Risk Analytics Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Risk Analytics Market in 2025 is estimated at USD 59.98 billion. The global Market size was valued at more than USD 54.29 billion in 2024 and is expected to register a CAGR of over 13.1%, exceeding USD 268.99 billion revenue by 2037. North America is forecast to record USD 94.15 billion by 2037, driven by growing cases of cyber-attacks, including a major attack on Microsoft Exchange.
The reason behind the growth is impelled by the rising generation of data. Large volumes of organized and unstructured data are being used more often which has necessitated the use of risk analytics to gain valuable insights, analyze, generate actionable findings, and develop appropriate tactics. According to estimates, every day, the world generates over 2 quintillion bytes of data.
The growing prevalence of black swan events are believed to fuel the market growth. Black swan events are unpredictable owing to their rarity and can result in huge setbacks and consequences therefore, risk managers recognize the need for more rigorous methods such as risk analytics to assist in contingency planning.
Risk Analytics Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Incidences of the Data Thefts– In high-risk sectors, risk analytics utilize data to look for control flaws and irregularities that could be indicators of fraud, lowering the chance of data theft. The biggest amount of exposed data records in the world was found in the fourth quarter of 2020, about 125 million data pieces. Moreover, approximately 15 million data records were exposed globally owing to data breaches in the third quarter of 2022. When compared to the previous quarter, this amount had climbed by around 37%.
- Increasing Adoption of Machine Learning- Machine learning approaches are used for analyzing massive volumes of data that can increase the analytical capacities of financial institutions and insurance companies in risk management and compliance. For instance, in 2021, around 76% of organizations chose AI and machine learning (ML) over other IT investments in the world.
Challenges
- Inaccuracy of Data Extracted from Data Silos-Data quality frequently drops as a result of inconsistencies in data that may overlap across silos. Data silos create hurdles to information sharing and collaboration between departments. Moreover, Siloed data is often stored in a separate system and is frequently incompatible with other data sets. Therefore, when data is segregated from the silos, it is difficult for a company to gain an overall understanding of company data.
- Difficult to Comply with the Varying Regulation Policies
- Measurement of Risks on the Basis of Probabilities
Risk Analytics Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
13.1% |
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Base Year Market Size (2024) |
USD 54.29 billion |
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Forecast Year Market Size (2037) |
USD 268.99 billion |
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Regional Scope |
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Risk Analytics Segmentation
End-user (BFSI, Manufacturing, Retail & Consumer Goods, IT & Telecom, Transport & Logistics, Health & Life Sciences, Government & Defense, Energy & Utilities)
The BFSI segment is estimated to hold 25% share of the global risk analytics market during the forecast year owing to the rising amount of compromised data. Global banking networks are extremely complicated, with several moving elements. They connect multiple banks, including regional banks, state banks, and global banks. Networks with cloud and local servers, dedicated terminals at bank and retail locations, consumer and mobile devices, software, ATMs, and other components comprise these interconnected systems. These dispersed networks are more vulnerable to data breaches, compromised cyber security, and other threats.
Moreover, risk analytics enables banks to establish policies in a variety of areas and assists banks in comprehending the possible influence of market and external forces. From January 2018 to June 2022, financial breaches accounted for around 153 million exposed records. Moreover, 2021 was the most severe year for financial data violations, with a 12% rise over 2020, jumping from 233 to 260 breaches in the United States.
Risk Type (Operational, Financial, Third Party, Strategic)
Risk analytics market from the operational risk segment is set to garner a notable share shortly. Rising problems occur owing to human errors. People's operational risk can be produced by a variety of circumstances, including human error, bad decision-making, or hostile intent. The human mistake was responsible for more than half of all data breaches reported to Australia's Information Commissioner under the new legislation. There are various other reasons the company can face operational risks, such as cyber-attacks, human errors, outsourcing, talent retention, automation implementation, data analytics, and others.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Risk Type |
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Deployment |
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End-User |
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Customize this ReportRisk Analytics Industry - Regional Synopsis
North American Market Forecast
Risk analytics market in North America is predicted to account for the largest share of 35% by 2037 impelled by the growing cases of cyber-attacks. For instance, in 2021, over 30,000 US businesses were hit by a widespread attack on Microsoft Exchange email servers, one of the worlds largest email servers and it was one of the largest cyberattacks in US history. The hackers used four separate zero-day vulnerabilities to obtain unauthorized access to emails from small enterprises to municipal governments. This may increase the demand for risk analytics in the region as this method helps in identifying, analyzing, evaluating, and concentrating on the resources that are likely to create loss.
APAC Market Statistics
The APAC risk analytics market is estimated to be the second largest, during the forecast timeframe led by growing risk of patient death owing to medication errors. Pharmaceutical errors are responsible for around 7,000 deaths per year. Drug errors and drug-related difficulties in India are primarily caused by inappropriate medication use. Moreover, the rate of adverse medication events was as high as 82 per 1,000 prescriptions in the country, while national statistics show that up to 5 million medical errors occur each year. Therefore, there is an urgent need to improve risk minimization and medication error prevention in the region which may create a huge demand for risk analytics.
Companies Dominating the Risk Analytics Landscape
- Accenture PLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Capgemini Services SAS
- Fidelity National Information Services GmbH
- IBM Corporation
- Moody's Analytics Inc.
- Oracle Corporation
- OneSpan Inc.
- CoreLogic, Inc.
- Provenir, Inc.
- Risk Edge Solutions
In the News
- CoreLogic announced the launch of Climate Risk Analytics for assisting government agencies and corporations in measuring, modeling, and reducing the physical hazards of climate change to the real estate market, originally until 2050. The platform is based on Google’s cloud and long-term infrastructure.
- Moody’s Analytics announced the introduction of risk analytics platform in China, Risk Compass, it is used to analyses the market and find out the opportunities for managing the risk.
Author Credits: Abhishek Verma
- Report ID: 4844
- Published Date: May 09, 2025
- Report Format: PDF, PPT
