Financial Analytics Market Size and CAGR by 2031
The Financial Analytics Market is expected to register a CAGR of 11.4% during 2023–2031. Growing technological advancement is likely to be a key trends in the market.
Financial Analytics Market Analysis
- Technologies like artificial intelligence (AI), machine learning and big data analytics are transforming the financial sector, which subsequently makes sophisticated analytics solutions necessary to uncover meaningful insights from big data.
- Apart from that, organizations are inclined towards risk management, regulatory compliance and fraud detection, raising the demand for financial analytical tools that let them manage the risks and comply with evolving regulations.
- Also, organizations in the financial sector have begun to adopt more customer-centric strategies and focus on delivering highly personalized financial services, therefore the analytics solutions that help them understand customer behavior and their needs deeply are in high demand.
Financial Analytics Market Overview
- Financial analytics is the evaluation of financial data using advanced analytical tools and techniques to provide insight and enhance decision-making within the realm of finance and business by providing insight into this process, which facilitates financial decisions.
- Financial analytics encompasses different categories, including the evaluation of financial performance, risk management, predictive modeling and strategic planning.
- This analysis covers a very broad range of activities, assessments and quantitative and qualitative techniques, enabling organizations to make informed decisions regarding financial resources and various complexities arising in financial markets, among others.
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Financial Analytics Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Financial Analytics Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Financial Analytics Market Drivers and Opportunities
Growing demand for cloud-based financial analytics solutions
- The need for cloud-based financial analytics solutions, due to their inherent benefits such as agility, scalability, speed of deployment, and 24x7 availability as compared to on-premise solutions, is one of the biggest driving factors of the financial analytics market.
- Organizations in the financial services sector are increasingly engaging in digital transformation initiatives and want to reduce their planning and budgeting cycles.
- In addition, increasing awareness about the benefits of financial analytics solutions, such as improving customer experience and getting a 360-degree view of the customer, has also led to a surge in the adoption of cloud-based financial analytics solutions.
The advent of real-time analytics
- The rapid emergence of real-time analytics creates an unprecedented business opportunity for the financial analytics market. Because companies need to become more agile and responsive throughout the decision-making process, the demand for real-time financial analytics solutions has increased exponentially.
- Real-time financial analytics allow companies to make decisions, envision trends, and respond to the market and customers. With real-time financial analytics, companies can improve decision-making by better understanding their customers and enable them to proactively manage risks, optimize cash flow and capitalize on market windows that are otherwise opaque or disappear if not immediately capitalized upon.
Financial Analytics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Financial Analytics Market analysis are component, deployment mode, organization size, application, and industry vertical.
- By component, the market is divided into solution and services.
- By deployment mode, the market is divided into on-premise and cloud.
- By organization size, the market is segmented into large enterprises and SMEs.
- By application, the market is segmented into wealth management, risk and compliance management, financial forecasting and budgeting, customer management, transaction monitoring, fraud detection and prevention, stock management, and others.
- By industry vertical, the market is segmented into BFSI, IT and telecom, manufacturing, retail and e-commerce, government, healthcare, and others.
Financial Analytics Market Share Analysis by Geography
- The Financial Analytics Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Financial Analytics Market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Financial Analytics Market in these regions.
Financial Analytics Market Report Scope
Financial Analytics Market News and Recent Developments
The Financial Analytics Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Financial Analytics Market are listed below:
- FICO launches its industry-leading cloud-based platform in India, pioneering Indian banks like HDFC Bank, Axis Bank, and AU Small Finance Bank are among the early adopters set to elevate customer satisfaction and drive innovation in the banking sector. FICO® Platform brings to market a suite of advanced decisioning and artificial intelligence capabilities tailored to empower local businesses. (Source: FICO, News, July 2023)
- Qlik announced it had closed its acquisition of Talend, expanding the company’s best-in-class capabilities for modern enterprises to access, transform, trust, analyze, and act with data. Qlik and Talend solutions are complementary, extending the capabilities in many vital areas such as data quality, transformation, application connectivity, and API services. (Source: Qlik, Press Release, November 2023).
Financial Analytics Market Report Coverage and Deliverables
The “Financial Analytics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Financial Analytics Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Financial Analytics Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Financial Analytics Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Financial Analytics Market.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global Financial Analytics Market is expected to grow at a CAGR of 11.4% during the forecast period 2023 - 2031.
