Risk Analytics Market by Component, Risk Type, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027
The global Risk Analytics Market size to grow from USD 39.3 billion in 2022 to USD 70.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. Various factors such as rising government compliance with stringent industry regulation, growing incidences of data thefts and security breaches and increasing complexities across business processes, are expected to drive the adoption of risk analytics solutions and services.
The recent COVID-19 pandemic is projected to have a minimal impact on the growth of the risk analytics market. The adoption of risk analytics solutions has increased among the customer-facing verticals such as retail and eCommerce, BFSI, media and entertainment, and healthcare and life sciences verticals.During the COVID-19 pandemic risk analytics gained significant importance for taking decisions regarding restrictions to reduce transmission. Risk analysis tools such as data-visualization tools gained high demand to effectively assess situation and limit risk of transmission..
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