Risk Analytics Market worth $12.97 Billion by 2019
The report “Risk Analytics Market by Solution (Risk Calculation Engines, Scoreboards and Visualization, GRC), Application (Fraud Detection and Prevention, Liquidity Risk Analysis, Real Time Situational Awareness) - Worldwide Market Forecast (2014 – 2019)” defines and segments the risk analytics market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges. Browse 66 market tables and 15 figures spread through 190 pages on "Risk Analytics Market by Solution (Risk Calculation Engines, Scoreboards and Visualization, GRC), Application (Fraud Detection and Prevention, Liquidity Risk Analysis, Real Time Situational Awareness) - Worldwide Market Forecast (2014 – 2019)" http://www.marketsandmarkets.com/Market-Reports/risk-analytics-market-210662258.html Early buyers will receive 10% customization on reports.
Risk analytics basically enables organizations to know where the risk is i.e. it enables organizations to precisely define, understand and manage their risk profile. Demand for risk analytics is likely to increase across business processes from strategic, operational, financial and risks dealing with larger external environment. A new innovation, such as real-time risk analytics, is higher version of traditional risk analytics. Real time risk analytics solution involves processing, analyzing and measuring risk on a real time basis. Fraud detection analytics help government organizations to detect fraud and optimize the investigators’ efficiency. The implementation of risk modeling techniques into analytics enables them to identify probable fraud, severity of the fraud, priority for the investigation based on impact rate of each fraud. Risk analytics examines current and past transactions, user behavior and historical fraud data to evaluate risk. MarketsandMarkets has broadly segmented the risk analytics market by solution: extract, transform and load, risk calculation engines, scorecard and visualization tools, dashboard analytics and risk reporting, governance risk and compliance and others; by service: consulting service, integration service and support and maintenance service; by application: fraud detection and prevention, liquidity risk analysis, credit risk management, real time situational awareness, product portfolio management and industry benchmarking and validation; by verticals: Banking, Insurance, Financial Services, Consumer goods and Retail, Healthcare, Government, Manufacturing, Transportation and logistics, Telecommunication and Information Technology (IT), Media and Entertainment, Energy and utilities and others; by regions: North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA). Marketsandmarkets believes that the regulatory compliances and lack of knowledge are the major issues in the risk analytics market. These challenges are restraining the enterprises and customers to