Risk Analytics Market Share
                     Market Highlights 
The pressing need to measure, quantify, and predict risks within the context of emerging disruptive 
forces, evolving business models, and changing the regulatory landscape, is intensifying the 
demand for risk analytics services. Risk analytics is the utilization of data analytics tools and 
techniques combined with the adherence to regulatory and management regulations to calculate 
possible scenarios and events that might affect the business. Risk analytics services help businesses 
manage risks better, improve performance, reduce costs, and increase profits. Market Research 
Future (MRFR) has recently published a comprehensive report on the global risk analytics market 
and has projected the market to reach USD 42 Bn at a CAGR of 14% over the forecast period of 
2017-2023. 
Risk management is essential for businesses and has been in practice for years. However, in recent 
years, the area has gained substantial significance due to a rise in awareness. Risk management has 
become the key area of concern for the C-suite and relying on mere instincts might turn out to be 
risky for businesses. This has compelled organizations to turn to risk analytics solutions, which are 
backed by hard data. Additionally, growing uncertainty in the cyberspace has compelled 
organizations to protect their valuable data, which has further led to the proliferation of the risk 
analytics market. 
The BFSI and insurance sector are responsible for generating a huge chunk of the overall risk 
analytics market demand. Risk analysis is immensely important to these sectors as it helps them 
mitigate the chances of huge economic loss. Other factors that contributes to the growth of the 
market include technological advancement in risks analytics tools and the adoption of cloud 
services. Cloud adoption facilitates storage of huge volumes of data. Organizations can use risk 
analytics to identify key trends and patterns which would aid is better risk management. 
Segmentation: 
The global risk analytics market share has been segmented based on component, deployment, and 
vertical. 
By component, the risk analytics market has been segmented into software and services. The 
software segment has been further segmented into Extract, Transform and Load Tools, Dashboard 
Analytics and Risk Reporting Tools, and Scorecard, Visualization Tools, Risk Calculation Engines, 
and GRC Software, among others. The services segment has been further segmented into managed 
services and professional services.  
By deployment, the risk analytics market has been segmented into on-premise and on-cloud. 
By vertical, the risk analytics market has been segmented into BFSI, Healthcare, Transportation, 
Manufacturing, Retail, and Government, among others. The BFSI sector is leading in the deployment 
of risk analysis solutions as the sector is subject to high degree risks. 
Regional Analysis: 
Region-wise, the risk analytics market has been segmented into North America, Rest-of-the-World 
(RoW), Europe, and Asia Pacific (APAC).  
North America accounts for the principal share of the risk analytics market. Progress made in 
technology along with the growing use of mobile devices and other gadgets in the region. In 
addition, the presence of key players in the region gives it unprecedented leverage over others.  
The APAC market is anticipated to grow at the fastest rate over the forecast period. Constant 
currency fluctuation and increasing demand from end-use industries have boosted the growth of 
the APAC risk analytics market. The BFSI sector, in particular, has generated substantial demand for 
risk analytics solutions in the region. 
Competitive Dashboard: 
Moody's Analytics, Inc. (U.S.), Verisk Analytics, Inc. (U.S.), SAP SE (Germany), Misys (U.K.), Provenir, 
Inc. (U.S.), SAS Institute Inc. (U.S.), AxiomSL (U.S.), Gurucul (U.S.), Risk Edge Solutions (India), Oracle 
Corporation (U.S.), and IBM Corporation (U.S.) are the key players in the global risk analytics 
market. 
Industry Updates 
July 2019 - Bitdefender, a global cybersecurity and antivirus software leader, announced the 
integration of security risk analytics capabilities into its GravityZone endpoint security solution. 
The new risk analytics solution would help enterprises ensure that they can discover, prioritize, 
and remediate risks from endpoint software misconfigurations.