Increasing Use Of Large Amounts Of Structured And Unstructured Data To Drive The Market: Powering Innovation and Expansion in the Global Risk Analytics Market by 2025

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What Is the Expected CAGR for the Risk Analytics Market Through 2025?
In recent times, there has been a swift expansion in the size of the risk analytics market. It's projected that this market will escalate from $37.12 billion in 2024 to $41.43 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.6%. The striking growth observed in the past can be credited to various factors such as business continuity planning, operational efficiency and cost reduction, risks associated with supply chains, volatility in financial markets, and operational risk management.

What's the Projected Size of the Global Risk Analytics Market by 2029?
The market size for risk analytics is anticipated to experience swift expansion in the upcoming years, reaching $71.55 billion in 2029 with a 14.6% compound annual growth rate (CAGR). The predicted growth within this period is predominantly owing to factors such as rising demand for on-the-spot analytics, unification with business intelligence, specialized risk management requirements, emphasis on operational sturdiness, and cybersecurity threats. Key trends expected throughout this period encompasses the incorporation of cutting-edge technologies, heightened attention to cybersecurity analytics, preventative risk analytics, concentration on cloud-based solutions, and administration of supply chain risk.

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Top Growth Drivers in the Risk Analytics Industry: What's Accelerating the Market?
The risk analytics market is expected to flourish due to the rising utilization of massive quantities of structured and unstructured data. Structured data, typically stored in a structured database and is easily mapped into specified fields, while unstructured data lacks organization according to a specific data model or schema, making it incompatible with conventional relational databases. Approximately 80 to 90% of data gathered by businesses is unstructured, and its rate of increase outpaces that of structured databases. As businesses continue to leverage these extensive data sets for prediction, risk analysis, forecasting, and more, demand for risk analytics will surge. After all, risk analytics employs vast amounts of structured and unstructured data to estimate risk with high precision. For instance, global data is predicted by American data storage firm Seagate Technology PLC to escalate by 61%, reaching 175 zettabytes (ZB) in 2025 from 33 ZB in 2018; IoT devices are expected to generate 90 ZB of this by 2025. Nearly 30% of the data produced will be utilized in real-time by 2025, pointing to the critical need for data to be stored, managed, and analyzed. Consequently, enhanced usage of structured and unstructured data will fuel expansion in the risk analytics market.

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What Trends Will Shape the Risk Analytics Market Through 2029 and Beyond?
The incorporation of modern technology is a growing trend in the risk analytics market. Tools such as artificial intelligence (AI) and machine learning (ML) are being utilized in risk analytics to process large volumes of data, reduce error, eliminate bias, and indicate areas that require more attention from risk managers. AI is being adopted by companies to enhance the understanding of risk profiles and to generate superior results. AI-driven risk analytics software is user-friendly and provides precise results. For example, NICE Actimize, a software firm based in the United States, launched an innovative, high-tech solution in March 2022 called the X-Sight Entity Risk SaaS solution. This solution provides a singular risk score that empowers financial institutions to have a deeper comprehension of their clients throughout the organization. The X-Sight Entity Risk solution, fueled by artificial intelligence, machine learning, and network analytics, improves the effectiveness of progressive anti-money laundering measures, corporate fraud prevention, and other financial service applications.

What Are the Main Segments in the Risk Analytics Market?
The risk analyticsmarket covered in this report is segmented -

1) By Risk Type Application: Financial Risks, Operational Risks, Compliance Risks, Strategic Risks, Other Risk Type Applications
2) By Component: Solution, Services
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMES)
4) By Deployment Mode: On-Premises, Cloud
5) By Vertical: BFSI, Manufacturing, Transportation, Retail, IT And Telecommunication, Healthcare, Government

Subsegments:
1) By Financial Risks: Credit Risk, Market Risk, Liquidity Risk, Interest Rate Risk
2) By Operational Risks: Process Risks, System Risks, Fraud Risks, External Events
3) By Compliance Risks: Regulatory Risks, Legal Risks, Reporting Risks
4) By Strategic Risks: Competitive Risks, Market Entry Risks, Technology Risks
5) By Other Risk Type Applications: Reputational Risks, Environmental Risks, Geopolitical Risks

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Which Top Companies are Driving Growth in the Risk Analytics Market?
Major companies operating in the risk analytics market include International Business Machines Corporation, Oracle Corporation, SAS Institute Inc., SAP SE, FIS Inc., accenture* PLC., ACI Worldwide Inc., Adyen N. V., Aon plc, Authorize. Net, AxiomSL Ltd., BlueSnap, Braintree, Capgemini SE, Eastnets, Experian Health, First Data Corporation, Fiserv Inc., Ingenico Group, Interkassa, Marsh & McLennan Companies Inc., Moody's Analytics Inc., OneSpan Inc., PayPal Holdings Inc., RSA Security LLC, Square Inc., Stripe Inc., VeriFone Inc., Verisk Analytics Inc., Worldpay Inc.

Which Regions Will Dominate the Risk Analytics Market Through 2029?
North America was the largest region in the risk analytics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the risk analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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