It’s become almost redundant to say analytics are influencing every aspect of the economy and the global risk analytics market could be valued at $51.5 billion by 2025, according to a Research and Markets report.
The Global Risk Analytics Market Analysis & Trends forward-looking study estimated the market will grow approximately 13.3% every year.
Some of what’s driving the growth could have to do with the trends the study identified including emerging business risk scenarios, more competition among regulators, technological developments, opportunities for growth and investment.
A host of solutions and services comprise the risk analytics market, including dashboard analytics, risk reporting tools, governance and compliance software, risk calculation engines, scorecard and visualization tools.
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The study was released on the same day that Gurucul, the L.A.-based tech security firm, was named the best User Behaviour Analytics Solution for 2017 by Cyber Defense magazine.
“Winning the CDM Award for Best User Behavior Analytics Solution again this year is a tribute and recognition for the fact that we continue to set the pace for new innovations in identity-based security,” Saryu Nayyar, CEO of Gurucul said.
“Identity as an attack surface is emerging as a top concern for CSOs and will be a key theme in 2017 and beyond.”
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