The Europe Risk Analytics Market is expected to witness market growth of 12.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $6.75 billion by 2031. The UK market is exhibiting a CAGR of 11.4% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 13.2% during 2024-2031.
Risk analytics aids in monitoring and managing risks associated with internal processes, systems, and human factors. This includes supply chain disruptions, system failures, and employee misconduct. Organizations use risk analytics to ensure adherence to regulatory requirements and standards. This involves monitoring transactions, identifying suspicious activities, and preventing fraud. Companies employ risk analytics to make informed strategic decisions, considering potential risks and uncertainties that could impact long-term goals and objectives.
Additionally, the adoption of risk analytics is growing rapidly as organizations recognize its value in enhancing risk management practices. Stricter regulations and compliance requirements drive organizations to adopt risk analytics to avoid penalties and legal issues. Regulatory bodies like Basel III, GDPR, and the Sarbanes-Oxley Act mandate rigorous risk management practices.
As more companies, particularly SMEs, embrace cloud computing, big data analytics, and AI, the demand for sophisticated risk management tools to secure digital assets and infrastructure is expected to rise. Risk analytics are crucial in helping organizations evaluate potential risks in their digital operations, optimize their processes, and ensure compliance with data protection regulations, such as the General Data Protection Regulation (GDPR). With the EU’s digital transformation goals, risk analytics solutions are essential to help businesses safeguard against new vulnerabilities introduced by these technologies.
The Germany market dominated the Europe 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 $6.75 billion by 2031. The UK market is exhibiting a CAGR of 11.4% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 13.2% during 2024-2031.
Risk analytics aids in monitoring and managing risks associated with internal processes, systems, and human factors. This includes supply chain disruptions, system failures, and employee misconduct. Organizations use risk analytics to ensure adherence to regulatory requirements and standards. This involves monitoring transactions, identifying suspicious activities, and preventing fraud. Companies employ risk analytics to make informed strategic decisions, considering potential risks and uncertainties that could impact long-term goals and objectives.
Additionally, the adoption of risk analytics is growing rapidly as organizations recognize its value in enhancing risk management practices. Stricter regulations and compliance requirements drive organizations to adopt risk analytics to avoid penalties and legal issues. Regulatory bodies like Basel III, GDPR, and the Sarbanes-Oxley Act mandate rigorous risk management practices.
As more companies, particularly SMEs, embrace cloud computing, big data analytics, and AI, the demand for sophisticated risk management tools to secure digital assets and infrastructure is expected to rise. Risk analytics are crucial in helping organizations evaluate potential risks in their digital operations, optimize their processes, and ensure compliance with data protection regulations, such as the General Data Protection Regulation (GDPR). With the EU’s digital transformation goals, risk analytics solutions are essential to help businesses safeguard against new vulnerabilities introduced by these technologies.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Risk Analytics Market by Type
Chapter 6. Europe Risk Analytics Market by Deployment
Chapter 7. Europe Risk Analytics Market by Risk Types
Chapter 8. Europe Risk Analytics Market by Vertical
Chapter 9. Europe 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
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