Financial Analytics Market – Global Industry Analysis and Forecast (2023-2029)

Financial Analytics Market was valued at US$ 9.13 Bn. in 2022 and is expected to reach US$ 19.32 Bn. by 2029, at a CAGR of 11.3% during a forecast period.

Financial Analytics Market Overview:

Financial analytics is a concept that provides several perspectives on a company's financial data. It assists in providing in-depth knowledge and taking strategic actions against them in order to improve the overall business performance. financial analysis is an assessment of a company’s viability as well as its profitability. Financial analysis is carried out by specialists who use information derived from financial statements and other reports. One of the most useful applications of financial analysis is forecasting potential future financial scenarios. Financial analysis software is used for analytics to speed up the process and provide the data in a form that clients can understand.Financial Analytics MarketTo know about the Research Methodology :- Request Free Sample Report

COVID-19 Impact on Financial Analytics Market:

The spread of COVID 19 has unexpected implications for global industries. During this time, the financial analytics market is facing certain problems. In this situation, technology implementation is tough. Another constraint of this sector is the slowdown in output. The deployment and other market operations are disrupted as a result of social distancing and lockdowns. During this time, the market is improving its financial functions. Market participants take use of this opportunity to create technological advancements. Market advances will result in higher-end features. Furthermore, corporate intelligence and decision-making capabilities are being developed. Furthermore, these high-end financial analytic tools might be a fantastic strategic partner for the firm. These decisions affecting technological advancement have the potential to enhance demand. The market is transforming their company models in response to the current circumstances.

Financial Analytics Market Dynamics:

Financial analysis is an area that provides different views of a company's financial data. It helps companies calculate financial statements and also helps to predict future financial conditions. On the basis of financial analysis, three business models have been developed-business-to-business, business-to-consumer, and business-to-employee. In addition, financial analysis helps to improve business processes, understand organizational performance, manage company investments, and measure and manage the value of organizational tangible and intangible assets. The growing demand for real-time analysis in financial systems and the increasing penetration of the Internet of Things (IoT) are key factors driving the growth of the global financial analysis market. In addition, the increasing adoption rate of cloud services and solutions, as well as increased awareness of the use of financial analysis, are other factors that are expected to drive the growth of the global financial analysis market during the forecast period. However, concerns about data security are a significant obstacle to the global financial analytics market's growth. Furthermore, challenges with internet connectivity in developing economies are expected to hinder the growth of global financial analytics data over the forecast period. The growing desire for big data analytics and the use of business intelligence (BI) in company processes is a prominent and emerging trend in the global financial analytics market. This is another aspect that is expected to contribute to the growth of the global financial analytics market over the forecast period. There is an increase in the number of digitization and financial analytics initiatives. These causes are to blame for the financial analytics market's growth. The rise of big data is fueling the growth of the financial analytics market. Enterprises have a high demand for data-driven performance. As a result, significant payers are taking the initiative to adopt additional financial analytics systems. Furthermore, in the forecast period, there will be an increase in awareness of financial analytics. Companies did not require financial analytic solutions.

Financial Analytics Market Segment Analysis:

Based on Deployment Type, the cloud segment held the largest market share of xx% in 2022, owing to some of the primary reasons for cloud-based financial analytics solution adoption are speed of implementation, simplicity of scaling, and data accessibility. Because the majority of firms want to improve their financial performance, cloud-based solutions are essential because they have lower operational, maintenance, and installation cost. Because of customizable solutions and ease of adoption, developing economies in APAC, MEA, and Latin America are expected to grow faster in the financial analytics market. Based on End-User, the BFSI segment held the largest market share of xx% in 2022. This can be attributed to an increase in financial analytics-as-a-service deployment in this sector as a result of its potential to improve general ledger, budgetary control, asset and liability management, and compliance management and risk. Banking sector is the fastest growing sector in India. The India’s BFSI sectors dominated by public sector bank, which held 70% market share.Financial Analytics Market

