Financial Analytics Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast 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

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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

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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.