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Big Data Analytics in Banking Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

09-07-2023 05:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Big Data Analytics in Banking Market Share, Trends, Future

The global big data analytics in banking market is anticipated to grow at a CAGR of 28.5% during the forecast period. The increase in the cloud deployment and maintenance of huge records of transactions is propelling the growth of big data analytics in banking market. Thousands of data are recoded by banks in the form of transactions. Big data analytics provide a platform for the easy record of these transactions. In addition to this, big data analytics enables the banks to understand the customer behavior and preferences based on the inputs received from various insights that include investment patterns, shopping trends, motivation to invest, and personal or financial background. Furthermore, it also helps in the detection of fraud. For instance, in February 2020 Oracle's Financial Crime and Compliance Management (FCCM) suite of products added an integrated analytics workbench, 300-plus customer risk indicators, and embedded graph analytics visualizations. These were built to help financial institutions fight money laundering and achieve compliance.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/big-data-analytics-in-banking-market

The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including acquisition, technological advancement, and product innovation, to remain competitive in the marketplace. For instance, in February 2020 - The Central Bank of Libya in Tripoli has upgraded its current FLEXCUBE solution that is offered by Oracle Corporation. FLEXCUBE supports the banks to meet customers' evolving expectations for more digital, responsive, and connected experiences. In addition to this, the integrated solution also helps the banking staff with critical insights and helps to improve operations.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Deployment Type

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- IBM Corp., SAP SE, Oracle Corp., Tableau System, LLC, Microsoft Corp., and others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Big Data Analytics in Banking Market Report Segment

By Deployment Type

On-Premise
Cloud

By Application

Fraud Detection and Management
Customer Relationship Management
Feedback Management
Risk Management
Others

A full report of Big Data Analytics in Banking Market is available at: https://www.omrglobal.com/industry-reports/big-data-analytics-in-banking-market

Big Data Analytics in Banking Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Adobe Systems,Inc.
Alteryx, Inc.
com, Inc.
Aspire Systems,Inc.
BigPanda, Inc.
Fractal Analytics Inc.
Gainsight, Inc.
Google, LLC
Hitachi Solutions, Ltd.
IBM Corp.
Microsoft Corp.
Nimbix, Inc.
Oracle Corp.
PeerIQ (CRB Group, Inc.)
com, Inc.
SAP SE

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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