Artificial Intelligence
Global Procurement as a Service Market By Component, By Enterprise Size, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027
New York, Aug. 31, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Procurement as a Service Market By Component, By Enterprise Size, By Application, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06131321/?utm_source=GNW
Additionally, it offers analytics and insights on money consumed by them which further helps in saving money on various tasks. It also helps them to assign category professionals who can do management, sourcing, and purchasing tasks effectively. In addition to this, by employing the ideal experts who efficiently utilize their knowledge with the help of appropriate tools, procurement as a service is proved to be extremely effective in improving the overall procurement lifecycle.
In the last some years, “as a service” market has been witnessing massive popularity because of various aspects like time to scale, go-to-market strategy, investment power, direct & easy access to sources, and among others. The existing outsourcing models are majorly built on long-term multi procurement techniques and fixed-cost actions which are already getting obsolete. However, procurement as a service model is capable enough to identify major requirements of indirect and direct spending. In addition to it, various procurement service vendors enable organizations to perceive the procurement using their reporting portal which further improves transparency.
Moreover, service vendors can also streamline access to procurement models and analytics to the organizations which helps them to monitor inventory run their reports, and even upload payments. Therefore, all these features are enabling organizations to obtain superior control of their operations and develop efficiency.
COVID-19 Impact
As companies around the world are constantly struggling with the outbreak of the COVID-19 pandemic, the demand for services to reduce supply risks, maximizing working capital and cash slow while keeping the high profitability will witness high popularity. This chaotic situation is likely to support the growth of the market during the forecast period. Though, the pandemic has an impact on the demand during the second quarter of 2020, with companies closing down manufacturing operations in the midst of lockdown norms and companies reducing the costs, they witnessed a modest recovery in 2021. The market will witness the similar level of growth as prior to COVID-19 by the end of 2022, with the resumption of business operations activities.
Component Outlook
Based on Component, the market is segmented into Strategic Sourcing, Process Management, Category Management, Transaction Management, Spend Management, Contract Management, and Others. Strategic sourcing procured a major revenue share in 2020, followed by transaction management. With the help of strategic sourcing, companies become empowered to efficiently deploy their sourcing strategies and save valuable financial resources. In the procurement domain, Challenges like global political unrest, COVID-19 pandemic, or natural catastrophic events can cause an extensive impact on the companies. Thus, the sourcing element becomes a crucial element for every type of business.
Enterprise Size Outlook
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Large enterprises having a roadmap for handling complicated procurement contracts and bag deals will continue to put heavy investments in these solutions, thereby garnering a massive revenue share of the global market. These solutions are highly popular among large enterprises as they help in reducing operational costs while minimizing business complications. The segment would showcase a promising growth rate during the forecast period. Though, in large enterprises, integration problems because of the legacy systems will become a major limitation.
Application Outlook
Based on Application, the market is segmented into Manufacturing, Retail, BFSI, Healthcare, IT & Telecom and Others. The retail segment acquired a substantial revenue share of the global market in 2020. The retail industry is customer-centric, equipped with changing industry trends emerging from evolving customer needs and spending habits. In the retail environment, these solutions assist in the synchronization of various activities while increasing returns on investment. Moreover, with the incorporation of the latest technologies like Machine Learning (ML) and Artificial Intelligence (AI), the procurement service offerings will deliver various other additional service features also such as analytics to the end-user, thereby bringing lucrative growth opportunities for the market players.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC procurement as a service market is observing a prominent growth in the current scenario. The region has become a worldwide manufacturing hub with the existence of various manufacturing sectors. The major countries in the APAC procurement as-a-service market are India, China, Japan, South Korea, and the Rest of APAC. Besides, the quick digital transformation in the region has augmented the need for procurement outsourcing services.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; IBM Corporation, Accenture PLC, Infosys Limited, Tata Consultancy Services Ltd. are the major forerunners in the Procurement as a Service Market. Companies such as WNS (Holdings) Ltd., Genpact Limited, and HCL Technologies Limited are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Accenture PLC, Broadcom, Inc., HCL Technologies Ltd. (HCL Enterprises), Genpact Limited, Infosys Limited, Wipro Limited, Tata Consultancy Services Ltd., NB Ventures, Inc. (Global eProcure), and WNS (Holdings) Ltd.
Recent strategies deployed in Procurement as a Service Market
Partnerships, Collaborations, and Agreements:
May-2021: GEP collaborated with Comdata, a leading innovative global service provider in customer management BPO. Under this collaboration, Comdata selected GEP SMART, the industry’s premier procurement software platform. Comdata would implement GEP software as an integral part of the program to advance and unite the procurement operations over the company to improve efficiency and provide more value to their customers.
Apr-2021: IBM formed a partnership with Celonis and Red Hat. This partnership aimed to help in boosting the adoption of the Celonis Execution Management System (EMS) and delivering more flexibility and options in how clients deploy the technology. The partnership between Celonis and IBM GBS would initially aim at Advanced end-to-end consulting expertise, Business process outsourcing, Embed in IBM Garage, Industry-specific intelligent workflows.
