1. Market Research
  2. > Advanced IT Market Trends
Technologies for Assessing Risk Management: Global Markets

Technologies for Assessing Risk Management: Global Markets

  • January 2017
  • 153 pages
  • ID: 4617946
  • Format: PDF
  • BCC Research

Summary

Table of Contents

Use this report to:
- Analyze risk management technology segments including discipline, technology coverage, industries, regions, product and deployment mode.
- Analyze current markets, trends, and participants.
- Estimate market size and the future growth of the global markets for risk management technologies and other segments from 2016 through 2021.
- Identify opportunities for all stakeholders in the enterprise risk management technology space.
- Study various types of risk management technologies, drivers and inhibitors for each segment.

Highlights
- The global risk management market should reach $17.1 billion by 2021 from $11.0 billion in 2016 at a compound annual growth rate (CAGR) of 9.2%, from 2016 to 2021.
- The stand-alone solutions market should reach $5.0 billion by 2021 from $4.5 billion in 2016 at a CAGR of 2.5%, from 2016 to 2021.
- The integrated risk management market should reach $5.7 billion by 2021 from $2.9 billion in 2016 at a CAGR of 14.8%, from 2016 to 2021.

STUDY GOALS AND OBJECTIVES
This report intends to:
- Provide an industry overview of the risk management technology market by type of technology, including integrated risk management, advanced analytics and reporting, and stand-alone solutions.
- Estimate market size and the future growth of the global markets for risk management technologies and other segments. This includes making a comprehensive market forecast (2016 through 2021) of risk management technologies and its key subsegments.
- Identify opportunities for all stakeholders in the enterprise risk management technology space.
- Profile major risk management technology suppliers, vendors and customers.

REASONS FOR DOING THE STUDY
Technology is continually evolving, and the trend in risk management is toward greater efficiency and monitoring risk at the enterprise level. As a result, stakeholders need insight into the main markets available for risk management technologies. BCC Research provides a detailed market forecast for several market segments, including technologies, discipline, deployment, etc.

With the introduction of risk management into the corporate world, companies can now devise strategies and make high impact, complex decisions that involve multiple objectives and uncertainty. Factors such as economic slowdown, regulatory changes, rising competition, disruptive technologies, unavailability of capital, fraud, cyber threats, natural calamities, drop in oil prices and market volatility have driven organizations toward implementation of enterprise risk management (ERM) programs. Enterprise risk management enables organizations to have a robust and comprehensive enterprise-wide view of potential events that are likely to negatively impact their ability to achieve their business objectives.

Because risk grows in proportion to organizational growth, there is high demand for relevant and timely information. Risk managers today need to deliver low cost, high value risk management services and the use of technology is important to enhancing their effectiveness and productivity. While people are needed for their expertise and project management, ERM technology is required for consistency, communication and collaboration. Enterprise risk management calls for consistency that can only be delivered through the right technological solutions. Moreover, organizations are seeking advanced risk management technology-based solutions in order to address their need for a real-time and reliable risk management program to predict future risks. This report looks at some of the key technology areas that have a significant influence on enterprise risk management. These areas of technology include integrated risk management systems, advanced analytics, including artificial intelligence and big data. These solutions reduce costs and implementation times, which in turn drive a technology-based approach toward enterprise risk management.

SCOPE OF REPORT
This report focuses on the global markets for risk management technologies. Enterprise risk has varied definitions and interpretations among organizations depending on their size, industry and risk maturity. The market for ERM technologies has transformed from a tactical focus to meet regulatory compliances to a more strategic approach on enterprise-wide risk management. Consequently, modern ERM applications focus on addressing the dynamic and unique needs of organizations by offering a comprehensive suite of applications, including risk assessment, modeling, reporting and mitigation. This represents a radical change in the dynamics as the majority of ERM platform providers use to offer different components of risk management as individual products.

The term “technologies” in this report covers applications and services that automate the management, measurement, remediation and reporting of risks against specific objectives.

Important notes regarding assumptions, market estimates and coverage of risk tools/applications are listed below:
- Market size includes the revenue earned/customer spend on risk management solutions, which are categorized below. Revenue values are in U.S. dollars, unadjusted for inflation.
o Enterprise software solutions: Combining risk management content and data with risk management software to provide an integrated “one-stop-shop” for risk technology buyers. A combination of functionally rich risk applications with comprehensive data management, risk analytics, business intelligence and reporting technologies.
o Stand-alone tools: Function and domain specific tools such as banking (stress testing, credit portfolio analysis, capital estimation, credit collection and recovery), insurance (solvency regulation), healthcare (Medicaid audits), oil and gas (environment, health and safety or EHS), manufacturing (quality management).
o Analytics and database management solutions linked with risk management tool for modeling and predictions.
o GUI-based dashboard, reporting and presentation tools.
- Market estimates also include user spending for support services, integration and consultation as they are used in conjunction with the software/tools.
- Market estimates do not include hardware.
- This market is based on the summation of ERM revenues earned by the ERM technology providers, and it excludes applications developed in-house and solely for exclusive use.

INTENDED AUDIENCE
The study offers an in-depth analysis of risk management technology segments including discipline, technology coverage, industries, regions, product and deployment mode; current markets and trends, and participants. Forecasts are provided for each major market segment through 2021. In-depth analyses have been provided for the global risk management technology industry providing detailed information on key deals and market participants.

Through this report, BCC Research hopes to provide a better understanding of the global risk management technology industry. This study provides the most up-to-date information on risk management technologies. The report further describes various types of risk management technologies, drivers and inhibitors for each segment. This study is directed toward the various strata of companies and institutions interested in the markets and new developments in this growing field.

They are:
- Enterprises that face ongoing financial or operational risks.
- Companies that are not utilizing a risk management solution.
- Companies that still rely on old legacy systems and need to upgrade or buy new risk management technology solutions to manage risks.
- Companies involved in offering risk management technology solutions.
- Suppliers of risk management technology software and services.
- Companies offering consulting services in the risk management technology space.
- Suppliers offering on-premise services and cloud solutions.

INFORMATION SOURCES
The material presented in this report is based on information gathered from personal contacts with participants within the risk management technology industry as well as an analysis of the technologies, issues and concerns derived from technical papers and industry conferences. Our final analysis and projections combine the consensus of primary contacts and our assumptions regarding the impact of both historical and emerging trends.

Additional data were obtained from analysis of secondary sources. These include trade publications, trade associations, company literature and online databases. This research was done to supplement our understanding of applications, markets, and trends in the risk management technology industry. All dollar estimates in this report are based on 2015 constant dollars.

ANALYST’S CREDENTIALS
Yash Singh has more than 10 years of experience doing market research and consulting in information technology. Mr. Singh has a bachelor’s degree in Computer Science and an MBA in Information Technology and Marketing.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

System of Insight Market Research Report by Component, Application, Deployment, Verticals, State - United States Forecast to 2027 - Cumulative Impact of COVID-19

  • $ 2949
  • July 2022
  • 128 pages

System of Insight Market Research Report by Component (Services and Solution), Application, Deployment, Verticals, State (California, New York, and Illinois) - United States Forecast to 2027 - Cumulative ...

  • United States
  • Marketing Research
  • Research And Development
  • Industry analysis

ref:plp2017

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on