Allied Market Research

2024

Credit Risk Management Software For Banks Market

Credit Risk Management Software for Banks Market Size, Share, Competitive Landscape and Trend Analysis Report by Deployment, by Industry Vertical and by  Enterprise Size : Global Opportunity Analysis and Industry Forecast, 2023-2032

BI : IT in BFSI

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Author's: | Onkar Sumant
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Credit risk management is the process of minimizing losses by determining the adequacy of a bank's capital and loan loss reserves at any given time – a process that has long been difficult for financial institutions to master. It usually refers to the risk that a lender will not receive the owed principal and interest, resulting in a disruption in cash flow and higher collection costs as excess cash flows can be written to provide extra credit risk protection. When a lender is faced with increased credit risk, a higher coupon rate can be used to mitigate the risk by providing more cash flow. While it's impossible to predict who will default on their obligations, properly assessing and managing credit risk can help to mitigate the severity of a loss. Moreover, the borrower's overall ability to repay a loan according to its original terms is used to calculate credit risks. Therefore, the surge in demand for the credit risk management is expected to boost the credit risk management software for banks market growth in the upcoming years.

The credit risk management software for banks market share is segmented on the basis of deployment, industry vertical, enterprise size and region. Based on deployment, the market is bifurcated into on-premise and cloud. By industry vertical, it is categorized into bfsi, health care, retail, it and telecommunication, government, and others. By enterprise size, the market is devided into large enterprise and small & medium enterprises. Based on region, the market is analyzed across North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Key players operating in the credit risk management software for banks market include International Business Machines (IBM), Oracle, Fiserv Inc., Sword GRC, Provenir, Moody’s Investors Service Inc., Lockpath Inc., LogicManager Inc., Qualys Inc., and Thomson Reuters. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the credit risk management software for banks industry and develop new products for enhancing product portfolio.

COVID-19 Impact Analysis

  • The COVID-19 pandemic has ravaged the globe, wreaking havoc on individuals and businesses all over the world. Competitive market dynamics, declining credit standards, and threats to the business community, among other things, have an impact on the risk management service. The unexpected recession has raised questions about the firm's current risk control systems' efficacy and agility.
  • It is expected to have a significant impact on the risk management market's growth. Spending on risk management software is expected to rise compared to pre-pandemic levels, owing to a number of factors, including the rise in number of industries adopting a work-from-home culture and the increased risk of cyber-attacks and security issues.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increased number of government regulations and rise in adoption of banking firms are expected to drive the growth of the market. In addition, organizations implementing artificial intelligence (AI)-based risk-analytic models to mitigate risks propel the credit risk management software for banks market growth. However, miscalculation of known risks and the unstructured nature of data to stifle business opportunities may hamper the growth of the market. On the contrary, rising demand from developing countries can be perceived as an opportunity for the market during the forecast period.

The credit risk management software for banks market trends are as follows:

Increased number of government regulations

The government has imposed various rules & regulations to avoid data breach on various organizations to implement risk management through a flexible, user-friendly information system that assists companies in evaluating, identifying, analyzing, and by considering both opportunities & risk to protect corporate brands create value for their shareholders. Moreover, different rules & regulations such as protecting the data of the customers have been imposed by different governments in different countries to promote the credit risk management. Therefore, stringent government policies for the adoption of credit risk management in banking firms will foster the growth of the market during the forecast period.

Rise in adoption of the banking firms

Banking firms can use risk analysis to extract actionable data from data sources and take steps to prevent data breaches. Risk analysis can be used to compile all of the data into usable information and provide actionable insights that can assist businesses in strategizing and growing their organizations. Organizations can discover and classify potential threats by integrating data collected by companies with risk analysis solutions, which allows them to simplify business processes. Data analytics will provide a forward-looking perspective on evolving risks, allowing for the analysis of potential hazards and the management & identification of their causes. Moreover, companies across industries are adopting a growing data demand culture, which is expected to supplement demand for these solutions. Therefore, the demand for credit risk management across banking firms is expected to boost the growth of the market during the upcoming years.

Key Benefits of the Report

  • This study presents the depiction of the credit risk management for banks market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.      
  • The current market is quantitatively analyzed to highlight the credit risk management for banks market growth scenario.                 
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.  
  • The report provides a detailed market analysis on the basis of competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Credit Risk Management Software for Banks Market Research Report

  • Which are the leading players active in the credit risk management for banks market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the credit risk management software for banks market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?

Credit Risk Management Software for Banks Market Report Highlights

Aspects Details
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By Deployment
  • On-Premise
  • Cloud
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By  Enterprise Size
  • Large Enterprise
  • Small & Medium Enterprises
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By Industry Vertical
  • BFSI
  • Healthcare
  • Retail
  • IT and Telecommunication
  • Government
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

FICO, Core Working Capital, SAS, Experian, SAP, Genpact, Revel Solutions, Oracle FLEXCUBE, Moody's, Finastra

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Credit Risk Management Software for Banks Market

Global Opportunity Analysis and Industry Forecast, 2023-2032