Global Financial Analytics Market, By Type (Database Management System (DBMS), Data Integration Tools; Query, Reporting, and Analysis; Analytics Solutions; and Others), Organization Size (Large Enterprises, Small and Medium Enterprises), Deployment Type (On-premises and Cloud), End User (BFSI, Manufacturing and Automotive, Retail and E-Commerce, Telecommunications and IT, Transportation and Logistics, Healthcare and Pharmaceuticals, Energy and Utilities, Government, Others), Component (Solutions, Services), Application (Wealth Management, Governance, Risk and Compliance Management, Financial Forecasting and Budgeting, Customer Management, Transaction Monitoring, Claim Management, Fraud Detection and Prevention, Stock Management, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The financial analytics market is expected to witness market growth at a rate of 16.59% in the forecast period of 2021 to 2028. Data Bridge Market Research report on financial analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Financial analytics is fundamentally a concept that offers distinct views on the financial data of a business. It aids in getting in-depth knowledge and based on that take calculated actions to improvise a business overall presentation. Financial analytics is a subcategory of BI and EPM and has an influence on every aspect of the business. Financial analytics aids companies to improvise income statements and business procedures.
These solutions are being utilized by several industries for enhancing business operations. The End-user Industry is measured under the scope contains BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Other end-user Industries. The economic environment of growing volatility, rising indecision and risk, financial planning, managing, and forecasting solutions offer the customer with speed, agility, and foresight about the business to compete in the market in a better way.
The growing need for the cloud-based solution, and the rising demand for financial analytics services in several organizations and verticals are anticipated to propel the growth of the financial analytics market. Furthermore, with the increasing focus on data-driven financial decisions in several end-user verticals, and the development of big data, needs solutions which can deal with large amounts of data and can offer valuable insights, are few of the factors further supplementing the growth of the financial analytics market in the forecast period. However, the demand for addressing frequent business dimensions is most likely estimated to further hinder the growth of the financial analytics market during the forecast. Furthermore, the growing of the safety issues are also further expected to hamper the industry growth of the financial analytics market in the next coming years.
This financial analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on financial analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Financial Analytics Market Scope and Market Size
The financial analytics market is segmented on the basis of type, organization size, deployment type, end user, component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the type, the financial analytics market is segmented into database management system (DBMS), data integration tools; query, reporting, and analysis; analytics solutions; and others.
- Based on the organization size, the financial analytics market is segmented into large enterprises and small and medium enterprises.
- Based on the deployment type, the financial analytics market is segmented into on-premises and cloud.
- Based on the end user, the financial analytics market is segmented into BFSI, manufacturing and automotive, retail and e-commerce, telecommunications and it, transportation and logistics, healthcare and pharmaceuticals, energy and utilities, government, others.
- Based on the component, the financial analytics market is segmented into solutions, services.
- Based on the application, the financial analytics market is segmented into wealth management, governance, risk and compliance management, financial forecasting and budgeting, customer management, transaction monitoring, claim management, fraud detection and prevention, stock management, others.
Financial Analytics Market Country Level Analysis
The financial analytics market is analysed and market size, volume information is provided by country, laser types, components, transmission mediums, sales channels and application as referenced above.
The countries covered in the financial analytics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the financial analytics market because of the elevated tolerance in multiple several industries coupled with a quick technology adjustment rate. Asia Pacific is anticipated to observe considerable amount of growth in the financial analytics market because of the growing alertness and suitable government programs. Furthermore, the need for information storage and analysis is rising because of the substantial information generation is further expected to boost the growth of the financial analytics market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Financial Analytics Market Share Analysis
The financial analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to financial analytics market.
The major players covered in the financial analytics market report are Oracle; IBM Corporation; Google; Domo, Inc.; Fair Isaac Corporation; Birst, Inc.; SAP SE; TIBCO Software Inc.; SAS Institute Inc.; GoodData Corporation; Zoho Corporation Pvt. Ltd.; Teradata; ALTERYX, INC.; QlikTech International AB; Information Builders; Hitachi Vantara Corporation; MicroStrategy Incorporated; Deloitte Touche Tohmatsu Limited; Rosslyn Analytics; Microsoft; HARMAN International and TABLEAU SOFTWARE., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Financial Analytics Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.