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High Intensity Focused Ultrasound (HIFU) Market to Surpass US$ 182.9 Million by 2030, Says Coherent Market Insights (CMI)

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Burlingame, March 09, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, Global High-Intensity Focused Ultrasound (HIFU) Market is estimated to be valued at US$ 112.7 million in 2023 and is expected to exhibit a CAGR of 7.16% during the forecast period (2023-2030).

Analysts’ Views on Global High Intensity Focused Ultrasound (HIFU) Market:

High- intensity focused ultrasound (HIFU) market’s growth can be driven by the rising cases of liver cancer and colorectal cancer worldwide, as HIFU therapy is used in the treatment of cancer. For instance, according to World Cancer Research Fund International there were 1,931,590 new cases for colorectal cancer and 905,677 new cases for liver cancer respectively in the year 2020, worldwide.         

Key Trends and Analysis of the Global High Intensity Focused Ultrasound (HIFU) Market:

Increasing growth strategies such as facility expansion by key players in the market is expected to drive the market growth over the forecast period. For instance, in August 2021, Sonic Concepts, Inc., a company focused on designing and development of innovative therapeutic and focused ultrasound solutions, announced that its office will relocate to new facility in Bothell, Washington. This new facility will focus on manufacturing of transducers and turnkey focused ultrasound systems.

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Global High Intensity Focused Ultrasound (HIFU) Market- Drivers

Increasing number of government initiatives for the management of prostate cancer

Increasing number of government initiatives for the management of prostate cancer is expected to drive market growth over the forecast period. For instance, in July 2022, EDAP TMS SA, a global company developing robotic energy-based therapies, announced that the U.S. Centers for Medicare and Medicaid Services (CMS) have released their proposed outpatient prospective payment system (OPPS) reimbursement rule for calendar year 2023, for EDAP TMS SA’s Focal One HIFU System. This new regulation would raise the reimbursement level for hospitals performing Focal One HIFU prostate ablations on an outpatient basis from APC (Ambulatory Payment Classifications) level 5 to APC level 6 for reimbursement purposes.

Increasing prevalence of neurological disorders

Increasing prevalence of neurological disorders is expected to drive the market growth over forecast period, as HIFU therapy is used in the management of neurological disorders. For instance, in 2021, according to Pan American Health Organization, in 2019, 533,172 people died worldwide because of neurological disorders such as multiple sclerosis, and Alzheimer’s disease, among others.

High Intensity Focused Ultrasound (HIFU) Market Report Coverage

Report Coverage Details
Base Year: 2022   Market Size in 2023: US$ 112.7 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 7.16%   2030 Value Projection: US$ 182.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Imaging Technology: Ultrasound- HIFU Therapy, Magnetic Resonance Imaging- HIFU Therapy
  • By Indication: Oncology (Prostate cancer, Rectal tumors, Liver tumors, Renal tumors, Others (breast cancer, Vaginal Cancer, etc.)), Skin Care (Anti-aging treatment, Skin Laxity and Tightening, Others (Jawline enhancement, Eyelids or Eyebrows lifting, etc.)), Neurological Disorders, Others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.) 
  • By End User: Hospitals, Ambulatory Surgical Centers, Dermatology Clinics, Others (Research Institutes, Specialty Centers, etc.)
Companies covered: Koninklijke Philips N.V.,  Sonic Concepts, Inc.,  Theraclion,  Sonablate, Alpinion Medical Systems Co., Ltd., Shanghai Carnation Medical Technology Co., Ltd., Insightec, FUS Instruments Inc., Mianyang Sonic Electronic, Profound Medical, Merz Pharmaceuticals GmbH, Image Guided Therapy, and Promedica Bioelectronics s.r.l.
Growth Drivers:
  • Increasing product launches and product approval by key players in the market
  • The increasing collaboration, agreements between market players 
Restraints & Challenges:
  • The high cost of HIFU 

Global High Intensity Focused Ultrasound (HIFU) Market- Restraint

Side effects associated with HIFU therapy

The high intensity focused ultrasound (HIFU) market’s growth can be hindered by the side effects associated with the use of high intensity focused ultrasound (HIFU). The most common side effects include urinary problems and erectile dysfunction. Other short term side effects associated with HIFU include:

•        Blood or tissue in Urine
•        Erection Problems
•        Urine Infections
•        Urinary Problems
•        Testicle Infections
•        Fatigue

Global High-Intensity Focused Ultrasound (HIFU) Market- Opportunity

Increasing number of product approvals

Increasing number of product approvals by regulatory authorities is expected to boost the market growth over forecast period. For instance, in June 2021, U.S. FDA approved Sonalleve MR-HIFU system manufactured by Profound Medical Inc., a Canada-based medical technology company, for the treatment of osteoid osteoma.

Global High Intensity Focused Ultrasound (HIFU) Market Cross Sectional Analysis:

Among imaging technology, magnetic resonance imaging- HIFU therapy segment is dominant in U.S. region due to increasing research and development activities related to magnetic resonance imaging-HIFU therapy for the treatment of various disorders. For instance, in December 2020, Children’s National Research Institute, a research institute based in Washington, U.S., initiated a study determine treatment safety and efficacy of MR-HIFU ablation of painful Osteoid Osteoma (OO) in children and young adults. The study is in phase 2 of clinical trials and is expected to get completed by June 2023.

