The industry is concentrated, top 5 took up about 50% of the global market in 2017. The key players include IBM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Kyriba, Active Risk, Pegasystems, TFG Systems and so on. Among them, IBM, Oracle and SAP are the leaders.
The leading companies own the advantages on better performance, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. The market is in a rapid development period with a CAGR of about 7.6% between 2017 and 2023. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Financial Risk Management Software Market Size, Status and Forecast 2023 report released by QYResearch provides a basic overview of the Financial Risk Management Software industry, including the market status and outlook of global and major regions, from angles of players, regions, product and end application/industries; this report analyzes the top players in global and major regions, and splits the Financial Risk Management Software market by product and application/end industries.
The report focuses on major industry players in Global, including company profiles, product images and specifications, revenue, market share, and contact information. More importantly, the Financial Risk Management Software industry market dynamics and market effect factors were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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