London, May 03, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled, “Risk Analytics Market by Component (Software, Services), Risk Type (Strategic, Operational, Financial), Deployment Mode, Organization Size, and End User (BFSI, IT & Telecom, Retail, Transportation, Government, Healthcare) -Global Forecast to 2028”, published by Meticulous Research®, the risk analytics market is expected to grow at a CAGR of 13.4% from 2021 to 2028 to reach $68.8 billion by 2028.
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Risk Analysis is a way of identifying and assessing factors that could negatively affect the success of a business or project. It examines the risks that the organization faces and helps decide whether to move forward with a decision. Risk analytics tools help organizations to be aware of the forthcoming risks and take decisions accordingly.
Over the years, risk analytics has gained much importance and is becoming a common part of organizations dealing with huge amounts of data and complex networking systems. Risk analytics is packed with several benefits, such as high performance, scalability, reliability, reduced cost of risk, agility, and real-time applications. Several industries and organizations, including retail & e-commerce, government, and professional service providers, deploy this technology on a considerable scale.
Rising digitization & business process…