Financial Analytics Market

Global Financial Analytics Market Size (2024 to 2029)

The global financial analytics market size is expected to reach USD 8.63 billion in 2024 and USD 14.81 billion by 2029, growing at a CAGR of 11.4% during the forecast period.

In an economic environment characterized by volatility, uncertainty, and high risk, financial planning, management, and forecasting solutions provide the speed, agility, and foresight clients need to be competitive. By using them, customers can synthesize information, discover trends, and provide information to improve decision-making across the enterprise. Besides, the increasing emphasis on end-user data-driven financial decisions and the emergence of big data requires solutions that can handle large amounts of data and provide valuable information, driving the demand for these solutions.

REPORT COVERAGE

KEY MARKET PARTICIPANTS IN THE GLOBAL FINANCIAL ANALYTICS MARKET

The major companies operating in the global financial analytics market include Oracle (US), IBM (US), Teradata (US), TIBCO Software (US), SAP (Germany), SAS Institute (US), Alteryx (US), Qlik (US), FICO (US), GoodData (US), Birst (US), Google (US), Information Builders (US), Zoho Corporation (US), Domo (US), and others.

RECENT HAPPENINGS IN THE GLOBAL FINANCIAL ANALYTICS MARKET

• In January 2018, BT announced a partnership with IBM Corporation. With Cloud Connect Direct for IBM, BT customers will receive an IBM cloud connection to access computing, networking, and storage infrastructures, artificial intelligence, blockchain, IoT, data capabilities, and analysis.

• In December 2017, Microsoft launched Azure Stack in India in December 2017 to boost cloud computing. It offers all three forms of cloud (private, public, and hybrid) to its customers. Microsoft is focused on nurturing innovation and accelerating the country's digital transformation with Azure Stack, which makes cloud computing more agile than on-premise environments.

• In February 2019, Oracle Financial Services Global Business Unit collaborated with Blue Prism, a robotic process automation (RPA) software vendor, to integrate the Financial Crime Management and Compliance Suite Services into Digital Workforce from Blue Prism.

• In January 2019, SAP announced the release of its new S / 4 Hana Large Ledger for Financial Products. The solution provides a central hub for managing data between operational and financial systems, streamlining accounting flows, and supporting increased transparency and control. It also helps organizations analyze data for financial steering.

DETAILED SEGMENTATION OF THE GLOBAL FINANCIAL ANALYTICS MARKET INCLUDED IN THIS REPORT

This global financial analytics market research report has been segmented and sub-segmented based on the solution, application, industry vertical, and region.

By Solution

• Financial Functions Analytics

• Financial Market Analytics

By Application

• Wealth Management

• Transaction Monitoring

• Customer Management

By Deployment

• Cloud-based

• On-premises

By Organisation

• SMEs

• Large enterprise

By Vertical

• Education

• Healthcare

• Media

• Government etc.

By Region:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

North America dominates the overall market, whereas Asia Pacific is recorded as the fastest-growing region during the forecast period.