Financial Analytics Market Size Forecasted To Achieve $18.25 Billion By 2029 With Steady Growth

The Financial Analytics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Financial Analytics Market Size and Projected Growth Rate?
In recent times, there has been a swift expansion in the size of the financial analytics market. It is projected to increase from a substantial $10.44 billion in 2024 to an even more significant $11.56 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.7%. The growth observed in the historical period is the result of an explosion of data in the finance sector, regulatory compliance requirements, the need for instant insights, risk management necessities, an upsurge in the complexity of financial instruments, and strategic decision-making procedures.

In the ensuing years, a swift expansion is predicted for the financial analytics market. The market value is projected to reach $18.25 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.1%. This growth during the projected period is influenced by factors such as client-focused strategies, the worldwide expansion of financial markets, issues of cybersecurity, and open banking campaigns. The forecast period is characterized by significant trends including advanced analytics and artificial intelligence (AI), cloud-oriented financial analytic solutions, the application of big data analytics, customization in financial services, blockchain and cryptocurrency analytics, and enhancement of employee productivity and efficiency.

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What Are the Major Segments in the Financial Analytics Market?
The financial analytics market covered in this report is segmented -

1) By Component: Solution
2) By Deployment Mode: On-Premise, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Sized Enterprises
4) By Application: Wealth Management, Governance, Risk And Compliance Management, Financial Forecasting And Budgeting, Customer Management, Transaction Monitoring, Stock Management, Other Applications
5) By Industry Vertical: BFSI, IT And Telecom, Manufacturing, Retail And E-Commerce, Government, Healthcare, Other Industries

Subsegments:
1) By On-Premise: Installed Software, Custom Solutions
2) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud

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What Are The Driving Financial Analytics Market Evolution?
The rise of big data is propelling the growth of the financial analytics market. Large and increasingly sophisticated data sets arriving in voluminous amounts from a variety of origins characterizes big data. It has led to the deployment of financial analytics solutions that are capable of processing large volumes of data to deliver valuable outcomes. For instance, G2, a US-based software marketplace, released data in February 2024 which revealed that a significant 92% of data administrators and IT professionals are planning to implement generative AI by 2024. Additionally, almost two-thirds of digital leaders predict that big data and analytics will prioritize the technologies needed for a competitive advantage, and organizations with advanced data and analytics maturity have witnessed a 82% increase in year-over-year revenue growth over the last three years. As a result, the rise of big data is fueling the expansion of the financial analytics market.

Which Firms Dominate The Financial Analytics Market Segments?
Major companies operating in the financial analytics market are Alteryx Inc., Infor Inc., Domo Inc., Fair Isaac Corporation, GoodData Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rosslyn Data Technologies PLC, SAP SE, SAS Institute Inc., Teradata Corporation, TIBCO Software Inc., RIB Datapine GmbH, Salesforce Inc., Deloitte Touche Tohmatsu Limited, Hitachi Vantara Corporation, Databricks Inc., SparkCognition Inc., Fraud.net Inc., Ecolytiq GmbH, Elementus, MindBridge Analytics Inc., Moody's Corporation, Ellevest

What Trends Are Expected to Dominate the Financial Analytics Market in the Next 5 Years?
The use of artificial intelligence (AI) is becoming increasingly prevalent in the financial sector, marking a major trend in the financial analytics market. Major players in the field of financial analytics are utilizing AI to gain a competitive advantage. For instance, Prophix, a Corporate Performance Management (CPM) software firm based in Canada, introduced the finance industry's first virtual financial analyst in February 2022. This AI-powered virtual assistant, which uses natural language to enhance CPM efficiency, is often used by finance teams in mid-sized companies to automate their financial planning, budgeting, and forecasting. By automating these data-heavy, time-consuming tasks, finance experts can focus on more strategic duties that have a bigger impact on the company's bottom line. Hence, conversational AI and other advanced technologies are perfect fits for the financial planning and analysis (FP&A) industry.

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Which Is The Largest Region In The Financial Analytics Market?
North America was the largest region in the financial analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the financial analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Financial Analytics Market?
2. What is the CAGR expected in the Financial Analytics Market?
3. What Are the Key Innovations Transforming the Financial Analytics Industry?
4. Which Region Is Leading the Financial Analytics Market?

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