Financial Analytics Market Regional Insights:

North America held the largest market share of xx% in 2022, owing to increasing awareness of the uses of analytics solutions, a strong focus on innovation, and an organizational focus on improving customer experience are some of the primary drivers of market growth in North America. Retail and healthcare, in addition to banking and finance, are significant verticals driving the growth of the financial analytics market in North America. Businesses employ financial analytics tools to improve financial forecasting and wealth management practices. Because of increased awareness and appropriate government programmers, Asia Pacific is expected to see significant growth in the financial analytics industry. Furthermore, the requirement for information storage and analysis is increasing as a result of increased data generation, which is likely to drive the growth of the financial analytics market in the area during the forecast period.

Recent Developments:

Oracle launched Oracle Dedicated Region Cloud@Customer for its customers in July 2022. It is the industry's first completely managed cloud region, bringing all of Oracle's public cloud services to customer datacenters, including Oracle Autonomous Database and Cloud apps. Enterprises get the same entire range of contemporary cloud services, APIs, industry-leading SLAs, superior price-performance, and highest levels of security accessible from Oracle's public cloud regions in their own datacenters with this solution. Customers include the Japanese Nomura Research Institute (NRI) and the Oman Information and Communications Technology Group. In February 2021, Microsoft built a new datacenter region in Spain and expanded its strategic cooperation with Telefónica in order to boost Spain's competitiveness. Under their strategic cooperation, the two firms will build collaborative go-to-market strategy in all Telefónica's operating countries. Microsoft's cloud services, including Microsoft Azure, Microsoft 365, Microsoft Dynamics 365, and Microsoft Power Platform, will be delivered from new datacenter areas in Spain. The objective of the report is to present a comprehensive analysis of the Financial Analytics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Financial Analytics market dynamics, structure by analyzing the market segments and projects the Financial Analytics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Financial Analytics market make the report investor’s guide.

Financial Analytics Market Scope: Inquire before buying

Financial Analytics Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 9.13 Bn.
Forecast Period 2023 to 2029 CAGR: 11.3% Market Size in 2029: US $ 19.32 Bn.
Segments Covered: by Deployment Type Cloud On-premise
by Organization Size Small & Medium  Enterprise (SME) Larger Enterprise
by Application Asset and liability management Budgetary control management General ledger management Payable management Profitability management Others
by End-User BFSI Food & Beverages Transportation & Logistics Consumer goods & Retail Healthcare Others

Financial Analytics Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Financial Analytics Market Key Players are:

1. SAP SE 2. IBM 3. Oracle Corporation 4. TIBCO Software Inc. 5. MicroStrategy Inc. 6. Deloitte 7. Hitachi Consulting Corporation 8. Information Builders 9. Fair Isaac Corporation (FICO) 10.Microsoft Corporation 11.Symphony Teleca Corp. 12.Teradata Corp 13.Tableau Software Inc. 14.Rosslyn Analytics Ltd. 15.SAS Institute Inc. 16.Google 17.Domo, Inc. 18.Birst, Inc. 19.GoodData Corporation 20.Zoho Corporation Pvt. Ltd.

Frequently Asked Questions:

