Risk Analytics Market 2030: AI's Risk Radar Revolution
The global risk analytics market was valued at USD 39.64 billion in 2023 and is expected to reach USD 91.33 billion by 2030, expanding at a CAGR of 12.7% from 2024 to 2030. Market growth is primarily driven by increasing government regulations and compliance requirements, rising cyber security threats, and the growing complexity of business operations associated with large-scale data management. Continuous technological advancements, including the development of sophisticated algorithms, machine learning, and big data analytics, have significantly enhanced the ability of organizations to process and analyze vast data volumes, enabling more informed and effective risk management decisions. Strict regulatory frameworks across multiple industries are a major factor fueling demand for risk analytics solutions. Regulatory authorities enforce these standards to safeguard financial system stability, protect consumers, and mitigate financial crimes such as fraud, money laundering, and terror...