Key Trends Influencing the Growth of the Financial Analytics Market in 2025: Revolutionizing Financial Analytics Through The Impact Of AI-Powered Virtual Assistants In The FP&A Sector

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What Is the Expected CAGR for the Financial Analytics Market Through 2025?
The expansion of the financial analytics market has been swift in the past few years. The market, which is set to climb from $10.44 billion in 2024 to $11.56 billion in 2025, anticipates a compound annual growth rate (CAGR) of 10.7%. The significant growth experienced in the past can be credited to a boom in financial data, regulatory compliance requirements, the need for immediate insights, risk management necessities, growing intricacy in financial tools, and strategic decision-making processes.

What's the Projected Size of the Global Financial Analytics Market by 2029?
The size of the financial analytics market is anticipated to experience a swift expansion in the coming years, escalating to a worth of $18.25 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 12.1%. The development in the projected period can be credited to a focus on customer-oriented strategies, the global reach of financial markets, cybersecurity issues, and the encouragement of open banking. Predicted trends within this period incorporate the integration of advanced analytics and artificial intelligence (AI), adoption of financial analytics based in the cloud, the application of big data analytics, customization in financial services, exploration of blockchain and cryptocurrency analytics, and the enhancement of employee productivity and efficiency.

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Top Growth Drivers in the Financial Analytics Industry: What's Accelerating the Market?
The rise of big data is propelling the financial analytics market forward. Big data denotes sizable, complex data sets that are accumulating at an increasing rate from assorted data sources. This advent of big data in financial decision-making has resulted in solutions like financial analytics capable of handling large data volumes and offering crucial solutions. For example, in February 2024, data released by G2, a software marketplace based in the US, revealed that a whopping 92% of data administrators and IT professionals forecast the implementation of generative AI in production by 2024. Almost two-thirds of digital leaders believe that big data and analytics will be the pivotal technologies for gaining a competitive edge. Simultaneously, 82% of organizations possessing advanced data and analytics maturity have witnessed positive annual revenue growth over the previous three years. Hence, the rise of big data is fueling the expansion of the financial analytics market.

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What Trends Will Shape the Financial Analytics Market Through 2029 and Beyond?
The incorporation of artificial intelligence (AI) into the financial sphere is increasing, signifying a crucial trend in the financial analytics market. Major players in financial analytics are utilizing AI to build a competitive advantage. For example, in February 2022, Prophix, a Canada-based Corporate Performance Management (CPM) software firm, introduced the industry's first virtual financial analyst, an AI-enabled virtual assistant that harnesses natural language to enhance CPM efficiency. Prophix's software is used by mid-sized companies' finance departments to automate their financial planning, budgeting, and forecasting functions. By automating these data-driven and time-consuming tasks, finance experts can focus on more strategic tasks that have a significant impact on the company's bottom line. In light of this, conversational AI and other advanced technologies are perfectly suited for the financial planning and analysis (FP&A) industry.

What Are the Main 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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Which Top Companies are Driving Growth in the Financial Analytics Market?
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

Which Regions Will Dominate the Financial Analytics Market Through 2029?
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.

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