Growing demand for cloud-based financial analytics solutions is one of the major factors driving the Financial Analytics Market.
Growing technological advancement is anticipated to play a significant role in the global Financial Analytics Market in the coming years.
The leading players operating in the Financial Analytics Market are IBM Corporation, Fair Isaac Corporation (FICO), Qlik Technologies Inc, Oracle, Microsoft Corporation, SAP AG, SAS Institute Inc, Tableau Software Inc, Teradata Corp, and TIBCO Software Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Financial Analytics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Financial Analytics Market - By Solution
3.2.2 Financial Analytics Market - By Services
3.2.3 Financial Analytics Market - By Application
3.2.4 Financial Analytics Market - By Deployment Type
3.2.5 Financial Analytics Market - By Industry Vertical
3.2.6 Market - By Region
3.2.6.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Financial Analytics Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 FINANCIAL ANALYTICS Market Analysis- Global
5.1 Global Financial Analytics Market Overview
5.2 Global Financial Analytics market forecast and analysis
6 Financial Analytics Market Revenue and Forecasts to 2028 -Component
6.1 Overview
6.2 Component market forecast and analysis
6.3 Solutions Market
6.3.1 Overview
6.3.2 Solutions market forecast and analysis
6.4 Services Market
6.4.1 Overview
6.4.2 Services market forecast and analysis
7 On Financial Analytics Market Revenue and Forecasts to 2028 - Solutions
7.1 Overview
7.2 Solutions market forecast and analysis
7.3 Data Base Management Solutions Market
7.3.1 Overview
7.3.2 Data Base Management Solutions market forecast and analysis
7.4 Analytical Solutions Market
7.4.1 Overview
7.4.2 Analytical Solutions market forecast and analysis
7.5 Visualization, Reporting and Analysis Tool Market
7.5.1 Overview
7.5.2 Visualization, Reporting and Analysis Tool market forecast and analysis
7.6 Others
7.6.1 Overview
7.6.2 Others market forecast and analysis
8 Financial Analytics Market Revenue and Forecasts to 2028 - Services
8.1 Overview
8.2 Services market forecast and analysis
8.3 Consulting Services Market
8.3.1 Overview
8.3.2 Consulting Services market forecast and analysis
8.4 Professional Services Market
8.4.1 Overview
8.4.2 Professional Services market forecast and analysis
9 Financial Analytics Market Revenue and Forecasts to 2028 - Deployment Type
9.1 Overview
9.2 Deployment type market forecast and analysis
9.3 On-Premise Deployment Market
9.3.1 Overview
9.3.2 On-Premise Deployment type market forecast and analysis
9.4 Cloud Deployment Market
9.4.1 Overview
9.4.2 Cloud Deployment type market forecast and analysis
9.5 Hybrid Deployment Market
9.5.1 Overview
9.5.2 Hybrid Deployment type market forecast and analysis
10 Market Revenue and Forecasts to 2028 - Application
10.1 Overview
10.2 Application market forecast and analysis
10.3 Payables Management Market
10.3.1 Overview
10.3.2 Payables Management market forecast and analysis
10.4 Receivable Management Market
10.4.1 Overview
10.4.2 Receivable Management market forecast and analysis
10.5 Budgetary Control Management Market
10.5.1 Overview
10.5.2 Budgetary Control Management market forecast and analysis
10.6 Asset and Liability Management Market
10.6.1 Overview
10.6.2 Asset and Liability Management market forecast and analysis
10.7 Others
10.7.1 Overview
10.7.2 Others market forecast and analysis
11 Financial Analytics Market Revenue and Forecasts to 2028 - Vertical
11.1 Overview
11.2 Vertical market forecast and analysis
11.3 BFSI Market
11.3.1 Overview
11.3.2 BFSI market forecast and analysis
11.4 IT and Telecommunication Market
11.4.1 Overview
11.4.2 IT and Telecommunication market forecast and analysis
11.5 Government Market
11.5.1 Overview
11.5.2 Government market forecast and analysis
11.6 Retail and Consumer Goods Market
11.6.1 Overview
11.6.2 Retail and Consumer Goods market forecast and analysis
11.7 Others Market
11.7.1 Overview
11.7.2 Others market forecast and analysis
12 Financial Analytics Market Revenue and Forecasts to 2028 - Geographical Analysis
12.1 North America
12.1.1 North America Financial Analytics market overview
12.1.2 North America Financial Analytics market forecast and analysis
12.1.2.1 North America market forecast and analysis - By Countries
12.1.2.1.1 US market
12.1.2.1.2 Canada market
12.1.2.1.3 Mexico market
