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[Latest] Global Automation Testing Market Size/Share Worth USD 57 Billion by 2030 at a 16% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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Sandy, Utah, USA, Jan. 30, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Automation Testing Market Size, Trends and Insights By Testing Type (Functional testing, Non-Functional testing), By Endpoint Interface (Online, Desktop, Mobile, Embedded Software), By Organization Size (Large Enterprises, SMEs), By Service (Advisory & Consulting, Implementation, Support & Maintenance, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Automation Testing Market size & share was valued at approximately USD 17.5 Billion in 2021 and is expected to reach USD 22.4 billion in 2022 and is expected to reach a value of around USD 57 Billion by 2030, at a compound annual growth rate (CAGR) of about 16% during the forecast period 2022 to 2030.”

Our research report offers a 360-degree view of the Automation Testing market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Automation Testing market.

Automation Testing Market: Overview

Software and other technology products are tested using automation to ensure they meet strict requirements. Essentially, it is a test to ensure the hardware or software works as expected. It looks for errors, faults, and other issues that could arise throughout the product creation. Businesses can improve their testing processes and increase their Return on Investment by using automated testing. Testing that is automated can speed up development, eliminate human mistakes, and handle repetitive and boring tasks.

For instance, the open-source automation platform Appium. This multi-platform tool can be used to test native, hybrid, web, and mobile applications as well as run scripts. Before they are published, developers can test their programs and applications on real and virtual devices using a variety of online and mobile testing platforms. Among the businesses on the list are Cypress, Selenium, Jenkins, and BrowserStack Sauce Labs. These companies give customers the option to conduct cloud testing using several OS, browser, and simulator combinations. In 2022, 73% of testers will use automated testing for functional and regression testing, according to the study.

Click Here to Access a Free Sample Report of the Global Automation Testing Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=21599

Growth Factors

Due to the rapid development of contemporary technologies such as the Internet of Things, Artificial Intelligence, and machine learning, the automated testing industry has a wonderful opportunity to assess various cutting-edge technical applications. In recent years, rule-based software has been used to manage the majority of commercial processes. Software testing is in high demand as digital transformation quickens. According to a study, global spending on digital transformation will exceed USD 1.3 trillion in 2020, up 10.4% annually.

In order to innovate, automate procedures, save money, and gain a competitive advantage, many organizations are integrating IT into their business systems. Some technologies powering digital transformation include big data, cloud computing, business analytics, and artificial intelligence. IT solution implementation requires a large financial investment, and any system bugs or outages can cost businesses dearly in terms of revenue and reputation.

The software operations must therefore be flawless and efficient. Software upgrades fall under the same category. Therefore, automation testing is necessary to ensure that the software operates as intended. Additionally, due to Industry 4.0 technology, automation testing has gained significance. Automated testing depends on continuous delivery, shortening release cycles, expanding test coverage, and ensuring high-quality releases.

Request Customized Copy of Automation Testing Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=21599

(A free sample of the Automation Testing report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Automation Testing report has been modified to include the COVID-19 impact study prior to delivery.)


Segmental Overview

The Automation Testing market is segmented into testing type, endpoint interface, organization size, service, and end-use. Based on testing type, due to the increasing use of this in security testing, compatibility testing, performance testing, compliance testing, as well as software usability testing, the non-functional testing segment is anticipated to account for the biggest revenue share over the projection period. It also looks into the system’s security and disaster recovery protocols and its performance under demand.

A deep understanding of the technologies and behaviour of the product is provided by non-functional testing. It helps to reduce the manufacturing risk and associated expenses for the program. It examines if the system is operating in accordance with the requirements. Functional testing does not address any of these topics, so it does. This type of testing primarily aims to ensure that the application’s non-functional components are tested and that the program functions correctly in this environment.

Based on organization size, due to the growing need for automation testing tools among major organizations to ensure the effective running of their company operations, the large enterprises’ sector is anticipated to account for the largest revenue share over the projected period. These automation services are also advantageous because they lower operating expenses and increase customer satisfaction.

Software developers seek to outperform the competition by utilizing cutting-edge tactics to provide high-quality software solutions to the market more quickly as larger organizations adopt the digital-first strategy. They are under pressure to adopt productive workflows like Agile and DevOps and automate as many processes as possible.

Key questions answered in this report:

  • What is the size of the Automation Testing market and what is its expected growth rate?
  • What are the primary driving factors that push the Automation Testing market forward?
  • What are the Automation Testing Industry’s top companies?
  • What are the different categories that the Automation Testing Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Automation Testing market sample report and company profiles?

