Product Code: ETC4394916 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
With increasing regulatory requirements and growing cybersecurity threats, risk analytics is becoming essential for businesses in Australia. Financial institutions, insurance companies, and enterprises are leveraging AI-driven risk assessment tools to mitigate financial, operational, and compliance risks. Advanced analytics, big data, and machine learning are being used to predict and manage risks in real-time. The adoption of cloud-based risk analytics solutions is also rising, providing scalable and cost-effective options for businesses of all sizes.
The risk analytics market in Australia is expanding due to increasing focus on identifying and mitigating financial and operational risks. Growing adoption of AI and predictive modeling for real-time risk assessment is driving market demand. Enhanced regulatory requirements for risk management and compliance are supporting market growth.
The risk analytics market in Australia faces challenges from high costs of data processing and difficulties in managing large datasets. Shortage of skilled analysts and evolving risk factors further complicate market expansion.
The Australia Risk Analytics Market presents strong investment potential due to increasing regulatory requirements and financial market complexity. Investment opportunities include developing AI-based risk assessment platforms, improving real-time fraud detection, and expanding into banking and insurance sectors. Partnerships with financial institutions and regulatory bodies could drive market expansion.
The Australian Prudential Regulation Authority (APRA) mandates the use of risk analytics in financial institutions under the Banking Act 1959 and the Insurance Act 1973. Financial firms are required to implement predictive models to identify and mitigate financial risks. The governments Cyber Security Strategy also supports the use of risk analytics to strengthen fraud detection and enhance decision-making in critical sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Risk Analytics Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Risk Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Risk Analytics Market - Industry Life Cycle |
3.4 Australia Risk Analytics Market - Porter's Five Forces |
3.5 Australia Risk Analytics Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Australia Risk Analytics Market Revenues & Volume Share, By Risk Type, 2021 & 2031F |
3.7 Australia Risk Analytics Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 Australia Risk Analytics Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Australia Risk Analytics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Australia Risk Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing regulatory requirements in Australia related to risk management |
4.2.2 Growing adoption of advanced technologies such as AI and machine learning in risk analytics solutions |
4.2.3 Rising demand for real-time risk assessment and monitoring in various industries |
4.3 Market Restraints |
4.3.1 High implementation costs associated with sophisticated risk analytics tools |
4.3.2 Lack of skilled professionals in the field of risk analytics in Australia |
4.3.3 Concerns regarding data privacy and security hindering the adoption of risk analytics solutions |
5 Australia Risk Analytics Market Trends |
6 Australia Risk Analytics Market, By Types |
6.1 Australia Risk Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Australia Risk Analytics Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Australia Risk Analytics Market Revenues & Volume, By Software (ETL Tools, Risk Calculation Engines, GRC Software), 2021-2031F |
6.1.4 Australia Risk Analytics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Australia Risk Analytics Market, By Risk Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Risk Analytics Market Revenues & Volume, By Strategic Risk, 2021-2031F |
6.2.3 Australia Risk Analytics Market Revenues & Volume, By Operational Risk, 2021-2031F |
6.2.4 Australia Risk Analytics Market Revenues & Volume, By Financial Risk, 2021-2031F |
6.3 Australia Risk Analytics Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 Australia Risk Analytics Market Revenues & Volume, By Cloud, 2021-2031F |
6.3.3 Australia Risk Analytics Market Revenues & Volume, By On-premises, 2021-2031F |
6.4 Australia Risk Analytics Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Australia Risk Analytics Market Revenues & Volume, By Large enterprises, 2021-2031F |
6.4.3 Australia Risk Analytics Market Revenues & Volume, By Small and medium-sized enterprises (SMEs), 2021-2031F |
6.5 Australia Risk Analytics Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Australia Risk Analytics Market Revenues & Volume, By Banking and Financial Services, 2021-2031F |
6.5.3 Australia Risk Analytics Market Revenues & Volume, By Insurance, 2021-2031F |
6.5.4 Australia Risk Analytics Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.5 Australia Risk Analytics Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.5.6 Australia Risk Analytics Market Revenues & Volume, By Retail and Consumer Goods, 2021-2031F |
6.5.7 Australia Risk Analytics Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.5.8 Australia Risk Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.5.9 Australia Risk Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
7 Australia Risk Analytics Market Import-Export Trade Statistics |
7.1 Australia Risk Analytics Market Export to Major Countries |
7.2 Australia Risk Analytics Market Imports from Major Countries |
8 Australia Risk Analytics Market Key Performance Indicators |
8.1 Percentage increase in the number of organizations using risk analytics tools in Australia |
8.2 Average time taken to detect and respond to risks using analytics solutions |
8.3 Rate of adoption of AI and machine learning technologies in risk analytics solutions in Australia |
9 Australia Risk Analytics Market - Opportunity Assessment |
9.1 Australia Risk Analytics Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Australia Risk Analytics Market Opportunity Assessment, By Risk Type, 2021 & 2031F |
9.3 Australia Risk Analytics Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 Australia Risk Analytics Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 Australia Risk Analytics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Australia Risk Analytics Market - Competitive Landscape |
10.1 Australia Risk Analytics Market Revenue Share, By Companies, 2024 |
10.2 Australia Risk Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |