Financial Analytics industry insights shared in detailed research report by 2025
According to a new report published by Reports Monitor titled, “Global Financial analytics Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the financial analytics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Financial analytics is a field that gives different perspectives of a company’s financial data. It is a part of business intelligence and business analytics market where data intensity is high and that focuses on the finance function across the organization. It helps an organization to gain the in depth knowledge and take any course of action which can improve the organization’s business performance. It plays a major role in calculating and analyzing the profit statement of a business. It also allows business to forecast and take better decisions.
The increased complexity in the business models and changing role in the financial functions are major reasons of the growing financial analytics market. With the advancement of technologies business are also becoming more complex, hence analytics provide the answer to such queries. The integrated financial analytics allows the organization to share financial information inside and outside the organization, this need for integrated financial analytics is driving the market. Also the real-time data analysis and decision making is increasing the penetration of financial analytics software in the industry. However, the rise in cyberattacks and data breaches by the hackers and cyber criminals restricts the end users to deploy financial analytics solutions and thereby preventing the financial analytics market growth. The increased financial risks, frauds and rising demand for cloud analytics have created a huge opportunities for financial analytics in coming years.
This report provides a detailed analysis of financial analytics market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global financial analytics market is based on the type, deployment type, organization size and end users. On the basis of type the global financial analytics market is segmented into database management system (DBMS), data integration tools, query, reporting, and analysis, analytics solutions and others. On the basis of deployment the global financial analytics market is segmented into on-premises and cloud. On the basis of organization size the global financial analytics market is segmented into large enterprise and small & medium enterprises. On the basis of end the global financial analytics market is segmented into banking, financial securities and insurance (BFSI). Manufacturing, government, education and others.
Based on the geographical regions covered, the financial analytics market is analyzed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA).
Key players in the financial analytics industry includes Hitachi Consulting, Microsoft Corporation, Oracle Corporation, IBM Corporation, Information Builders, Rosslyn Analytics Limited, SAP SE, Symphony Teleca Services, Inc., Teradata Corporation.
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