Financial Analytics Market Size and CAGR by 2031
The Financial Analytics Market is expected to register a CAGR of 11.4% during 2023–2031. Growing technological advancement is likely to be a key trends in the market.
Financial Analytics Market Analysis
- Technologies like artificial intelligence (AI), machine learning and big data analytics are transforming the financial sector, which subsequently makes sophisticated analytics solutions necessary to uncover meaningful insights from big data.
- Apart from that, organizations are inclined towards risk management, regulatory compliance and fraud detection, raising the demand for financial analytical tools that let them manage the risks and comply with evolving regulations.
- Also, organizations in the financial sector have begun to adopt more customer-centric strategies and focus on delivering highly personalized financial services, therefore the analytics solutions that help them understand customer behavior and their needs deeply are in high demand.
Financial Analytics Market Overview
- Financial analytics is the evaluation of financial data using advanced analytical tools and techniques to provide insight and enhance decision-making within the realm of finance and business by providing insight into this process, which facilitates financial decisions.
- Financial analytics encompasses different categories, including the evaluation of financial performance, risk management, predictive modeling and strategic planning.
- This analysis covers a very broad range of activities, assessments and quantitative and qualitative techniques, enabling organizations to make informed decisions regarding financial resources and various complexities arising in financial markets, among others.
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Financial Analytics Market: Strategic Insights
Financial Analytics Market
-
CAGR (2024 - 2031)
11.4%
-
Market Size 2023
US$ XX Million
-
Market Size 2031
US$ XX Million
Market Dynamics
GROWTH DRIVERS
- Growing demand for cloud-based financial analytics solutions
FUTURE TRENDS
- The advent of real-time analytics
OPPORTUNITIES
- Growing technological advancement
Key Players
- IBM Corporation
- Fair Isaac Corporation FICO
- Qlik Technologies Inc
- Oracle
- Microsoft Corporation
- SAP AG
- SAS Institute Inc
- Tableau Software Inc
- Teradata Corp
- TIBCO Software Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solution
- Services
Deployment Mode
- On-Premise
- Cloud
Organization Size
- Large Enterprises
- SMEs
Application
- Wealth Management
- Risk and Compliance Management
- Financial Forecasting and Budgeting
- Customer Management
- Transaction Monitoring
- Fraud Detection and Prevention
- Stock Management
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Financial Analytics Market: Strategic Insights
-
CAGR (2024 - 2031)11.4% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Market Dynamics
- Growing demand for cloud-based financial analytics solutions
- The advent of real-time analytics
- Growing technological advancement
Key Players
- IBM Corporation
- Fair Isaac Corporation FICO
- Qlik Technologies Inc
- Oracle
- Microsoft Corporation
- SAP AG
- SAS Institute Inc
- Tableau Software Inc
- Teradata Corp
- TIBCO Software Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solution
- Services
- On-Premise
- Cloud
- Large Enterprises
- SMEs
- Wealth Management
- Risk and Compliance Management
- Financial Forecasting and Budgeting
- Customer Management
- Transaction Monitoring
- Fraud Detection and Prevention
- Stock Management
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Financial Analytics Market Drivers and Opportunities
Growing demand for cloud-based financial analytics solutions
- The need for cloud-based financial analytics solutions, due to their inherent benefits such as agility, scalability, speed of deployment, and 24x7 availability as compared to on-premise solutions, is one of the biggest driving factors of the financial analytics market.
- Organizations in the financial services sector are increasingly engaging in digital transformation initiatives and want to reduce their planning and budgeting cycles.
- In addition, increasing awareness about the benefits of financial analytics solutions, such as improving customer experience and getting a 360-degree view of the customer, has also led to a surge in the adoption of cloud-based financial analytics solutions.
The advent of real-time analytics
- The rapid emergence of real-time analytics creates an unprecedented business opportunity for the financial analytics market. Because companies need to become more agile and responsive throughout the decision-making process, the demand for real-time financial analytics solutions has increased exponentially.
- Real-time financial analytics allow companies to make decisions, envision trends, and respond to the market and customers. With real-time financial analytics, companies can improve decision-making by better understanding their customers and enable them to proactively manage risks, optimize cash flow and capitalize on market windows that are otherwise opaque or disappear if not immediately capitalized upon.
Financial Analytics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Financial Analytics Market analysis are component, deployment mode, organization size, application, and industry vertical.
- By component, the market is divided into solution and services.
- By deployment mode, the market is divided into on-premise and cloud.
- By organization size, the market is segmented into large enterprises and SMEs.
- By application, the market is segmented into wealth management, risk and compliance management, financial forecasting and budgeting, customer management, transaction monitoring, fraud detection and prevention, stock management, and others.
- By industry vertical, the market is segmented into BFSI, IT and telecom, manufacturing, retail and e-commerce, government, healthcare, and others.
Financial Analytics Market Share Analysis by Geography
- The Financial Analytics Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Financial Analytics Market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Financial Analytics Market in these regions.
Financial Analytics Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2024 - 2031) | 11.4% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Financial Analytics Market News and Recent Developments
The Financial Analytics Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Financial Analytics Market are listed below:
- FICO launches its industry-leading cloud-based platform in India, pioneering Indian banks like HDFC Bank, Axis Bank, and AU Small Finance Bank are among the early adopters set to elevate customer satisfaction and drive innovation in the banking sector. FICO® Platform brings to market a suite of advanced decisioning and artificial intelligence capabilities tailored to empower local businesses. (Source: FICO, News, July 2023)
- Qlik announced it had closed its acquisition of Talend, expanding the company’s best-in-class capabilities for modern enterprises to access, transform, trust, analyze, and act with data. Qlik and Talend solutions are complementary, extending the capabilities in many vital areas such as data quality, transformation, application connectivity, and API services. (Source: Qlik, Press Release, November 2023).
Financial Analytics Market Report Coverage and Deliverables
The “Financial Analytics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Financial Analytics Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Financial Analytics Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Financial Analytics Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Financial Analytics Market.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Financial Analytics Market is expected to grow at a CAGR of 11.4% during the forecast period 2023 - 2031.
Growing demand for cloud-based financial analytics solutions is one of the major factors driving the Financial Analytics Market.
Growing technological advancement is anticipated to play a significant role in the global Financial Analytics Market in the coming years.
The leading players operating in the Financial Analytics Market are IBM Corporation, Fair Isaac Corporation (FICO), Qlik Technologies Inc, Oracle, Microsoft Corporation, SAP AG, SAS Institute Inc, Tableau Software Inc, Teradata Corp, and TIBCO Software Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Companies List
- Deloitte Touche Tohmatsu Limited
- Hitachi Consulting Corporation
- Information Builders
- Fair Isaac Corporation (FICO)
- Microsoft Corporation
- Teradata Corp
- Tableau Software Inc.
- Rosslyn Analytics Ltd
- SAS Institute Inc.
- SAP AG