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Financial Analytics Market

Financial Analytics Market Forecasts to 2028 – Global Analysis By Deployment (Cloud, On-Premise, Hybrid), Organization Size (Small and Medium Enterprises, Large Enterprises) and By Geography

4.0 (63 reviews)
Published: October 2021 ID: SMRC20977
4.0 (63 reviews)
Published: October 2021 ID: SMRC20977

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Financial Analytics Market is accounted for $8.46 billion in 2020 and is expected to reach $22.01 billion by 2028 growing at a CAGR of 12.7% during the forecast period. Factors such as growing demand for cloud-based solutions and the development of big data are driving the growth of the market. However, issues related to privacy and data security are hampering the growth of the market.

Financial analytics offers distinct views on the financial data of a business. It aids in getting in-depth knowledge which can be used to improvise a business. It also aids companies to improvise income statements and business procedures.

Based on the deployment, the cloud segment is anticipated to expand at a rapid pace during the forecast period owing to its less operational, maintenance and installation costs. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing awareness about applications of analytics solutions.

Some of the key players profiled in the Financial Analytics Market include Microsoft Corporation, IBM Corporation, Oracle Corporation, Deloitte, Tableau Software, SAP SE , Hitachi Consulting, Hewlett-Packard Enterprise (HPE), Teradata Corporation, Symphony Teleca Services, Inc., Microstrategy, Rosslyn Analytics Limited, Information Builders, Fico, SAS, and Tibco.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 8.46 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

12.7%

Predicted 2028 Value:

USD 22.01 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

409

Chapters Covered:

Deployment, Type, Component, Organization Size, Application, End User, and Region

Core Drivers and Opportunities:

  • Increasing demand for cloud-based solutions
  • Development of big data
  • Increasing adoption of predictive analytics

Restraining Factors & Market Threats:

  • Issues related to privacy and data security
  • Strict regulations and financial standards


Deployments Covered:
• Cloud
• On-Premise
• Hybrid

Types Covered:
• Database Management System (DBMS) 
• Query, Reporting and Analysis 
• Data Integration Tools 
• Analytical Solutions 
• Online Analytical Processing (OLAP) and Visualization Tools      

Components Covered:
• Software
• Solutions
• Services 

Organization Sizes Covered:
• Small and Medium Enterprises
• Large Enterprises

Applications Covered:
• Payables Management
• Receivables Management
• Profitability Management
• Budgetary Control Management
• Wealth Management
• Governance, Risk, and Compliance Management
• General Ledger Management
• Fraud Detection and Prevention
• Customer Management
• Transaction Monitoring
• Operation Management
• Treasury Management 
• Accounting and Financial Reporting
• Claim Management & Insurance Management
• Planning, Financial Forecasting and Budgeting
• Stock Management

End Users Covered:
• Banking, Financial Services and Insurance (BSFI)
• Government & Public Sector
• Retail and Ecommerce
• Pharmaceuticals
• Media and Entertainment
• Food & Beverages
• Transportation and Logistics
• Travel and Hospitality
• Manufacturing & Automotive
• Healthcare and Life Science
• Energy and Utilities
• Consumer Goods
• Telecommunication and Information Technology
• Education
• Real Estate

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Financial Analytics Market is majorly driven by growing demand for cloud-based solutions and the development of big data.

The small and medium enterprises segment is growing at a highest CAGR owing to the increasing need to reduce unnecessary costs and achieve higher returns on the investment.

North America dominated with a significant market share due to the factors such as growing awareness about analytics solutions and strong focus on providing better customer experience.

Asia Pacific market is growing at a highest CAGR owing to the increasing adoption of analytical solutions by various growing industries of the region.

Key players in Financial Analytics Market include Microsoft Corporation, IBM Corporation, Oracle Corporation, Deloitte, Tableau Software, SAP SE, Hitachi Consulting, Hewlett-Packard Enterprise (HPE), Teradata Corporation, Symphony Teleca Services, Inc., Microstrategy, Rosslyn Analytics Limited, Information Builders, Fico, SAS, and Tibco.

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