Financial Analytics Market - Share, Growth, Trends, Forecasts (2021 - 2027)
Financial Analytics Market Scenario:
The global Financial
Analytics Industry is
expected to register a CAGR of 10.4% during the forecast period to reach USD
11.58 billion by 2027. A financial analytics software enablesfinancial managers and other
executives to spend minimum time in collecting financial and operational data.
The time is instead utilized for modeling scenarios and forecasting results.
The software provides financial business intelligence which gives a 360-degree
view of the entire business.
The executives gain enhanced visibility into costs, resources, and
performance; this helps them in improving accuracy, efficiency, controls, and
auditability thus enabling them in making major strategic decisions. The major
factors boosting market growth are the need for data driven financial decisions
in the end users. Advancements in business intelligence (BI) and business
analytics tools is also driving market growth. Also, the technological
advancements in artificial intelligence (AI) and machine learning, and the
growing adoption of predictive analytics offer lucrative opportunities for
solution providers in the market. However, concerns regarding privacy and
security can prove to be restraints for market growth.
The crippling effect of the global COVID-19 pandemic has
detained the growth potential of the Financial Analytics Market. This MRFR
report on the Financial Analytics Market indicates critical pointers that may
emerge as growth hubs in the future. Moreover, in-depth data analysis is
estimated to offer a clearer growth perspective to market participants.
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Competitive Outlook:
The key players in the global
financial analytics market are Fair Isaac Corporation (US), Oracle Corporation
(US), TIBCO Software Inc. (US), IBM Corporation (US), Zoho Corporation (India),
Google (US), SAP (Germany), MicroStrategy Incorporated (US), TABLEAU SOFTWARE
(US), Teradata (US), SAS Institute Inc. (US), Rosslyn Data Technologies (UK),
Deloitte Touche Tohmatsu Limited (US), QlikTech International AB (US) and
ALTERYX, Inc. (US).
Segmentation:
· By component, the global financial
analytics market has been divided into software and services. The software
segment is expected to have a larger market share, while the services segment
is projected to register the higher CAGR during the forecast period.
· Based on deployment mode, the
market has been segmented into cloud-based and on-premise. The cloud-based
segment is expected to exhibit higher CAGR during the forecast period due to
the increasing adoption of the cloud technology globally.
· Based on organization size,
the market has been segmented into large enterprises and small and medium
enterprises (SME). The large enterprises segment is expected to have a greater
market size during the review period. Large organizations extensively deploy
financial analytics to optimize employee productivity.
· The application segments of
the global financial analytics market has been divided into governance, risk,
and compliance management; customer management, wealth management, financial
forecasting and budgeting, transaction monitoring, stock management, fraud
detection and prevention, and others.
Regional
Analysis:
The global financial analytics
market has been segmented into North America, Europe, Asia-Pacific, and the
rest of the world. North America is expected to be the largest market with the
US being a technologically advanced country deploying these solutions with the
maximum number of leading market players.
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Table
of Contents:
1.Executive
Summary
2
Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Buying Criteria
2.5 Macro Factor Indicator Analysis
3
Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4
Market Insights
Continued….
Read More:
1. https://vlog1292.blogspot.com/2021/08/future-analysis-for-artificial.html
2. https://telegra.ph/Event-Stream-Processing-Industry-Growth-Forecast-2020-2027-08-12
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