The Asia Pacific Risk Analytics Market is expected to witness market growth of 13.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Risk Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.59 billion by 2031. The Japan market is registering a CAGR of 12.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 14.2% during 2024-2031.
Innovations in big data, artificial intelligence (AI), and machine learning (ML) have made risk analytics more accessible and effective. These technologies enable real-time data analysis, predictive modelling, and automated risk assessment. The rising frequency and complexity of cyber-attacks compel organizations to adopt advanced risk analytics solutions to safeguard sensitive data and infrastructure.
Moreover, the unpredictable nature of markets necessitates robust risk analytics to manage financial risks and ensure stability. Companies leverage risk analytics to gain a competitive edge by proactively identifying and mitigating risks and improving decision-making and operational efficiency.
The risk analytics market is experiencing significant growth driven by advancements in the BFSI sector in India and the booming IT industry in China. These developments are creating new opportunities for risk management solutions across industries. India’s BFSI sector has shown remarkable growth, with a notable increase in the number of bank accounts, from 53% to 78% between FY16 and FY21. The country’s banking infrastructure, which includes over 1.6 lakh bank branches, is expanding rapidly, contributing to the growth of financial inclusion. Additionally, India’s fintech sector is poised for substantial growth, with projections indicating a rise from $50 billion in 2021 to $150 billion by 2025 and a potential $2.1 trillion opportunity by 2030.
The China market dominated the Asia Pacific Risk Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.59 billion by 2031. The Japan market is registering a CAGR of 12.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 14.2% during 2024-2031.
Innovations in big data, artificial intelligence (AI), and machine learning (ML) have made risk analytics more accessible and effective. These technologies enable real-time data analysis, predictive modelling, and automated risk assessment. The rising frequency and complexity of cyber-attacks compel organizations to adopt advanced risk analytics solutions to safeguard sensitive data and infrastructure.
Moreover, the unpredictable nature of markets necessitates robust risk analytics to manage financial risks and ensure stability. Companies leverage risk analytics to gain a competitive edge by proactively identifying and mitigating risks and improving decision-making and operational efficiency.
The risk analytics market is experiencing significant growth driven by advancements in the BFSI sector in India and the booming IT industry in China. These developments are creating new opportunities for risk management solutions across industries. India’s BFSI sector has shown remarkable growth, with a notable increase in the number of bank accounts, from 53% to 78% between FY16 and FY21. The country’s banking infrastructure, which includes over 1.6 lakh bank branches, is expanding rapidly, contributing to the growth of financial inclusion. Additionally, India’s fintech sector is poised for substantial growth, with projections indicating a rise from $50 billion in 2021 to $150 billion by 2025 and a potential $2.1 trillion opportunity by 2030.
List of Key Companies Profiled
- IBM Corporation
- Oracle Corporation
- SAP SE
- Microsoft Corporation
- SAS Institute Inc.
- NTT Data Corporation
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- Salesforce, Inc.
- Google LLC (Alphabet Inc.)
- Fair Isaac Corporation (FICO)
Market Report Segmentation
By Type- Software
- Services
- Professional
- Managed
- On-premise
- Cloud
- Operational Risk
- Financial Risk
- Strategic Risk
- Other Risk Types
- BFSI
- Telecom & IT
- Manufacturing
- Retail & E-commerce
- Energy & Utilities
- Government
- Healthcare
- Other Vertical
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Risk Analytics Market by Type
Chapter 6. Asia Pacific Risk Analytics Market by Deployment
Chapter 7. Asia Pacific Risk Analytics Market by Risk Types
Chapter 8. Asia Pacific Risk Analytics Market by Vertical
Chapter 9. Asia Pacific Risk Analytics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- SAP SE
- Microsoft Corporation
- SAS Institute Inc.
- NTT Data Corporation
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- Salesforce, Inc.
- Google LLC (Alphabet Inc.)
- Fair Isaac Corporation (FICO)
Methodology
LOADING...