1. Which region has the largest share in Financial Analytics Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Financial Analytics Market? Ans: The Financial Analytics Market is growing at a CAGR of 11.3% during forecasting period 2023-2029. 3. What segments are covered in Market? Ans: Financial Analytics Market is segmented into deployment, organization size, application, end users and region. 4. Who are the key players in Financial Analytics Market? Ans: The important key players in the Financial Analytics Market are – SAP SE, IBM, Oracle Corporation, TIBCO Software Inc., MicroStrategy Inc., Deloitte , Hitachi Consulting Corporation, Information Builders, Fair Isaac Corporation (FICO), Microsoft Corporation, Symphony Teleca Corp., Teradata Corp, Tableau Software Inc., Rosslyn Analytics Ltd., SAS Institute Inc., Google. 5. What is the study period of this Market? Ans: The Financial Analytics Market is studied from 2022 to 2029.
1. Global Financial Analytics Market: Research Methodology 2. Global Financial Analytics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Financial Analytics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Financial Analytics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Financial Analytics Market Segmentation 4.1. Global Financial Analytics Market, by Deployment Mode (2022-2029) • Cloud • On-premises 4.2. Global Financial Analytics Market, by Organization size (2022-2029) • Small & Medium Enterprises • Large Enterprises 4.3. Global Financial Analytics Market, by Application (2022-2029) • Asset and liability management • Budgetary control management • General ledger management • Payable management • Profitability management • Others 4.4. Global Financial Analytics Market, by End user (2022-2029) • BFSI • Food & Beverages • Transportation & Logistics • Consumer goods & Retail • Healthcare • Others 5. North America Financial Analytics Market(2022-2029) 5.1. North America Financial Analytics Market, by Deployment Mode (2022-2029) • Cloud • On-premises 5.2. North America Financial Analytics Market, by Organization size (2022-2029) • Small & Medium Enterprises • Large Enterprises 5.3. North America Financial Analytics Market, by Application (2022-2029) • Asset and liability management • Budgetary control management • General ledger management • Payable management • Profitability management • Others 5.4. North America Financial Analytics Market, by End user (2022-2029) • BFSI • Food & Beverages • Transportation & Logistics • Consumer goods & Retail • Healthcare • Others 5.5. North America Financial Analytics Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Financial Analytics Market (2022-2029) 6.1. European Financial Analytics Market, by Deployment Mode (2022-2029) 6.2. European Financial Analytics Market, by Organization size (2022-2029) 6.3. European Financial Analytics Market, by Application(2022-2029) 6.4. European Financial Analytics Market, by End user(2022-2029) 6.5. European Financial Analytics Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Financial Analytics Market (2022-2029) 7.1. Asia Pacific Financial Analytics Market, by Deployment Mode (2022-2029) 7.2. Asia Pacific Financial Analytics Market, by Organization size (2022-2029) 7.3. Asia Pacific Financial Analytics Market, by Application(2022-2029) 7.4. Asia Pacific Financial Analytics Market, by End user(2022-2029) 7.5. Asia Pacific Financial Analytics Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Financial Analytics Market (2022-2029) 8.1. Middle East and Africa Financial Analytics Market, by Deployment Mode (2022-2029) 8.2. Middle East and Africa Financial Analytics Market, by Organization size (2022-2029) 8.3. Middle East and Africa Financial Analytics Market, by Application(2022-2029) 8.4. Middle East and Africa Financial Analytics Market, by End user(2022-2029) 8.5. Middle East and Africa Financial Analytics Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Financial Analytics Market (2022-2029) 9.1. Latin America Financial Analytics Market, by Deployment Mode (2022-2029) 9.2. Latin America Financial Analytics Market, by Organization size (2022-2029) 9.3. Latin America Financial Analytics Market, by Application(2022-2029) 9.4. Latin America Financial Analytics Market, by End user(2022-2029) 9.5. Latin America Financial Analytics Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. SAP SE 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. IBM 10.3. Oracle Corporation 10.4. TIBCO Software Inc. 10.5. MicroStrategy Inc. 10.6. Deloitte 10.7. Hitachi Consulting Corporation 10.8. Information Builders 10.9. Fair Isaac Corporation (FICO) 10.10. Microsoft Corporation 10.11. Symphony Teleca Corp. 10.12. Teradata Corp 10.13. Tableau Software Inc. 10.14. Rosslyn Analytics Ltd. 10.15. SAS Institute Inc. 10.16. Google 10.17. Domo, Inc. 10.18. Birst, Inc. 10.19. GoodData Corporation 10.20. Zoho Corporation Pvt. Ltd.

About This Report

Report ID 63248
Category Information Technology & Telecommunication
Published Date July 2023
Updated Date
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