Market Share of Risk Analytics Industry
The risk analytics market is a relatively consolidated market as the major vendors account for a significant share of the market, especially in the enterprise-level adoption. Additionally, large companies dominate this market owing to their ability to offer innovative and high-quality services to end-users on a different scale and with customization that suits their specific needs. IBM Corporation, SAP SE, SAS Institute Inc., Oracle Corporation, Accenture PLC and Adenza Group Inc. (previosuly AxiomSL Ltd.) are a few prominent players operating in the market.
In November 2023, Renew Risk, a Software-as-a-Service (SaaS) risk analytics supplier, and GCube Insurance, a prominent insurance company for renewable energy projects, announced a strategic partnership. GCube's offshore wind clients will significantly benefit from this partnership, strengthening the company's capacity for offshore wind risk analytics and modeling. GCube will benefit from this agreement by utilizing Renew Risk's advanced catastrophe risk models, which are tailored for offshore wind portfolios.
In September 2023, Axioma, a global supplier of corporate risk solutions, portfolio construction tools, and factor risk models, announced a new partnership with Jacobi Inc. The San Francisco-based company Jacobi's technology enables dynamic client engagement, optimizes investing operations, and simplifies multi-asset portfolio building and maintenance. With this single workflow-integrated solution, investment managers can readily access time series and point-in-time risk data for factor-based decomposition across equity and multi-asset class portfolios.
In October 2022, Goldman Sachs Group, Inc., a top global investment banking, securities, and investment management organization, and Qontigo, a leading innovative risk, analytics, and index solutions provider, announced an expanded partnership. Through Goldman Sachs Financial Cloud for Data, a collection of modular data management and analytics solutions, as well as Goldman Sachs Marquee, the company's digital platform that offers market-leading data, analytics, market insights, and trading solutions to institutional investors, Qontigo would now make the Axioma Portfolio Optimize and Axioma Equity Factor Risk Models available.
In September 2022, A collaborative alliance was launched between CAMELOT Management Consultants and Everstream Analytics, a prominent provider of supply chain insights and risk analytics. This partnership combines Everstream's superior risk ratings and AI-powered analytics with CAMELOT's unrivaled strategic process design and organizational knowledge to create high-performing, compliant, resilient value chains.
Risk Analytics Market Leaders
IBM Corporation
SAP SE
SAS Institute Inc.
Oracle Corporation
Accenture PLC
*Disclaimer: Major Players sorted in no particular order
