The Latin America, Middle East and Africa Risk Analytics Market is expected to witness market growth of 14.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $1.93 billion by 2031. The Argentina market is showcasing a CAGR of 15.8% during 2024-2031. Additionally, the UAE market is registering a CAGR of 13.4% during 2024-2031.
Managing risk is paramount for ensuring organizational resilience and sustained growth in the contemporary business environment. The risk analytics market has emerged as a vital domain, offering sophisticated tools and techniques to identify, assess, and mitigate various risks. This market encompasses various applications, from financial risk management to cybersecurity, and is witnessing rapid adoption across diverse industries.
Risk analytics is utilized across multiple sectors to address various financial, operational, strategic, compliance, and reputational risks. Financial institutions leverage risk analytics to manage credit, market, and liquidity risks. Advanced analytics models help predict default probabilities, assess market volatility, and ensure adequate capital reserves.
The risk analytics market is growing due to the increasing demand for data-driven insights across various sectors. The expansion of the retail sector in Brazil and the growth of the healthcare sector in the UAE both significantly contribute to the evolving landscape of risk analytics. Brazil’s retail trade has experienced consistent growth, with a notable 1.0% increase in January 2024 and an 8.2% year-on-year rise in February 2024. This growth in retail sales reflects the increasing complexity of the retail environment, characterized by a growing number of transactions, consumer demands, and supply chain complexities.
The Brazil market dominated the LAMEA 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 $1.93 billion by 2031. The Argentina market is showcasing a CAGR of 15.8% during 2024-2031. Additionally, the UAE market is registering a CAGR of 13.4% during 2024-2031.
Managing risk is paramount for ensuring organizational resilience and sustained growth in the contemporary business environment. The risk analytics market has emerged as a vital domain, offering sophisticated tools and techniques to identify, assess, and mitigate various risks. This market encompasses various applications, from financial risk management to cybersecurity, and is witnessing rapid adoption across diverse industries.
Risk analytics is utilized across multiple sectors to address various financial, operational, strategic, compliance, and reputational risks. Financial institutions leverage risk analytics to manage credit, market, and liquidity risks. Advanced analytics models help predict default probabilities, assess market volatility, and ensure adequate capital reserves.
The risk analytics market is growing due to the increasing demand for data-driven insights across various sectors. The expansion of the retail sector in Brazil and the growth of the healthcare sector in the UAE both significantly contribute to the evolving landscape of risk analytics. Brazil’s retail trade has experienced consistent growth, with a notable 1.0% increase in January 2024 and an 8.2% year-on-year rise in February 2024. This growth in retail sales reflects the increasing complexity of the retail environment, characterized by a growing number of transactions, consumer demands, and supply chain complexities.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Risk Analytics Market by Type
Chapter 6. LAMEA Risk Analytics Market by Deployment
Chapter 7. LAMEA Risk Analytics Market by Risk Types
Chapter 8. LAMEA Risk Analytics Market by Vertical
Chapter 9. LAMEA 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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