12.1.2.2 North America market forecast and analysis - By Solution
12.1.2.3 North America market forecast and analysis - By Services
12.1.2.4 North America market forecast and analysis - By Application
12.1.2.5 North America market forecast and analysis - By Deployment Type
12.1.2.6 North America market forecast and analysis - By Vertical
12.2 Europe
12.2.1 Europe Financial Analytics market overview
12.2.2 Europe Financial Analytics market forecast and analysis
12.2.2.1 Europe market forecast and analysis - By Countries
12.2.2.1.1 France market
12.2.2.1.2 Germany market
12.2.2.1.3 Italy market
12.2.2.1.4 Spain market
12.2.2.1.5 UK market
12.2.2.2 Europe market forecast and analysis - By Solution
12.2.2.3 Europe market forecast and analysis - By Services
12.2.2.4 Europe market forecast and analysis - By Application
12.2.2.5 Europe market forecast and analysis - By Deployment Type
12.2.2.6 Europe market forecast and analysis - By Vertical
12.3 Asia pacific (APAC)
12.3.1 Asia Pacific Financial Analytics market overview
12.3.2 Asia Pacific Financial Analytics market forecast and analysis
12.3.2.1 Asia Pacific market forecast and analysis - By Countries
12.3.2.1.1 Australia market
12.3.2.1.2 China market
12.3.2.1.3 India market
12.3.2.1.4 Japan market
12.3.2.2 Asia Pacific market forecast and analysis - By Solution
12.3.2.3 Asia Pacific market forecast and analysis - By Services
12.3.2.4 Asia Pacific market forecast and analysis - By Application
12.3.2.5 Asia Pacific market forecast and analysis - By Deployment Type
12.3.2.6 Asia Pacific market forecast and analysis - By Vertical
12.4 Middle East and Africa (MEA)
12.4.1 Middle East and Africa Financial Analytics market overview
12.4.2 Middle East and Africa Financial Analytics market forecast and analysis
12.4.2.1 Middle East and Africa market forecast and analysis - By Countries
12.4.2.1.1 South Africa market
12.4.2.1.2 Saudi Arabia market
12.4.2.1.3 UAE market
12.4.2.2 Middle East and Africa market forecast and analysis - By Solution
12.4.2.3 Middle East and Africa market forecast and analysis - By Services
12.4.2.4 Middle East and Africa market forecast and analysis - By Application
12.4.2.5 Middle East and Africa market forecast and analysis - By Deployment Type
12.4.2.6 Middle East and Africa market forecast and analysis - By Vertical
12.5 South America (SAM)
12.5.1 South America Financial Analytics market overview
12.5.2 South America Financial Analytics market forecast and analysis
12.5.2.1 South America market forecast and analysis - By Countries
12.5.2.1.1 Brazil market
12.5.2.2 South America market forecast and analysis - By Solution
12.5.2.3 South America market forecast and analysis - By Services
12.5.2.4 South America market forecast and analysis - By Technology
12.5.2.5 South America market forecast and analysis - By Application
12.5.2.6 South America market forecast and analysis - By Deployment Type
12.5.2.7 South America market forecast and analysis - By Vertical
13 Industry Landscape
13.1 Mergers & acquisitions
13.2 Market Initiatives
13.3 New developments
13.4 Investment scenarios
14 Competitive Landscape
14.1 Competitive Product mapping
14.2 Market positioning/ market share
15 Financial Analytics Market, Key Company Profiles
15.1 Deloitte Touche Tohmatsu Limited
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Hitachi Consulting Corporation
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Information Builders
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Fair Isaac Corporation (FICO)
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Microsoft Corporation
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Teradata Corp
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Tableau Software Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Rosslyn Analytics Ltd
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 SAS Institute Inc.
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 SAP AG
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16 Appendix
16.1 About The Insight Partners
16.2 Glossary of Terms
16.3 Research Methodology
Companies List
- Deloitte Touche Tohmatsu Limited
- Hitachi Consulting Corporation
- Information Builders
- Fair Isaac Corporation (FICO)
- Microsoft Corporation
- Teradata Corp
- Tableau Software Inc.
- Rosslyn Analytics Ltd
- SAS Institute Inc.
- SAP AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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