Investigative Analytics: Introduction
Investigative analytics make use of targeted analytics on corporate financial data in order to identify red-flags and anomalies. Ever increasing amount of enterprise data combined with increasing fines and sanctions, create demand for investigative analytics tools which derive insights from both business and human information and aids in minimizing legal and financial risks across the organizations. Investigative analytics solutions with the help of a large amount of information available, advanced data analytics features, and strong applications, aids in detection, prediction, and prevention of anomalies.
Investigative Analytics: Drivers and Challenges
Advantages offered by investigative analytics for sales and marketing department other than accounting department and increasing application of investigative analytics in verticals including healthcare, automotive, and energy & utility, is expected to drive the demand of investigative analytics market. Increasing cost associated with fines and sanctions imposed by regulatory authorities on companies and pressure for these companies to demonstrate compliance with the regulatory authorities are factors supporting the growth of investigative analytics market. Meanwhile, increasing usage of investigative analytics by regulatory agencies in U.S. and Europe regions is expected to support in demand for investigative analytics market.
Initial investment cost involved in availing investigative analytics software and services and investment required in terms of support infrastructure are some of the challenges that can affect the growth of investigative analytics market.
Global Investigative Analytics: Market Segmentation
Global Investigative Analytics Market can be divided into four segments, based on vertical, end-users, deployment and region.
Segmentation on the basis of Vertical for Investigative Analytics Market:
The major segments of investigative analytics market on the basis of the vertical include:
- Energy & utility
Segmentation on the basis of End-Users for Investigative Analytics Market:
The major segments of investigative analytics market on the basis of the end-users include:
- Public organizations
- Private organizations
Segmentation on the basis of Deployment for Investigative Analytics Market:
The major segments of investigative analytics market on the basis of the deployment include:
Segmentation on the basis of Region for Investigative Analytics Market:
The major segments of investigative analytics market on the basis of the region include:
- Asia-Pacific excluding Japan
- The Middle East and Africa
- Western Europe
- North America
- Eastern Europe
- Latin America
Global Investigative Analytics: Regional Trend
Among various regions, investigative analytics market in North America is expected to dominate during the forecast period because of the strong presence of companies from BFSI, healthcare & IT vertical, and the presence of major vendors providing investigative analytics solutions in the region. North America region is expected to be followed by Western Europe and APEJ.
APEJ region is expected to drive the demand for investigative analytics market, supported by increasing presence of companies from BFSI and IT vertical in the region and increasing adoption of investigative analytics tools by different verticals in the region.
Global Investigative Analytics: Competitive Landscape
Some of the prominent players in the field of investigative analytics market include Hewlett-Packard Enterprise Company (U.S.), Wynyard Group Limited (New Zealand), 21CT Inc. (U.S.), TDWI (U.S.), Xurmo Technologies (India) etc.
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