (%)

7.4 Cloud - Market size and forecast 2022-2027

Exhibit 52: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Cloud - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Deployment

Exhibit 56: Market opportunity by Deployment ($ million)
Exhibit 57: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027

Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027

Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 107: Overview on factors of disruption

11.4 Industry risks

Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 109: Vendors covered

12.2 Market positioning of vendors

Exhibit 110: Matrix on vendor position and classification

12.3 Accenture Plc

Exhibit 111: Accenture Plc - Overview
Exhibit 112: Accenture Plc - Business segments
Exhibit 113: Accenture Plc - Key news
Exhibit 114: Accenture Plc - Key offerings
Exhibit 115: Accenture Plc - Segment focus

12.4 Adenza Group Inc.

Exhibit 116: Adenza Group Inc. - Overview
Exhibit 117: Adenza Group Inc. - Product / Service
Exhibit 118: Adenza Group Inc. - Key offerings

12.5 Fidelity National Information Services Inc.

Exhibit 119: Fidelity National Information Services Inc. - Overview
Exhibit 120: Fidelity National Information Services Inc. - Business segments
Exhibit 121: Fidelity National Information Services Inc. - Key news
Exhibit 122: Fidelity National Information Services Inc. - Key offerings
Exhibit 123: Fidelity National Information Services Inc. - Segment focus

12.6 Finastra

Exhibit 124: Finastra - Overview
Exhibit 125: Finastra - Product / Service
Exhibit 126: Finastra - Key offerings

12.7 Genpact Ltd.

Exhibit 127: Genpact Ltd. - Overview
Exhibit 128: Genpact Ltd. - Business segments
Exhibit 129: Genpact Ltd. - Key news
Exhibit 130: Genpact Ltd. - Key offerings
Exhibit 131: Genpact Ltd. - Segment focus

12.8 International Business Machines Corp.

Exhibit 132: International Business Machines Corp. - Overview
Exhibit 133: International Business Machines Corp. - Business segments
Exhibit 134: International Business Machines Corp. - Key news
Exhibit 135: International Business Machines Corp. - Key offerings
Exhibit 136: International Business Machines Corp. - Segment focus

12.9 Intrado Life and Safety Inc.

Exhibit 137: Intrado Life and Safety Inc. - Overview
Exhibit 138: Intrado Life and Safety Inc. - Product / Service
Exhibit 139: Intrado Life and Safety Inc. - Key offerings

12.10 OneSpan Inc.

Exhibit 140: OneSpan Inc. - Overview
Exhibit 141: OneSpan Inc. - Product / Service
Exhibit 142: OneSpan Inc. - Key offerings

12.11 Oracle Corp.

Exhibit 143: Oracle Corp. - Overview
Exhibit 144: Oracle Corp. - Business segments
Exhibit 145: Oracle Corp. - Key news
Exhibit 146: Oracle Corp. - Key offerings
Exhibit 147: Oracle Corp. - Segment focus

12.12 Provenir Group

Exhibit 148: Provenir Group - Overview
Exhibit 149: Provenir Group - Product / Service
Exhibit 150: Provenir Group - Key offerings

12.13 Recorded Future Inc.

Exhibit 151: Recorded Future Inc. - Overview
Exhibit 152: Recorded Future Inc. - Product / Service
Exhibit 153: Recorded Future Inc. - Key offerings

12.14 Risk Edge Solutions

Exhibit 154: Risk Edge Solutions - Overview
Exhibit 155: Risk Edge Solutions - Product / Service
Exhibit 156: Risk Edge Solutions - Key offerings

12.15 SAP SE

Exhibit 157: SAP SE - Overview
Exhibit 158: SAP SE - Business segments
Exhibit 159: SAP SE - Key news
Exhibit 160: SAP SE - Key offerings
Exhibit 161: SAP SE - Segment focus

12.16 SAS Institute Inc.

Exhibit 162: SAS Institute Inc. - Overview
Exhibit 163: SAS Institute Inc. - Product / Service
Exhibit 164: SAS Institute Inc. - Key news
Exhibit 165: SAS Institute Inc. - Key offerings

12.17 Verisk Analytics Inc.

Exhibit 166: Verisk Analytics Inc. - Overview
Exhibit 167: Verisk Analytics Inc. - Business segments
Exhibit 168: Verisk Analytics Inc. - Key offerings
Exhibit 169: Verisk Analytics Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 172: Currency conversion rates for US$

13.4 Research methodology

Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources

13.5 List of abbreviations

Exhibit 176: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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