Apr-2021: GEP joined hands with ENMAX Corporation, a primary provider of electrical services, products and solutions. Under this collaboration, ENMAX selected GEP SMART, the industry’s principal procurement software platform. GEP SMART’s Sourcing software would deliver ENMAX’s supply chain company with improved efficiencies and a simplified public bid process.
Apr-2021: Tata Consultancy Services entered into an agreement with Wavin, a Netherlands-based global innovative solutions provider for the building and infrastructure industry. Under this agreement, Wavin deployed the TCS ERP on the Cloud platform to expand its business in new growth markets in Indonesia & India. Wavin selected the TCS ERP on Cloud platform, which offers hosted ERP applications & services that can be introduced swiftly across key enterprise processes like procurement, manufacturing, sales & distribution, supply chain management, finance and accounting.
Mar-2021: HCL Technologies extended its partnership with Google Cloud. This expansion aims to integrate HCL Software’s Digital Experience (DX) and Unica Marketing cloud-native platforms to Google Cloud. The Google Cloud portfolio offers clients a cost-efficient and highly scalable, safe and flexible cloud deployment option with a global reach, which can complement the deployment of HCL’s DX, Unica and Commerce cloud-native platforms.
Mar-2021: WNS Limited formed a partnership with McCain Foods, a global leader in planet-friendly food. In this partnership, WNS, by using its intelligent, automated F&A portfolio powered by AI and ML, is assisting CFOs in the development of superior Finance companies by boosting speed, improving accuracy, harnessing the power of data, and decreasing cost.
Feb-2021: HCL came into a five-year digital workplace services agreement with Airbus, a European multinational aerospace corporation. Under this agreement, HCL Technologies’ Fluid Workplace Model would help Airbus to implement the new digital technologies and would swiftly streamline Airbus’ prevailing IT processes and optimization of delivery costs, utilizing the distinct end-to-end management services to inculcate the information & operational technology landscape.
Dec-2020: Accenture Federal Services (AFS), a subsidiary of Accenture teamed up with Appian, a cloud computing and enterprise software company. In this collaboration, AFS is making the new delivery accelerators to improve Appian’s Acquisition Solutions, which streamline the acquisition procedure & validate that the procedure fully obeys the Federal Acquisition Regulations for defense & civilian agencies with their supplements & policies.
Dec-2020: IBM entered into an agreement with ABB, a global technology company. The agreement aims to support ABB’s procurement digitization journey with the release of SmartBuy, the latest designed end-to-end employee purchasing program, which focuses on matching the ease of online shopping along with the intuitiveness & speed of a search engine. This solution is developed to work with automating the procedure of procuring, finding and managing ABB’s supplier network, with services like self-registration & contract procedures.
Dec-2020: Infosys came into partnership with Rolls-Royce, one of the world’s leading aerospace and defence technology companies. Under this partnership, Rolls-Royce focused on the transition of a noticeable part of its engineering centre offerings for Civil Aerospace in Bengaluru to Infosys.
Dec-2020: Wipro Limited came into partnership with LogiNext, a fast-growing technology company. In this partnership, Wipro would combine its process transformation capabilities with LogiNext’s SaaS platform to provide an end-to-end solution for supply chain clients. The platform focuses on helping customers to maximize and automate the logistics operations for the last-mile deliveries or transport of smaller freights.
Dec-2020: WNS Limited announced the expansion of its partnership with Scandinavian Airlines System (SAS). Through this expansion, WNS would continue to offer SAS a complete range of services that include Passenger Revenue Accounting (PRA) & Cargo Revenue Accounting (CRA), and would incrementally add analytical support and the latest solutions over risk, audit and compliance.
Oct-2020: Accenture Federal Services (AFS), a subsidiary of Accenture and Criterion Systems came into an agreement with the U.S. Department of Agriculture (USDA) Information Technology Support Services (DAITSS). This agreement focuses on streamlining the enterprise information technology (IT) support services & centralize procurement functions.
Aug-2020: Genpact partnered with Deloitte, a multinational professional services network. This partnership aimed to provide comprehensive solutions to assist companies in scale & maximize critical business operations, improve speed to the outcome, offer business transformation to improve competitive growth and develop resilience in an uncertain future.
May-2020: Tata Consultancy Services partnered with JDA Software, an American software and consultancy company. This partnership aimed to develop next-generation cognitive solutions and provide consulting & system integration services across digital technologies for supply chain customers across the globe.
Apr-2020: WNS Limited came into partnership with the Chartered Institute of Procurement & Supply (CIPS). Together, the entities rolled out a Benchmark Study on procurement performance and team dynamics. The findings of the joint research would assist procurement companies to align tightly with business objectives and emerge as valuable partners in their corporate ecosystem.
Acquisition and Mergers:
Apr-2021: IBM signed an agreement to acquire myInvenio, a process mining software company. This acquisition would offer companies with data-driven software that can assist them to detect the most impactful business procedures to automate by using AI like sales, production, procurement, and accounting.
