According to IMARC Group latest report titled “Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on financial analytics market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global financial analytics market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
Financial analytics is the process of examining financial data to identify trends, patterns, and insights that can help organizations make informed business decisions. The global financial analytics market is expected to grow significantly in the coming years, driven by increasing demand for advanced analytics solutions to optimize financial operations, reduce costs, and improve profitability.
Get a Free Sample Copy of this Report: https://www.imarcgroup.com/financial-analytics-market/requestsample
Market Trends:
The financial analytics market can be segmented by component, deployment mode, organization size, vertical, and region. By component, the market can be further divided into software and services. The software segment is expected to dominate the market in the coming years, as financial analytics software offers a range of functionalities such as financial forecasting, risk management, financial reporting, and performance management.
By deployment mode, the financial analytics market can be divided into on-premises and cloud-based. The cloud-based segment is expected to grow at a higher CAGR in the coming years, driven by the increasing adoption of cloud-based solutions among small and medium-sized enterprises (SMEs) due to their cost-effectiveness, flexibility, and scalability.
By organization size, the financial analytics market can be segmented into SMEs and large enterprises. The large enterprises segment is expected to dominate the market in the coming years, as large enterprises have a higher budget and resources to invest in advanced financial analytics solutions. However, the SMEs segment is expected to grow at a higher CAGR in the coming years, driven by the increasing adoption of cloud-based financial analytics solutions.
By vertical, the financial analytics market can be segmented into banking, financial services and insurance (BFSI), healthcare, manufacturing, retail and e-commerce, government and defense, and others. The BFSI segment is expected to dominate the market in the coming years, as financial analytics solutions are extensively used in the BFSI sector to manage risk, improve compliance, and enhance customer experience.
Geographically, the financial analytics market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to dominate the market in the coming years, as the region has a high adoption rate of advanced technologies such as big data analytics, AI, and ML. However, the Asia Pacific region is expected to grow at a higher CAGR in the coming years, driven by the increasing adoption of cloud-based financial analytics solutions among SMEs.
The financial analytics market is highly competitive, with several vendors offering a range of financial analytics solutions. Some of the key players in the financial analytics market include IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Fidelity National Information Services, Inc., TIBCO Software Inc., Hitachi Vantara Corporation, Teradata Corporation, Tableau Software, and QlikTech International AB.
In conclusion, the global financial analytics market is expected to grow significantly in the coming years, driven by the increasing adoption of advanced analytics solutions among organizations to optimize financial operations and improve profitability. The market can be segmented by component, deployment mode, organization size, vertical, and region, with the BFSI segment expected to dominate the market in the coming years. The financial analytics market is highly competitive, with several vendors offering a range of financial analytics solutions.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Alteryx
- Birst
- Domo
- Fair Isaac Corporation (FICO)
- Hitachi Vantara
- IBM
- Information Builders
- Microsoft Inc.
- Oracle Corporation
- Qlik
- Rosslyn Analytics
- SAP
- 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.
Breakup by Type:
- Database Management System (DBMS)
- Data Integration Tools
- Query, Reporting & Analysis
- Analytics Solutions
- Others
Breakup by Component:
- Solutions
- Financial Function Analytics
- Financial Market Analytics
- Services
- Managed Services
- Professional Services
Breakup by Application:
- Wealth Management
- Governance, Risk & Compliance Management
- Financial Forecasting & Budgeting
- Customer Management
- Transaction Monitoring
- Stock Management
- Others
Breakup by Organization Size:
- Large Enterprises
- Small & Medium Enterprises
Breakup by Vertical:
- BFSI
- Telecom & IT
- Manufacturing
- Government
- Education
- Others
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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
