The risk analytics market is anticipated to grow at a CAGR of 14.1% during the forecast period owing to the rising adoption of risk analytics tools by the enterprises that are thriving to reduce the catastrophic losses. The risk analytic tools have enabled all sizes of organizations to increase revenues while reducing risk costs and improving their underwriting decisions. The risk analytics market is serving a wide range of sectors including banking, financial and insurance, IT and telecommunication, government, retail and healthcare among others. Risk analytics industry is experiencing the uprising trends in recent time with the new software and technologies coming into work.
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
Software provided by different companies in the risk analytics market that are being used in a variety of sectors today are as follows:
Oracle Crystal Ball
Oracle crystal ball by Oracle is capable of advanced finance and forecasting techniques. It is based on a spreadsheet for predictive modeling, simulation, forecasting, and optimization of insights into the factors that are affecting risk.
LogicGate
LogicGate by LogicGate is an agile financial risk management software that according to the business changes, allows customers to accurately identify, assess, and monitor the business risks involved. It can be automated without any programming code as it I highly customizable.
Riskturn
Riskturn by Riskturn Inc. is a cloud solution for risk-based capital budgeting. It offers services that include operational risk management, value at risk calculation portfolio modeling, risk analytics benchmarks, portfolio management. Riskturn helps organizations with modeling their various scenarios such as country risk, political risk, bank risk, client risk, and commodity risk.
Project Risk Analysis
Project risk analysis offered by Rose & Associates is a solution that provides multiple play segment characterization, pilot-sizing, and forecasting from limited data sets. It helps businesses with distribution parameters, unit conversion, toolbox and more.
However, increasing need for the enterprises to be competitive in the market and rising cloud-based risk analytics technology is presenting new opportunities for the risk analytic market players. The active players in the risk analytics market are adopting new technologies and are opening for new mergers and acquisitions to stay ahead in the risk analytics market. For instance, in January 2018, SAS integrated AI with its solution by leveraging machine learning, deep learning, text analytics, forecasting, and statistic. This will help the company to serve better and unlock new possibilities in industries such as banking, government, retail, manufacturing, health care, and life sciences.
Risk Analytics Market – Segmentation
By Deployment Model
By Verticals
Risk Analytics Market- Segmented by Region
North America
Europe
Asia-Pacific
Rest of the World