2025, growing at a CAGR of over 15% during the forecast period.
Trends: The risk analytics market is witnessing several trends, including the increasing use of artificial intelligence and machine learning techniques to enhance risk management processes, the integration of risk analytics with other business functions, and the rising demand for cloud-based risk analytics solutions.
Recent Industry News: In recent years, there have been several notable developments in the risk analytics market, including partnerships and collaborations between key players, new product launches, and acquisitions. For instance, IBM and SAS announced a partnership to integrate SAS analytics into IBM’s Cloud Pak for Data platform, while Oracle acquired the risk management software company, Palerra, to enhance its cloud security offerings.