News and Events
Risk Edge named as a leading Risk Analytics vendor in latest report by a Global Market Research Firm
(Jun 9, 2017) Risk Edge Solutions, a global leader in Risk & Predictive Analytics for Energy and Commodity companies, was today named as a leading vendor in Risk Analytics Space by Global Market Research Firm, Markets and Markets. The report, which names other leading vendors in Risk Analytics space, like SAP, IBM and Moody’s, projects the Risk Analytics market size to grow from USD 17.6 bn in 2017 to USD 35.92 bn by 2022.
The Report, titled “Risk Analytics Market by Software (ETL, Risk Calculation Engines, Scorecard and Visualization, Dashboard Analytics, and GRC), Risk Type (Strategic Risk, Operational Risk, Financial Risk), Service, Deployment Model, and Vertical – Global Forecast to 2022“, contains an analysis of major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
Risk Edge was placed under the “Dynamic” quadrant of the 4 Microquadrants matrix – Vanguards, Innovators, Emerging and Dynamic. Speaking about this achievement, Mr. Nitin Gupta, CEO of Risk Edge, said “We are absolutely thrilled to be named as a leading Risk Analytics vendor globally, along with many other well-recognized names from this industry. It re-establishes our faith in our vision and direction, and our client’s confidence in selecting us. We’ve always striven to push the possibilities in analytics domain, and in the near future, you’ll hear about even more exciting offerings from us that our teams are currently working on !”
Having done a thorough review of products and strategies from Risk Edge, Markets and Markets also gave their view on Risk Edge:
“Risk Edge is one of the fastest-growing risk analytics companies, which is focused on a particular vertical (energy and commodity). The company is instrumental in selling and implementing risk software projects to various multinational companies, including some of the Fortune 2000 companies.
It offers software, which is not only cost-effective and scalable, but also uses advanced analytics, such as machine learning algorithms and predictive analytics insights to correctly predict the risks associated with the energy and commodity verticals. Business strategy is seen to be oriented more toward organic growth, i.e., the revenue is invested more in R&D, which would again help the company in providing a strong robust software that would stand out against its major competitors existing in this marketspace. Risk Edge Solutions is currently focusing on the fast-growing APAC market, with most of its offices located in Singapore, the UK, India, and Australia. This is a good move that is likely to help the company in growing significantly. Moreover, the channel partner program started by Risk Edge Solutions to build a community of dynamic partners would also help the company to sell its software and services to various parts of the world.”
Read the Executive Summary of the report here:
About Markets and Markets:
MarketsandMarkets is a global market research and consulting company. It is World’s No. 1 in terms of premium market research studies published annually. Serving as a business intelligence partner to Fortune 500 companies across the world, it provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers seventeen industry verticals, including advanced materials, aerospace and defense, agriculture, automotive and transportation, biotechnology, building and construction, chemicals, energy and power, food and beverages, industrial automation, medical devices, mining, minerals and metals, packaging, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.