Risk Analytics Market Report 2025

This Risk Analytics report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The risk analytics market size has grown rapidly in recent years. It will grow from $37.12 billion in 2024 to $41.67 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to business continuity planning, operational efficiency and cost reduction, supply chain risks, financial market volatility, operational risk management.

The risk analytics market size is expected to see rapid growth in the next few years. It will grow to $73 billion in 2029 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to increasing demand for real-time analytics, integration with business intelligence, industry-specific risk management needs, focus on operational resilience, cybersecurity concerns. Major trends in the forecast period include integration of advanced technologies, increased focus on cybersecurity analytics, predictive analytics for risk prevention, focus on cloud-based solutions, supply chain risk management.

The growth of the risk analytics market is expected to be propelled by the increasing utilization of large volumes of structured and unstructured data. Structured data refers to information typically stored in relational databases and easily mapped into designated fields, while unstructured data lacks a predetermined data model or schema, accounting for 80 to 90% of data generated by businesses. The escalating use of this vast pool of structured and unstructured data for predictive analysis, risk assessment, and forecasting is driving demand for risk analytics. These analytics leverage substantial amounts of structured and unstructured data to predict risks with a high degree of accuracy. Seagate Technology PLC, an American data storage company, reports a projected global data increase of 61% to 175 zettabytes (ZB) by 2025 from 33 ZB in 2018, with 90 ZB generated on IoT devices. A substantial portion, nearly 30%, of this data is expected to be consumed in real-time by 2025, highlighting the significant need for storage, handling, and analysis. Hence, the growing usage of extensive structured and unstructured data is poised to drive the growth of the risk analytics market.

The increase in cyberattack incidents is anticipated to drive the growth of the risk analytics market. A cyberattack refers to a criminal act that utilizes one or more computers to target multiple computers or networks. Risk analytics tools enable the detection, assessment, and mitigation of cyber risks in real time, providing a proactive defense against data breaches, ransomware attacks, and other malicious activities. For example, in November 2023, the National Cyber Security Centre, a government agency in the UK, reported receiving 2,005 cyberattacks in 2023, marking a nearly 64% increase from the previous year's total of 1,226. Consequently, the rise in cyberattack incidents is fueling the growth of the risk analytics market.

Technological advancements represent a key trend gaining traction in the risk analytics market. The incorporation of artificial intelligence (AI) and machine learning (ML) technologies in risk analytics enables the analysis of massive data sets, minimizing errors, eliminating bias, and highlighting areas of focus for risk managers. AI is employed to enhance the understanding of risk portfolios and deliver optimal results. NICE Actimize, a US-based software company, introduced the X-Sight Entity Risk SaaS solution in March 2022, powered by AI, entity resolution, machine learning, and network analytics. This innovative solution produces a single risk score, providing financial institutions with a better understanding of their clients across the organization.

Companies in the risk analytics market are concentrating on launching innovative products, such as intelligent risk-based monitoring solutions, to bolster their market position. These solutions leverage advanced analytics and technology to improve decision-making, optimize resource allocation, and enhance overall risk management. Tata Consultancy Services (TCS), an Indian multinational corporation, launched an intelligent risk-based monitoring solution for clinical trials in April 2022, part of its TCS ADD Suite. The solution is expected to improve site monitoring efficiency by up to 30%, enhancing compliance, automating tasks, reducing site workload, and accelerating product time-to-market.

In January 2022, Zafin, a Canada-based company providing banking software solutions, acquired FINCAD for an undisclosed amount. This strategic acquisition expands Zafin's portfolio and analytics capabilities while increasing its global footprint. FINCAD, a Canadian company specializing in risk analytics and risk management software for multi-asset derivatives and fixed income, contributes to Zafin's growth strategy.

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.

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. The countries covered in the risk analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Risk analytics encompasses a set of methodologies that accurately evaluate, quantify, and predict risk, aiming to manage issues related to risk by utilizing various methods and technologies to extract insights, compute likely scenarios, and anticipate future events. This approach eliminates guesswork in risk management, consolidating risk scenarios onto a single platform and offering executives the clarity needed to identify, assess, comprehend, and manage risks.

The primary types of risks in the risk analytics market include financial risks, operational risks, compliance risks, strategic risks, and other applications of risk. Financial risk analytics is specifically employed for analyzing and managing financial risks. It aids financial institutions in analyzing and managing counterparty credit risk, market risk, regulatory risk capital, and derivative valuation adjustments through various products and solutions. The components involved in risk analytics include solutions and services, catering to both large enterprises and small and medium-sized enterprises (SMEs). Risk analytics can be deployed through on-premises and cloud solutions and find application in industries such as BFSI, manufacturing, transportation, retail, IT & telecommunications, healthcare, and government.

The risk analytics market research report is one of a series of new reports that provides risk analytics market statistics, including risk analytics industry global market size, regional shares, competitors with an risk analytics market share, detailed risk analytics market segments, market trends and opportunities, and any further data you may need to thrive in the risk analytics industry. This risk analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The risk analytics market includes revenues earned by entities by utilizing a variety of approaches and technology to extrapolate insights, compute likely scenarios, and forecast future events, helps take the guesswork out of managing risk-related concerns. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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