Financial Analytics Market Overview 2021-2026:
According to IMARC Group latest report titled “Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on financial analytics market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global financial analytics market reached a value of US$ 9.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2027, exhibiting a CAGR of 11.39% during 2022-2027.
Financial analytics (FA) is the process of investigating, collecting, monitoring, visualizing, analyzing, and predicting financial statements of an organization through the use of software-based programs. It provides accurate business insights and forecasts the economic scenarios, thus helping in making better decisions. FA also determines the risks while enhancing the business processes by utilizing business intelligence (BI) and analytical tools for asset and liability management, budgetary control, compliance, and risk management.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global financial analytics market is primarily driven by the rising adoption of FA solutions in medium and large-scale organizations for efficient financial planning and budgeting. It finds applications across the banking, financial services, and insurance (BFSI), healthcare, manufacturing, and information technology (IT) sectors. Furthermore, the growing trend of digitization coupled with the emerging trend of cloud computing is also contributing to the market growth.
Moreover, the integration of machine learning (ML) and artificial intelligence (AI) with FA, along with technological advancements from big data to data warehouses and customer analytics, have also prompted various firms to adopt financial analytics solutions around the world.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/financial-analytics-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Fair Isaac Corporation (FICO)
- Hitachi Vantara
- Information Builders
- Microsoft Inc.
- Oracle Corporation
- Rosslyn Analytics
- SAS Institute
- Teradata Corporation
- Tibco Software
- Zoho Corporation
Financial Analytics Market Segmentation:
Our report has categorized the market based on region, type, component, application, organization size and vertical.
Market Breakup by Type:
- Database Management System (DBMS)
- Data Integration Tools
- Query, Reporting & Analysis
- Analytics Solutions
Market Breakup by Component:
- Financial Function Analytics
- Financial Market Analytics
- Managed Services
- Professional Services
Market Breakup by Application:
- Wealth Management
- Governance, Risk & Compliance Management
- Financial Forecasting & Budgeting
- Customer Management
- Transaction Monitoring
- Stock Management
Market Breakup by Organization Size:
- Large Enterprises
- Small & Medium Enterprises
Market Breakup by Vertical:
- Telecom & IT
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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