Global High Intensity Focused Ultrasound (HIFU) Market Segmentation:

The Global High Intensity Focused Ultrasound (HIFU) Market report is segmented into Product Type, Technology, Application, End User and Region

Based on Imaging Technology, the market is segmented into Ultrasound- HIFU Therapy, Magnetic Resonance Imaging- HIFU Therapy. Out of which, Magnetic Resonance Imaging- HIFU Therapy segment is expected to dominate in the high intensity focused ultrasound (HIFU) market during the forecast period and this is due to the increase in the product approvals by regulatory authorities.

Based on Indication, (Prostate cancer, Rectal tumors, Liver tumors, Renal tumors, others), skin care (Anti-aging treatment, Skin Laxity and Tightening, Others), neurological disorders, and others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.) Out of which, oncology segment is expected to dominate in the market over the forecast period and this is a due to increase in the use of HIFU and research and development activities regarding HIFU for the treatment of various cancer types

Based on End User, the high intensity focused ultrasound (HIFU) market is segmented into Hospitals, Ambulatory Surgical Centers, Dermatology Clinics and Others. Of which, Hospitals segment is expected to dominant in the market over the forecast period and this is due to the increase use of HIFU therapy for treatment of various conditions such as Anti-aging treatment in the hospitals

Among all segmentation, End User segment has the highest potential due to increasing installation of HIFU systems in the hospitals. For instance, in October 2022, TOOsonix A/S, a company in high intensity focused ultrasound (HIFU) technology for dermatology announced the installation of company’s ONE-M HIFU system in private clinic of dermatology Hautärtzte am Mark which is based in the Germany for the skin treatments such as removal of Fine-line wrinkles, Telangiectasia (spider veins), tattoo removal among others

Global High Intensity Focused Ultrasound (HIFU) Market: Key Developments

In October 2021, Sonablate Corp., a company developing high intensity focused ultrasound (HIFU) technologies, announced the completion of combined seed investment and committed sales distribution agreement totaling over US$ 70 million with SCI, a Canadian investment company to accelerate global HIFU development.

Increasing inorganic strategies such as partnerships by the key players in the market, is expected to drive the market growth over the forecast period. For instance, in September 2022, Theraclion, a France- based medical device company, announced partnership with Victor Dupouy Hospital Centre in Argenteuil for echo therapy for varicose veins. The hospital center has invested in the SONOVEIN, for the non-invasive treatment of varicose veins. SONOVEIN is based on HIFU technology which is used to treat varicose veins.

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Key Market Takeaways:

The global high intensity focused ultrasound (HIFU) market is expected to exhibit a CAGR of 7.16% during the forecast period, due to increasing government initiatives for the HIFU Procedure. For instance, in November 2022, Sonablate Corp., a company developing invasive focused ultrasound technologies, announced a significant increase in the Sonablate HIFU procedure reimbursement rate for hospital outpatient facilities for the Centers for Medicare & Medicaid Services (CMS)

Among indication, oncology segment is dominant due to increasing research and development activities by the research organizations for treatment of cancer, is expected to drive the segment growth over the forecast period. For instance, Hospices Civils de Lyon, a Hospital in France, initiated a study for efficacy evaluation of focused HIFU (High Intensity Focused Ultrasound) therapy in patients with localized intermediate risk prostate cancer. The study is in phase 2 of clinical trials and is expected to complete in September 2025.

On the basis of imaging technology, Magnetic Resonance Imaging- HIFU Therapy segment is expected to hold a dominant position over the forecast period, owing to increasing adoption of organic growth strategies such as product launches by key players in the market to expand their product portfolio. In June 2022, Promaxo, a medical imaging, robotics, and AI (Artificial Intelligence) technology company, announced sale of its in-office MRI system to the East Valley Urology Center based in Mesa, Scottsdale, and Phoenix, Arizona, metropolitan. Promaxo’s MRI has AI-based imaging system and has U.S. FDA-approval for in-office use.

Competitive Landscape:

Key players operating in the Global High Intensity Focused Ultrasound (HIFU) Market include Koninklijke Philips N.V., Sonic Concepts, Inc., Theraclion, Sonablate, Alpinion Medical Systems Co., Ltd., Shanghai Carnation Medical Technology Co., Ltd., Insightec, FUS Instruments Inc., Mianyang Sonic Electronic, Profound Medical, Merz Pharmaceuticals GmbH, Image Guided Therapy, Promedica Bioelectronics s.r.l.

Market Segmentation:

  • Global High Intensity Focused Ultrasound (HIFU) Market, By Imaging Technology:
    • Ultrasound- HIFU Therapy
    • Magnetic Resonance Imaging- HIFU Therapy
  • Global High Intensity Focused Ultrasound (HIFU) Market, By Indication:
    • Oncology
      • Prostate cancer
      • Rectal tumors
      • Liver tumors
      • Renal tumors
      • Others (Breast Cancer, Vaginal Cancer, etc.)
    • Skin Care
      • Anti-aging treatment
      • Skin Laxity and Tightening
      • Others (Jawline Enhancement, Eyelids or Eyebrows lifting, etc.)
    • Neurological Disorders
    • Others (Uterine Fibroids, Benign Prostatic Hyperplasia, etc.)
  • Global High Intensity Focused Ultrasound (HIFU) Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Dermatology Clinics
    • Others (Research Institutes, specialty Centers, etc.)
  • Global High Intensity Focused Ultrasound (HIFU) Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Middle East
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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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.
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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
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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
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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.
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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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