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.
Technology risk grows at 11.4% CAGR, outpacing other risk types
Technology risk is the fastest-growing risk segment, at an 11.4% CAGR between 2026 and 2031. Strategic risk ranks second-fastest. Demand there comes from market volatility, mergers, partnerships and expansion into unfamiliar markets, where scenario analysis and predictive modeling inform decisions. By industry, healthcare and life sciences is expected to be the fastest-growing segment across the forecast period.
North America commands 37.01% share on Basel III and Dodd-Frank demand
North America is estimated to hold the largest regional share, at 37.01% in 2026. Basel III and the Dodd-Frank Act drive demand for risk measurement, reporting and compliance tools in the region's financial sector. Banks, insurers and healthcare organizations apply the tools to credit risk assessment, fraud detection, cybersecurity monitoring and operational risk.
Moody's embeds credit intelligence in Microsoft and Google AI platforms
Investment is concentrating on credit risk modeling, fraud detection and AI-enabled risk intelligence. In April 2026, Moody's integrated its credit intelligence into Microsoft 365 Copilot workflows. In August 2026, it made its intelligence available through Google Cloud's Gemini Enterprise for Financial Services. In July 2026, it expanded a partnership with Intapp, adding credit risk assessments, entity screening and ownership data to Intapp's Celeste AI platform.
In August 2026, ICRA Limited launched ICRA Risk & Analytics, combining ICRA Analytics, Fintellix and D2K Technologies after acquisitions totaling USD 30.65 million. The platform targets risk management, regulatory compliance and data management for financial institutions, regulators and corporates.
FICO and Verisk results reflect broader businesses, not pure risk analytics
FICO reported third-quarter fiscal 2026 revenue of USD 674.2 million, including USD 215.3 million from its Software segment. Verisk posted second-quarter 2026 revenue of USD 806 million, up 4.3% year over year. MarketsandMarkets cautions that both figures cover company-wide operations, including scoring solutions in FICO's case, and should not be read as risk analytics market revenue.
The report names Marsh McLennan, Aon, Deloitte, Capgemini, Moody's Analytics, IBM, Oracle, FIS, Lockton, SAS Institute, MetricStream, Milliman and Protiviti among the top companies. It describes M&A among pure-play risk analytics vendors as selective.