Financial Analytics Market Estimated to Reach US$ 17.5 Billion Globally By 2027 | CAGR of 11.39%

According to IMARC Group latest report titled "Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on financial analytics market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global financial analytics market reached a value of US$ 9.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2027, exhibiting a CAGR of 11.39% during 2022-2027.

Financial analytics represent the procedures of investigating the financial statements of an organization using software-based programs. They involve the use of several tools and services, such as database management systems (DBMS), data integration tools, analytics solutions, and others. Financial analytics aim to forecast economic scenarios and offer accurate business insights. They prove highly effective in improving business strategy, enhancing routine decision-making, and facilitating improved asset and liability management, compliance and risk management, and budgetary control. As a result, financial analytics find extensive applications across numerous sectors, including banking, financial services, education, healthcare, manufacturing, information technology (IT), etc.

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Market Trends:

The emerging trend of digitization and the increasing adoption of cloud computing across countries are among the key factors driving the financial analytics market. In line with this, the rising focus among various medium- and large-scale organizations on adopting advanced analytic solutions for efficient budgeting and financial planning is acting as another significant growth-inducing factor. Moreover, the escalating usage of the services to track customer behavior and monitor revenue generation and expenses and ensure optimum utilization of resources is also positively influencing the market growth. Apart from this, the growing integration of machine learning (ML) and artificial intelligence (AI) with financial analytics to facilitate enhanced accuracy and resilience of financial decisions and improve risk mitigation and fraud detection capabilities is further stimulating the global market. In addition to this, the expanding e-commerce segment, the elevating need to process large amounts of unstructured information to make data-driven organizational decisions, and the development of advanced business intelligence (BI) and big-data business analysis (BA) tools are expected to fuel the financial analytics market over the forecasted period.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/financial-analytics-market

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• 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 (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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