Risk Analytics Market to Hit $54.69B by 2031 on AI Demand
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DELRAY BEACH – October 29, 2026 -- The global risk analytics market will grow from USD 35.68 billion in 2026 to USD 54.69 billion by 2031, a CAGR of 8.9%, according to MarketsandMarkets. The market stood at USD 31.61 billion in 2025.
Software holds 37.2% of 2026 spending, with GRC platforms leading
Software is estimated to account for 37.2% of the market in 2026. Within software, governance, risk and compliance (GRC) platforms are expected to hold the largest share through 2031. The report attributes this to increasingly complex, sector-specific regulation. Companies use GRC tools to automate compliance monitoring, maintain audit readiness and detect policy breaches in real time, as regulatory fines and reputational damage raise costs.