Mar-2021: Wipro Limited signed an agreement to acquire Capco, a business and technology management consultancy firm. Through this acquisition, Wipro will become one of the largest end-to-end global technology, consulting, and transformation service providers to the banking & financial services sector.
Jan-2021: HCL Technologies completed the acquisition of DWS Group, a leading Australian IT, business and management consulting group. This acquisition will strongly improve HCL’s contribution to Digital initiatives in Australia & New Zealand and also strengthen HCL’s customer portfolio across the major industries.
Jan-2021: Genpact took over Enquero, a firm that offers data engineering and data-led digital transformation services. Under this acquisition, Enquero expands Genpact’s robust foundation of current capabilities in providing an end-to-end transformation to enterprise customers.
Sep-2020: Infosys signed an agreement to acquire GuideVision, an award-winning enterprise service management consultancy. This acquisition aimed to build capabilities that are relevant to the digital priorities of Infosys’ customers.
May-2020: IBM came into an agreement to acquire Emptoris, a provider of cloud and on-premise analytics software. In this acquisition, Emptoris brings to IBM the Smarter Commerce, which is a set of latest, flexible and combined solutions that organize and manage the sourcing & procurement of goods & materials as an integral part of supply chain management.
Jul-2018: Genpact entered into an agreement to acquire Barkawi Management Consultants, a leading supply chain management consultancy. The acquisition of Barkawi Management Consultants’ consulting expertise and leading supply chain technology services would help Genpact to provide customers with end-to-end supply chain services augmented by digital, domain, and data science expertise.
Scope of the Study
Market Segments covered in the Report:
By Component
• Strategic Sourcing
• Process Management
• Category Management
• Transaction Management
• Spend Management
• Contract Management
• Others
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprise
By Application
• Manufacturing
• Retail
• BFSI
• Healthcare
• IT & Telecom
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• IBM Corporation
• Accenture PLC
• Broadcom, Inc.
• HCL Technologies Ltd. (HCL Enterprises)
• Genpact Limited
• Infosys Limited
• Wipro Limited
• Tata Consultancy Services Ltd.
• NB Ventures, Inc. (Global eProcure)
• WNS (Holdings) Ltd.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06131321/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
Artificial Intelligence
Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions
SINGAPORE, April 20, 2024 /PRNewswire/ — Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable.
Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more, to complement and strengthen Aurionpro’s industry leading portfolio.
The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD.
By integrating Arya.ai’s cutting-edge AI cloud platform, with Aurionpro’s comprehensive suite of offerings, the company will create an industry leading Enterprise AI platform focused on creating value for financial institutions globally.
Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai marries Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on Banks and Insurers. We are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”
“Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embeds AI, augmenting a task or Autonomous Agents that can take over entire transactions”.
Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance.
Photo – https://mma.prnewswire.com/media/2392705/Aurionpro_solutions.jpgLogo – https://mma.prnewswire.com/media/2392706/Aurionpro_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/aurionpro-solutions-acquires-aryaai-to-power-next-generation-enterprise-ai-platforms-for-financial-institutions-302122674.html
Artificial Intelligence
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform. QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR HUD screen, when having some down time.
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
HIGH RES IMAGE: https://we.tl/t-epx2syiuaRWATCH VIDEO: https://www.youtube.com/watch?v=2v_Pli2pAM8&t=164s
Photo – https://mma.prnewswire.com/media/2392090/2.jpgPhoto – https://mma.prnewswire.com/media/2392092/3.jpgPhoto – https://mma.prnewswire.com/media/2392093/4.jpgPhoto – https://mma.prnewswire.com/media/2392089/1_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/free-your-hands-qidi-vida-smart-ar-glasses-lead-the-way-in-new-sports-experience-302122189.html
Artificial Intelligence
Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.
The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™. Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=210662258
By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies. GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance. Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Text to Video AI Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/risk-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/risk-analytics.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/risk-analytics-market-worth-180-9-billion-by-2029—exclusive-report-by-marketsandmarkets-302121085.html
-
Artificial Intelligence6 days agoSilent Eight secures AIA as its latest client
-
Artificial Intelligence3 days agoHuawei Introduces AI Technologies to Accelerate Network Transformation Towards All Intelligence in the Net5.5G Era
-
Artificial Intelligence6 days agoGlobal Networking Innovator Huawei Leads the New Era of Campus Network Technology
-
Artificial Intelligence5 days agoBroadcom Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Delivering Reliable and Flexible Hybrid Cloud Management Solutions
-
Artificial Intelligence5 days agoGFT teams up with Google Cloud to launch ‘GenAI Intelligent Assistant’
-
Artificial Intelligence4 days agovLex Launches Vastly Expanded Vincent Legal GenAI Toolset, and AI-Focused Co-Development Lab
-
Artificial Intelligence5 days agoELEGOO Adds Two New Innovations To Its Saturn Series, Ushering In A New Era Of Precision 3D Printing
-
Artificial Intelligence4 days agoGEP NAMED ‘LEADER’ IN MULTIPLE GLOBAL PROCUREMENT SERVICES REPORTS BY TOP ANALYST FOR FOURTH YEAR IN A ROW
