Increasing Adoption of Various R&D Activities with Increasing Government Initiatives to Drive the Global Risk Analytics Market

Published: May 2022

The global risk analytics market is anticipated to grow at a CAGR of 14.1% during the forecast period. Key players are investing aggressively in R&D activities to expand their product range and create a world-class portfolio of emerging technology, software, and solutions through internal innovations and acquisitions. Major players concentrate on delivering advanced and personalized risk management tools to clients, engaging in cloud-based technologies and processes, and penetrating the existing and adjacent markets. For instance, in April 2022, Tata Consultancy Services (TCS) launched an agile and intuitive risk-based monitoring solution for clinical trials, that enables intelligent decision making, increased compliance, and improves study efficacy. In October 2021, Marsh McLennan Launched Global Cyber Risk Analytics Center.

Browse the full report description “Global Risk Analytics Market Size, Share & Trends Analysis Report by Deployment Model (On-premises and Cloud-Based), and by Verticals (BFSI, IT & Telecommunication, Healthcare, Retail, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/risk-analytics-market-size

Furthermore, in September 2021, BKD Analytics, a national practice unit of BKD CPAs & Advisors, announced a new addition to its suite of products, Payment Risk Analytics. Payment Risk Analytics can help identify areas for process improvement, and conflicts of interest and assist in the detection of fraud. In April 2020, Wolters Kluwer’s CPM business launched its COVID-19 related regulatory compliance resource COVID-19 Noteworthy Developments Bulletin to provide COVID-19 related regulatory updates such as global regulatory orders, notices, changes, and other updates for the financial services industry.

Several other launches in the risk analytics market include-

In April 2020, Moody's Analytics, Inc. launched the Solvency Watch tool, which lets insurers and Chief Risk Officers track their main solvency indicators effectively and successfully detect risks associated. Key Players Focusing on Enhancing Product Efficiency.

In February 2020, Gurucul, one of the prominent players in this analytics technology for on-premises and the cloud, launched Gurucul Unified Security & Risk Analytics, a cloud-based data science platform. This architecture unifies the main functions of the Cyber Defense Center to allow contextual, risk-based decisions to simplify security controls.

In June 2019, Moody's Analytics, Inc. partnered with Imarticus learning. This collaboration is aimed to provide a Credit Risk and Underwriting course to offer instruction to financial professionals in India and knowledge about managing financial risks. This would help to enhance the expertise of all practitioners.

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Deployment Models
  • By Verticals

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- IBM Corp, Moody’s Corp., Oracle Corp., SAP SE, and SAS Institute Inc., among others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

oDeviation from the pre-COVID-19 forecast

oMost affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?
  • Global Risk Analytics Market Report by Segment

By Deployment Models 

  • On-Premise 
  • Cloud-Based 

By Verticals 

  • Banking, Financial Services, and Insurance (BFSI)
  • IT & Telecommunication
  • Healthcare
  • Retail
  • Others 

Global Risk Analytics Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

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