The North America Risk Analytics Market is expected to witness market growth of 11.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $24.98 billion by 2031. The Canada market is experiencing a CAGR of 14.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 13.2% during 2024-2031.
Risk analytics serves multiple purposes, providing organizations with the tools to navigate uncertainties and enhance risk management strategies. It helps identify potential risks and assess their impact and likelihood, enabling organizations to prioritize risks and allocate resources effectively.
Moreover, risk analytics can predict future risks and their potential impact by analyzing historical data and trends. This allows organizations to take preventive measures and mitigate risks before they materialize. Advanced risk analytics solutions offer real-time monitoring of risks, enabling organizations to respond promptly to emerging threats and minimize their impact.
The risk analytics market is poised for growth due to the evolving dynamics in key sectors such as energy in Canada and telecommunications in Mexico. These developments present significant opportunities for risk analytics providers to address sector-specific risks and improve decision-making processes. Canada’s energy sector is experiencing steady growth, with a projected 1% annual increase in electricity demand from 2014 to 2040, primarily driven by the industrial sector. This growth, coupled with a shift towards renewable energy sources such as wind, solar, biomass, and geothermal, creates new challenges and risks in energy production, distribution, and infrastructure.
The US market dominated the North America 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 $24.98 billion by 2031. The Canada market is experiencing a CAGR of 14.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 13.2% during 2024-2031.
Risk analytics serves multiple purposes, providing organizations with the tools to navigate uncertainties and enhance risk management strategies. It helps identify potential risks and assess their impact and likelihood, enabling organizations to prioritize risks and allocate resources effectively.
Moreover, risk analytics can predict future risks and their potential impact by analyzing historical data and trends. This allows organizations to take preventive measures and mitigate risks before they materialize. Advanced risk analytics solutions offer real-time monitoring of risks, enabling organizations to respond promptly to emerging threats and minimize their impact.
The risk analytics market is poised for growth due to the evolving dynamics in key sectors such as energy in Canada and telecommunications in Mexico. These developments present significant opportunities for risk analytics providers to address sector-specific risks and improve decision-making processes. Canada’s energy sector is experiencing steady growth, with a projected 1% annual increase in electricity demand from 2014 to 2040, primarily driven by the industrial sector. This growth, coupled with a shift towards renewable energy sources such as wind, solar, biomass, and geothermal, creates new challenges and risks in energy production, distribution, and infrastructure.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Risk Analytics Market by Type
Chapter 6. North America Risk Analytics Market by Deployment
Chapter 7. North America Risk Analytics Market by Risk Types
Chapter 8. North America Risk Analytics Market by Vertical
Chapter 9. North America 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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