Portland, OR -- (SBWire) -- 12/19/2017 --The focus area for enterprises has shifted from manual or intuition-based risk analysis to quantifiable data-based analytics. The changing dynamics of businesses make intuition-based decision making a complex option for enterprise-level businesses, even if the decisions are made by expert personnel. This is where advanced analytical tools are used to identify and understand the risk with immense clarity. In the fast-paced and highly unstable market, the usage of real-time risk analytics and on-demand analytics enables quick and early detection of potential threats to prevent risking of cash flows.
Based on software, the market is divided into transform and load tools, dashboard & risk reporting tools, governance and compliance tools, risk calculation engines, visualization tools, and others. Based on services, the market is sub-segmented into system integration, maintenance and support, and risk assessment. The application segment is categorized into industry benchmarking, credit risk management, fraud detection & prevention, real-time awareness, and others. By industry, it is classified into BFSI, automotive, manufacturing, transportation & logistics, IT & telecom, retail, healthcare, government utilities, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
Increase in competitive pressure on SMEs
Increase in adoption of big data solutions across industry verticals
Restraints:
High initial cost for setup and integration
The lack of skilled and expert technicians as system integrators and service providers for risk analytics
MARKET PLAYERS:
The top players in the global risk analytics market include, IBM Corporation, SAP SE, SAS Institute, Inc., Oracle Corporation, FIS Global, Verisk Analytics, Inc., Moodys Analytics, Inc., Axiom SL, Accenture PLC, Fair Isaac Corporation (FICO)
MARKET LANDSCAPE
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By Software
Transform and load tools
Dashboard & risk reporting tools
Governance and compliance tools
Risk calculation engines
Visualization tools
Others
By Service
System integration
Maintenance and support
Risk assessment
By Application
Industry Benchmarking
Credit Risk Management
Fraud Detection & Prevention
Real-Time Awareness
Others
By Industry Vertical
BFSI
Automotive
Manufacturing
Transportation & logistics
IT & telecom
Retail
Healthcare
Government utilities
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
New Report Shares Details About the Stocks of Companies Operating in the Risk Analytics Market to Hit Record High
Risk analytics and on-demand analytics enables quick and early detection of potential threats to prevent risking of cash flows.