Preventive Risk Analytics Market in Japan Predicted to Reach $4.54 Bn by 2027 at 18.5% CAGR, Says Allied Market Research

PORTLAND, Oregon, June 1, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Japan Preventive Risk Analytics Market by Component (Solution and Services), Type (Strategic Risks, Financial Risks, Operational Risks, and Compliance Risks), Deployment Model (On-Premise and Cloud), User Type (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (BFSI, IT & Telecom, Retail, Healthcare, Energy & Utilities, Manufacturing, Government & Defense, and Others): Opportunity Analysis and Industry Forecast, 2020-2027".According to the report, the Japan preventive risk analytics industry was pegged at $1.17 billion in 2019, and is expected to reach $4.54 billion by 2027, growing at a CAGR of 18.5% from 2020 to 2027. Drivers, restraints, and challengesRise in stringent government regulatory compliance, growth of IoT landscape in Japan, surge in adoption of risk analytics among financial institutions, and increase in complexity across business processes drive the growth of the Japan preventive risk analytics market. High cost and complexity in installation and configuration of software hamper market players. On the contrary, integration of advanced technologies such as artificial intelligence, blockchain in risk analytics, and increase in innovations in the Japan Fintech industry are expected to create lucrative opportunities for the market in the coming years.Request for Report Sample: scenario: The advent of Covid-19 has significantly impacted the Japan preventive risk analytics industry.
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