New Market Report: Risk Analytics Market - Global Forecast to 2021
New Computer Technology research report from Markets and Markets is now available from Fast Market Research
[ClickPress, Fri Jul 15 2016] Risk Analytics Market by Software (ETL Tools, Risk Calculation Engines, Scorecard & Visualization Tools, Dashboard Analytics & Risk Reporting Tools, GRC Software, & Others), Service, Application, Vertical, & by Region - Global Forecast to 2021
"Increasing competitive pressure on SMEs and global regulatory frameworks and government policies are driving the risk analytics market"
The global risk analytics market size is estimated to grow from USD 16.55 billion in 2016 to USD 30.18 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.8%. The risk analytics market is driven by factors such as increasing competitive pressure on SMEs and global regulatory frameworks and government policies.
Full Report Details at
"The scorecard and visualization tools market is expected to gain high traction during the forecast period"
The scorecard and visualization tools market is estimated to grow with the highest CAGR during the forecast period. Scorecard and visualization tools software is gaining traction in the market as it enables representation of multi-dimensional data to enhance the quality of analysis and insight by facilitating rapid and accurate observations
"North America is expected to contribute the largest market share during the forecast period"
North America has captured the largest market share in 2016. This region is witnessing rapid growth of risk analytics solutions by end-users due to the rise in operational risk and to safeguard their businesses from losses. The stern non-compliance measures adopted by the government and various regulatory bodies in this region have also given a thrust to risk analytics solutions. APAC is the fastest growing region with the highest CAGR. This region offers potential growth opportunities due to the rise in technology penetration and presence of large number of SMEs who are under tremendous competitive pressure from large enterprises.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
* By Company Type: Tier 1: 30%, Tier 2: 40%, and Tier 3: 30%
* By Designation: C level: 35%, Director level: 25%, and Others: 40%
* By Region: North America: 52%, Europe: 21%, Asia-Pacific (APAC): 20%, Rest of the World (ROW): 7%
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)