Request Customized Copy of Automation Testing Market Report @ https://www.custommarketinsights.com/report/automation-testing-market/

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Regional Overview

The automated testing industry is expected to be dominated by North America. The widespread presence of technology suppliers primarily drives the region’s market. Eggplant, a software test automation platform provider that automates test design and execution using artificial intelligence (AI) and analytics, was purchased by Keysight Technologies Inc. in June 2020. To establish a disruptive force in the market for automated software testing that spans the physical and protocol layers and into the application layers, Keysight and Eggplant join two complementary businesses. It is envisaged that the acquisition will allow both companies to leverage measuring technology in both directions, increasing solution differentiation in the enlarged offering.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/automation-testing-market/

Report Scope

Feature of the Report Details
Market Size in 2021 USD 17.5 Billion
Projected Market Size in 2030 USD 57 Billion
Market Size in 2022 USD 22.4 Billion
CAGR Growth Rate 16% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Microsoft Corporation, TestMatick, Parasoft, QA Mentor, Testrig Technologies, Tricentis, Cigniti Technologies, Froglogic GmbH, QualityLogic, Micro Focus, IBM Corporation, Belitsoft, ScienceSoft USA Corporation, SmartBear Software, Ranorex GmbH, Devstringx Technologies., and Others
Key Segment By Testing Type, Endpoint Interface, Organization Size, Service, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Competitive Landscape

Many major international and local firms are in the fairly competitive market for automated testing. These industry players, who hold a sizeable portion of the market, are concentrating on growing their global clientele. To get a competitive edge over the projection period, these vendors concentrate on the research and development investment in developing new solutions, strategic alliances, and other organic & inorganic growth initiatives.

  • 2021: Tricentis introduced Tricentis Tosca, a cutting-edge AI-based test design and automation tool that enables businesses to meet the demands of the rising popularity of cloud-native and corporate application platforms. Vision AI powers Tricentis Tosca.
  • 2021: Backtrace, a company well-known for providing error monitoring tools, was purchased by Sauce Labs.

Request Customized Copy of Automation Testing Market Report @ https://www.custommarketinsights.com/report/automation-testing-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

Email Directly Here with Detail Information: [email protected]

Browse the full “Automation Testing Market Size, Trends and Insights By Testing Type (Functional testing, Non-Functional testing), By Endpoint Interface (Online, Desktop, Mobile, Embedded Software), By Organization Size (Large Enterprises, SMEs), By Service (Advisory & Consulting, Implementation, Support & Maintenance, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/automation-testing-market/


The global Automation Testing market is segmented as follows:

By Testing Type

  • Functional testing
  • Non-Functional testing

By Endpoint Interface

  • Online
  • Desktop
  • Mobile
  • Embedded Software

By Organization Size

  • Large Enterprises
  • SMEs

By Service

  • Advisory & Consulting
  • Implementation
  • Support & Maintenance
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Click Here to Access a Free Sample Report of the Global Automation Testing Market @  https://www.custommarketinsights.com/report/automation-testing-market/

Key Insights from Primary Research/Key Insights & Findings from the report:

  • As per the analysis shared by our primary respondents, the Automation Testing market is expected to grow annually at a CAGR of around 10.5 %.
  • Through primary research, it was established that the Automation Testing market was valued at around USD 1.5 Billion in 2021.
  • Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
  • The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
  • The “North America” region will lead the global Automation Testing market during the forecast period 2022 to 2030.

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • Subscription-based option offered
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

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This Automation Testing Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Automation Testing? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Automation Testing Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Automation Testing Market? What Was the Automation Testing Market’s Capacity, Production Value, Cost and PROFIT?
  • What Is the Current Market Status of the Automation Testing Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of the Automation Testing Market by Taking Applications and Types in Consideration?
  • What Are Projections of the Global Automation Testing Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Automation Testing Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Automation Testing Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Automation Testing Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Automation Testing Industry?

Click Here to Get a Free Sample Report of the Global Automation Testing Market @ https://www.custommarketinsights.com/report/automation-testing-market/

Reasons to Purchase Automation Testing Market Report

  • Automation Testing Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • The Automation Testing Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Automation Testing Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Automation Testing Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/automation-testing-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Automation Testing market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Automation Testing market analysis.
  • The competitive environment of current and potential participants in the Automation Testing market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Click Here to Access a Free Sample Report of the Global Automation Testing Market @  https://www.custommarketinsights.com/report/automation-testing-market/

Who should buy this report?

  •  Participants and stakeholders worldwide Automation Testing market should find this report useful. The research will be useful to all market participants in the Automation Testing industry.
  •  Managers in the Automation Testing sector are interested in publishing up-to-date and projected data about the worldwide Automation Testing market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Automation Testing products’ market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/automation-testing-market/

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Artificial Intelligence

Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions

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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
 
 

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Artificial Intelligence

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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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
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Artificial Intelligence

Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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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
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