Financial Analytics Market (By Components: Solutions, Services; By Deployment Modes: On-premises, Cloud; By Applications: Wealth Management, Governance, Risk, And Compliance Management, Financial Forecasting And Budgeting, Customer Management, Transaction Monitoring, Claim Management, Fraud Detection And Prevention, Stock Management; By Industry Verticals: Banking, Financial Components, And Insurance (BFSI), Telecom And IT, Government, Energy And Utilities, Manufacturing And Automotive, Healthcare And Pharmaceutical, Retail And ECommerce, Media And Entertainment, Transportation And Logistics, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2020 - 2027

Category : ICT | Delivery Format : PDF | Status: Published | Pages : 190

The market for financial analytics is expected to grow at a CAGR of around 10.5% from 2020 to 2027 and expected to reach the market value of around US$ 16,879.8 Mn by 2027.

Financial analytics refers to the assessment of the stability, viability, and profitability of a business, sub-business, or project, particularly to answer specific business questions as well as to forecast possible future financial scenarios. Additionally, the goal of financial analytics is to shape the strategy for business through reliable, factual insight instead of intuition. Financial analytics is a prominent part of business either small, medium-sized enterprises or large enterprises. These help in predicting and planning for future growth.

Market Dynamics

The increasing need for reducing planning and budgeting cycles across the end-use industry verticals is driving the market growth. The rapid emergence of new information technology (IT) applications and infrastructures such as big data and advanced analytics are further bolstering the market growth. The rising focus on minimizing planning and budgeting cycles, digital transformation initiatives, and increased awareness about applications of financial analytics solutions is additionally supporting the market growth. The increasing utilization of financial analytics solutions for improved visibility into expenses, revenue, and resource utilization is further bolstering the market value. Furthermore, increasing adoption of predictive analytics across industry verticals as well as the evolution of artificial intelligence (AI) and machine learning are expected to create potential opportunities over the forecast period from 2020 to 2027.

On the other hand, the surge of new regulations and financial standards are likely to limit the growth over the forecast period from 2020 to 2027.

Segment Instance of Global Financial Analytics Market 

Cloud deployment is anticipated to experience fastest growth over the forecast period

On the basis of deployment mode, cloud-based deployment is projected to exhibit the fastest growth over the forecast period from 2020 to 2027. The advantages associated with the cloud-based deployment like less requirement of hardware and associated space, speed of deployment, 24x7 availability, and ease of scalability are supporting the segmental market value. 

North America having maximum revenue share in the Financial Analytics Market

In 2019, North America is leading the market with maximum revenue share (%) and projected to maintain its dominance over the forecast period from 2020 to 2027. The presence of major players in the region is primarily supporting the market growth. The early adoption of advanced technologies in the region is accelerating the regional market value.

Asia Pacific is anticipated to experience fastest growth over the forecast timeframe from 2020 to 2027

Asia Pacific is projected to exhibit the fastest growth with a major CAGR (%) over the forecast period from 2020 to 2027. The rapidly developing economies of the region including China and India are the major revenue contributors to the regional market value. The increasing investment by the organizations of developing economies on the strategic development due to available opportunities is further bolstering the regional market value. 

The players profiled in the global financial analytics market report include Alteryx, Birst, Domo, Inc., FICO, GoodData, Google LLC., IBM, Information Builders, Oracle Corporation, Qlik, SAP SE, SAS Institute, Teradata, TIBCO Software, and Zoho Corporation.

Market Segmentation

Market By Industry Verticals

Solutions 
Services

  • Managed Services
  • Professional Services

Market By Deployment modes

On-premises
Cloud

Market By Applications

Wealth Management
Governance, Risk, and Compliance Management
Financial Forecasting and Budgeting
Customer Management
Transaction Monitoring
Claim Management
Fraud Detection and Prevention
Stock Management

Market By Industry Verticals

Banking, Financial Components, and Insurance (BFSI)
Telecom and IT
Government
Energy and Utilities
Manufacturing and Automotive
Healthcare and Pharmaceutical
Retail and eCommerce
Media and Entertainment
Transportation and Logistics
Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

The market for financial analytics is expected to reach a market value of around US$ 16,879.8 Mn by 2027.

The financial analytics market is expected to grow at a CAGR of around 10.5% from 2020 to 2027.

Cloud is the fastest growing segment by deployment modes in the financial analytics market

The increasing need for reducing planning and budgeting cycles, rapid emergence of new information Technology (IT) Deployment Modes and infrastructure, rising focus on minimizing planning and budgeting cycles, digital transformation initiatives, and increased awareness about Deployment Modes of financial analytics Applications are some of the key factors driving the market growth.

Alteryx, Birst, Domo, Inc., FICO, GoodData, Google LLC., IBM, Information Builders, Oracle Corporation, Qlik, SAP SE, SAS Institute, Teradata, TIBCO Software, and Zoho Corporation are the prominent players in the financial analytics market.

North America held the highest market share in the financial analytics market

Asia Pacific is expected to be the fastest growing market over the forecast period

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