“The risk analytics solutions are widely being adopted by businesses across a broad spectrum of verticals, such as Banking and Financial services, Insurance, manufacturing, logistics & transportation, retail & consumer goods, telecommunication & IT, media & entertainment, government, healthcare, energy & utilities, and others.
With the rising acknowledgements to risk analytics, this software applications, solutions and services is fast gaining momentum in the market. This has in turn benefited the risk analytics software providers, risk analytics service provider, and as well as emerging cloud-based risk analytics service vendors to leverage and expand their provisions in this market. Considering this, the risk analytics offerings has also been chiefly accountable for increasing the average revenues for these stakeholders in the risk analytics ecosystem. Thus, these augmentations have also observed the rise in risk analytics market.
The complete risk analytics market analysis evaluates various types, solutions, services, applications, verticals, and regions of the risk analytics market. The overall market size is found by adding up the individual market sizes of all the applications including fraud detection and prevention, liquidity risk analysis, credit risk management, real-time situational awareness, industry benchmarking and validation, and others applications.
The risk analytics solution is currently offered by numerous vendors such as IBM, Oracle, SAP, SAS, Teradata, WNS, Accenture, Moody’s Analytics, Crisil, Mu Sigma, and many more. These vendors are selling variations of risk analytics applications and managed services.
Nowadays, the major issue retraining the growth of the risk analytics market is the upfront cost of the solution. Thus, the risk analytics vendors as well as resellers and systems integrators are working together to make sure that the maximum features are provided with the minimum cost. The risk analytics vendors are also engaged in delivering advanced applications with lower cost to enhance business efficiency.
The report is expected to help the market leaders/new entrants in this market in the following ways:
1. This report segments the risk analytics market into applications, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across types, solutions, services, verticals, and regions.
2. This report will help them better understand the competitors and gain more insights to better position their business. There is a separate section on competitive landscape that includes competitors’ ecosystem and their roles in the market. Besides, there are company profiles of the top 10 players in this market. In this section, market internals are provided that can put them ahead of the competitors.
3. The report helps them to understand the overall growth of the market. The report provides information and analysis of key market drivers, restraints, challenges, and opportunities.