The Asia Pacific Risk Analytics Market would witness market growth of 13.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Risk Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,597.7 million by 2031. The Japan market is registering a CAGR of 12.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 14.2% during (2024 - 2031).
Innovations in big data, artificial intelligence (AI), and machine learning (ML) have made risk analytics more accessible and effective. These technologies enable real-time data analysis, predictive modelling, and automated risk assessment. The rising frequency and complexity of cyber-attacks compel organizations to adopt advanced risk analytics solutions to safeguard sensitive data and infrastructure.
Moreover, the unpredictable nature of markets necessitates robust risk analytics to manage financial risks and ensure stability. Companies leverage risk analytics to gain a competitive edge by proactively identifying and mitigating risks and improving decision-making and operational efficiency.
The risk analytics market is experiencing significant growth driven by advancements in the BFSI sector in India and the booming IT industry in China. These developments are creating new opportunities for risk management solutions across industries. India’s BFSI sector has shown remarkable growth, with a notable increase in the number of bank accounts, from 53% to 78% between FY16 and FY21. The country’s banking infrastructure, which includes over 1.6 lakh bank branches, is expanding rapidly, contributing to the growth of financial inclusion. Additionally, India’s fintech sector is poised for substantial growth, with projections indicating a rise from $50 billion in 2021 to $150 billion by 2025 and a potential $2.1 trillion opportunity by 2030.
Free Valuable Insights: The Global Risk Analytics Market is Predict to reach USD 96.82 Billion by 2031, at a CAGR of 12.5%
Based on Type, the market is segmented into Software and Services (Professional and Managed). Based on Deployment, the market is segmented into On-premise and Cloud. Based on Risk Types, the market is segmented into Operational Risk, Financial Risk, Strategic Risk, and Other Risk Types. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Manufacturing, Retail & E-commerce, Energy & Utilities, Government, Healthcare, and Other Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type
By Deployment
By Risk Types
By Vertical
By Country
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