From GlobeNewswire: 2025-02-13 10:00:00

The Risk Analytics Market, valued at $37.51 billion in 2023, is projected to reach $109.35 billion by 2032 with a 12.65% CAGR. Factors driving growth include technology adoption, evolving customer behavior, and regulatory frameworks. Demand for risk analytics solutions is increasing with data-driven decision-making gaining traction. Major players in the market include IBM, SAS Institute, and Oracle.

By component, the software segment leads the risk analytics market, while the solutions segment is expected to grow rapidly. In 2023, the software segment dominated with 65% revenue share due to advanced analytics adoption. The solutions segment is projected to grow at a CAGR of 13.77% from 2024 to 2032.

On-premise deployment holds the majority share in the market, driven by data security and system integration preferences. However, the cloud segment is expected to grow fastest, with a CAGR of 14.19% from 2024 to 2032 due to cost-effective solutions. In terms of industry verticals, BFSI leads the market, with manufacturing set to experience the fastest growth.

Operational risk dominates the risk analytics market, while compliance risk is forecasted to grow the fastest. North America currently leads the market, with Asia Pacific expected to see rapid growth. North America’s dominance is attributed to tech firms, advanced analytics adoption, and strong regulatory frameworks. Asia Pacific’s growth is driven by digital transformation and increased regulatory compliance. The Asia Pacific risk analytics market is booming due to growth in financial services, cloud investments, and Industry 4.0 advancements. A comprehensive report includes key points like market dynamics, segmentation, and regional analysis. SNS Insider offers consulting services such as Go To Market Assessment and Total Addressable Market Assessment to help businesses navigate this growing market.



Read more at GlobeNewswire: Risk Analytics Market To Reach Usd 109.35 Billion By 2032 |