Technavio, a tech-focused market research firm, has published a new report on the global analytics and risk compliance solutions for the banking market, which is expected to grow at a CAGR of more than 17% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: The Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2015 (%) |
|
Americas |
46.71% |
|
EMEA |
32.27% |
|
APAC |
21.02% |
Source: Technavio
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Global Analytics and Risk Compliance Solutions For the Banking Market in the Americas: The adoption of big data analytics help companies to improve risk management and customer target marketing abilities. The use of big data in financial services will also result in real-time marketing in terms of communications, integration of the e-commerce platform with the establishment of a social network information database, the business activities, and facilitating small loans and microloans.
According to Amber Chourasia, a lead analyst at Technavio, specializing in research on ICT, says, “The companies are using data virtualization tools, such as composite software and social analytics software, to improve real-time targeting and quick decision-making for financial institutions. These tools allow the companies to integrate data platforms that help them streamline their internal and external data sources.”
Global Analytics and Risk Compliance Solutions For Banking Market in EMEA: The adoption of these solutions will allow the commercial banks in the region to correct and rebuild consumer savings. The vendors in the market are focusing on delivering powerful improvements in their business models by using digital channels, adjustments in the value proposition to different customer segments, and reshaping branch networks. These solutions improve their information governance model, cross-channel marketing, and personalized customer experiences.
Global Analytics and Risk Compliance Solutions For Banking Market in APAC: The rise in cloud-based SaaS, mobile applications, big data and analytics, and social media will increase the adoption rate of analytics and risk compliance solutions in the APAC market. These solutions help companies to safeguard data against cyber-attacks, prevent money laundering, and offer data protection and security. Moreover, the adoption of cloud-based information governance solutions make APAC the fastest growing region in the market.
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The top leading vendors operating in the global analytics and risk compliance solutions for banking market are:
- CMO
- EMC
- IBM
- MetricStream
- Nasdaq
Other prominent vendors in the market include Check Point Software Technologies, LogicManager, MEGA International, NAVEX Global, Oracle, Protiviti, Rsam, SAI Global, SAP, SAS Institute, Software AG, and Thomson Reuters.
A more detailed analysis is available in the Technavio report titled, ‘Global Analytics and Risk Compliance Solutions For Banking Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Governance Risk and Compliance Platform Market 2017-2021
- Global Automated Trading Market 2016-2020
- Global Cloud Infrastructure Testing Market 2016-2020
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