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) - Industry Trends and Forecast to 2030.
Financial Analytics Market Analysis and Size
The financial analytics market is segmented based on type, organization size, deployment type, end user, component, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.
Data Bridge Market Research analyses that the global financial analytics market, which was USD 9.04 billion in 2022, is expected to reach USD 19.8 billion by 2030, and is expected to undergo a CAGR of 10.3% during the forecast period. This indicates the market value. BFSI dominates the end-user segment of the global financial analytics market as the BFSI industry deals with vast volumes of complex financial data, including transactions, customer information, market data, regulatory data, and more. Financial analytics solutions help in processing and analyzing this data to extract meaningful insights and identify patterns and trends that can drive business decisions and strategies. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Financial Analytics Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Customizable Year
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2015 to 2020
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), Fiserv, Inc. (U.S.), Bloomberg L.P. (U.S.), Moody's Analytics, Inc. (U.S.), FactSet Research Systems Inc. (U.S.), Tableau Software (U.S.), TIBCO Software Inc. (U.S.), Qlik Technologies Inc. (U.S.), Numerix LLC (U.S.), Adaptive Insights, Inc. (U.S.), Teradata Corporation (U.S.), MicroStrategy Incorporated (U.S.)
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Market Opportunities
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Market Definition
The global financial analytics market refers to the industry and market segment that focuses on providing advanced analytics solutions and tools for financial organizations to gain insights, make informed decisions, and improve their financial performance. Financial analytics involves the collection, analysis, interpretation, and presentation of financial data to support strategic planning, risk management, performance measurement, and forecasting in various financial sectors.
Global Financial Analytics Market Dynamics
Drivers
- Increasing Demand for Data-Driven Insights
Organizations across various industries, including BFSI, recognize the value of data-driven decision-making. Financial analytics solutions provide insights into financial performance, customer behavior, market trends, and risk analysis, enabling organizations to make informed decisions and gain a competitive edge.
- Regulatory Compliance Requirements
Stringent regulations in the financial industry, such as Basel III, Dodd-Frank Act, and IFRS 9, require financial institutions to effectively manage risks, monitor transactions, and maintain transparent reporting. Financial analytics tools help automate compliance processes, ensure regulatory adherence, and minimize the risk of non-compliance.
Opportunity
- Cloud-Based Analytics Solutions
The adoption of cloud computing offers significant opportunities for the financial analytics market. Cloud-based analytics solutions provide scalability, flexibility, and cost-efficiency, enabling organizations to access and analyze large volumes of data without substantial infrastructure investments
Restrain/Challenge
- Data Quality and Integration Challenges
Financial data is often scattered across multiple systems, platforms, and formats. Integrating and cleaning data from disparate sources can be a complex task. Inaccurate or incomplete data can affect the reliability and effectiveness of financial analytics solutions, requiring organizations to invest in data quality management and integration capabilities
This global financial analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the financial analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth
Recent Development
In October 2020, IBM announced its acquisition of WDG Automation, a leading provider of financial analytics software and services. The move aimed to bolster IBM's financial analytics capabilities and strengthen its position in the financial services industry. WDG Automation's technology and expertise were expected to enhance IBM's portfolio of AI-driven automation solutions for financial institutions, enabling improved risk management, fraud detection, and compliance monitoring.
Global Financial Analytics Market Scope
The global financial analytics market is segmented on the basis of type, organization size, deployment type, end-user, component, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Database Management System (DBMS)
- Data Integration Tools
- Analytics Solutions
- Others
Organization Size
- Large Enterprises
- Small and Medium Enterprises
Deployment Type
- On-premises
- 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
Global Financial Analytics Market Regional Analysis/Insights
The global financial analytics market is analyzed and market size insights and trends are provided by country, type, organization size, deployment type, end-user, component, and application as referenced above.
The countries covered in the global financial analytics market report are the 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
The U.S. dominates the financial analytics market and is growing with the highest CAGR as the U.S. has one of the largest and most developed financial services industries globally, including banks, investment firms, insurance companies, and other financial institutions. These organizations have a significant need for advanced analytics to analyze vast volumes of financial data, manage risks, optimize investments, and comply with regulatory requirements.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points such as down-stream and up-stream 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 North America brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure Growth Installed Base and New Technology Penetration
The global financial analytics market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global financial analytics market, the impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period from 2015-2020.
Competitive Landscape and Global Financial Analytics Market Share Analysis
The global financial analytics market competitive landscape provide details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global financial analytics market.
Some of the major players operating in the global financial analytics market are
- IBM Corporation (U.S.)
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- SAS Institute Inc. (U.S.)
- Fiserv, Inc. (U.S.)
- Bloomberg L.P. (U.S.)
- Moody's Analytics, Inc. (U.S.)
- FactSet Research Systems Inc. (U.S.)
- Tableau Software (U.S.)
- TIBCO Software Inc. (U.S.)
- Qlik Technologies Inc. (U.S.)
- Numerix LLC (U.S.)
- Adaptive Insights, Inc. (U.S.)
- Teradata Corporation (U.S.)
- MicroStrategy Incorporated (U.S.)
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