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Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Mar 18, 2023
Length 146 Pages
SKU # IMRC17854532

Description

Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global financial analytics market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

Financial analytics (FA) refers to the investigation of financial statements of an organization through software-based programs. It aims to provide accurate business insights and forecast economic scenarios. The obtained insights are represented numerically and graphically on a digital dashboard to improve business strategy and routine decision-making. FA utilizes business intelligence (BI) and analytical tools for asset and liability management, budgetary control, compliance and risk management. Owing to these benefits, FA finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing and information technology (IT) industries.

The rising trend of digitization, along with the increasing adoption of cloud computing across the globe, is among the key factors driving the growth of the market. Various medium- and large-scale organizations are adopting FA solutions for efficient financial planning and budgeting. FA solutions also aid in tracking customer behavior and monitoring revenue generation and expenses, along with the optimum utilization of resources. Furthermore, the integration of machine learning (ML) and artificial intelligence (AI) with FA is also providing a boost to the market growth, as they offer enhanced accuracy and resilience of financial decisions, along with risk mitigation and fraud detection capabilities. Additionally, the growing need to process large amounts of unstructured information for making data-driven organizational decisions is also contributing to the growth of the market. Other factors, including advancements in the BI and big-data (BA) tools, the thriving BFSI industry, along with the growing retail and e-commerce sectors, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global financial analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, application, organization size and vertical.

Breakup by Type:

Database Management System (DBMS)
Data Integration Tools
Query, Reporting & Analysis
Analytics Solutions
Others
 

Based on the type, database management system currently holds the majority of the market share.
 

Breakup by Component:

Solutions

Financial Function Analytics
Financial Market Analytics


Services

Managed Services
Professional Services
 



Based on the component, services currently hold the majority of the market share.
 

Breakup by Application:

Wealth Management
Governance, Risk & Compliance Management
Financial Forecasting & Budgeting
Customer Management
Transaction Monitoring
Stock Management
Others
 

Breakup by Organization Size:

Large Enterprises
Small & Medium Enterprises
 

Breakup by Vertical:

BFSI
Telecom & IT
Manufacturing
Government
Education
Others
 

Based on the vertical, BFSI currently holds the majority of the market share.
 

Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

Based on geography, North America currently represents the biggest market for financial analytics.
 

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Alteryx, Birst, Domo, Fair Isaac Corporation (FICO), Hitachi Vantara, IBM, Information Builders, Microsoft Corporation, Oracle Corporation, QlikTech International A.B, Rosslyn Data Technologies, SAP SE, SAS Institute, Teradata Corporation, Tibco Software, Zoho Corporation, etc.

Key Questions Answered in This Report:

What was the size of the global financial analytics market in 2022?
What is the expected growth rate of the global financial analytics market during 2023-2028?
What are the key factors driving the global financial analytics market?
What has been the impact of COVID-19 on the global financial analytics market?
What is the breakup of the global financial analytics market based on the type?
What is the breakup of the global financial analytics market based on the component?
What is the breakup of the global financial analytics market based on the vertical?
What are the key regions in the global financial analytics market?
Who are the key players/companies in the global financial analytics market?

Table of Contents

146 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Financial Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Database Management System (DBMS)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Data Integration Tools
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Query, Reporting & Analysis
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Analytics Solutions
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast
7 Market Breakup by Component
7.1 Solutions
  7.1.1 Market Trends
  7.1.2 Major Types
  7.1.2.1 Financial Function Analytics
  7.1.2.2 Financial Market Analytics
  7.1.3 Market Forecast
7.2 Services
  7.2.1 Market Trends
  7.2.2 Major Types
  7.2.2.1 Managed Services
  7.2.2.2 Professional Services
  7.2.3 Market Forecast
8 Market Breakup by Application
8.1 Wealth Management
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Governance, Risk & Compliance Management
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Financial Forecasting & Budgeting
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Customer Management
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Transaction Monitoring
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Stock Management
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Others
  8.7.1 Market Trends
  8.7.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Large Enterprises
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Small & Medium Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast
10  Market Breakup by Vertical
10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Telecom & IT
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Manufacturing
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Government
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Education
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Others
  10.6.1 Market Trends
  10.6.2 Market Forecast
11  Market Breakup by Region
11.1 North America
  11.1.1 United States
   11.1.1.1 Market Trends
   11.1.1.2 Market Forecast
  11.1.2 Canada
   11.1.2.1 Market Trends
   11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
   11.2.1.1 Market Trends
   11.2.1.2 Market Forecast
  11.2.2 Japan
   11.2.2.1 Market Trends
   11.2.2.2 Market Forecast
  11.2.3 India
   11.2.3.1 Market Trends
   11.2.3.2 Market Forecast
  11.2.4 South Korea
   11.2.4.1 Market Trends
   11.2.4.2 Market Forecast
  11.2.5 Australia
   11.2.5.1 Market Trends
   11.2.5.2 Market Forecast
  11.2.6 Indonesia
   11.2.6.1 Market Trends
   11.2.6.2 Market Forecast
  11.2.7 Others
   11.2.7.1 Market Trends
   11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
   11.3.1.1 Market Trends
   11.3.1.2 Market Forecast
  11.3.2 France
   11.3.2.1 Market Trends
   11.3.2.2 Market Forecast
  11.3.3 United Kingdom
   11.3.3.1 Market Trends
   11.3.3.2 Market Forecast
  11.3.4 Italy
   11.3.4.1 Market Trends
   11.3.4.2 Market Forecast
  11.3.5 Spain
   11.3.5.1 Market Trends
   11.3.5.2 Market Forecast
  11.3.6 Russia
   11.3.6.1 Market Trends
   11.3.6.2 Market Forecast
  11.3.7 Others
   11.3.7.1 Market Trends
   11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
   11.4.1.1 Market Trends
   11.4.1.2 Market Forecast
  11.4.2 Mexico
   11.4.2.1 Market Trends
   11.4.2.2 Market Forecast
  11.4.3 Others
   11.4.3.1 Market Trends
   11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast
12  SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15  Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Alteryx
   15.3.1.1 Company Overview
   15.3.1.2 Product Portfolio
   15.3.1.3 Financials
  15.3.2 Birst
   15.3.2.1 Company Overview
   15.3.2.2 Product Portfolio
  15.3.3 Domo
   15.3.3.1 Company Overview
   15.3.3.2 Product Portfolio
   15.3.3.3 Financials
  15.3.4 Fair Isaac Corporation (FICO)
   15.3.4.1 Company Overview
   15.3.4.2 Product Portfolio
   15.3.4.3 Financials
   15.3.4.4 SWOT Analysis
  15.3.5 Hitachi Vantara
   15.3.5.1 Company Overview
   15.3.5.2 Product Portfolio
  15.3.6 IBM
   15.3.6.1 Company Overview
   15.3.6.2 Product Portfolio
   15.3.6.3 Financials
   15.3.6.4 SWOT Analysis
  15.3.7 Information Builders
   15.3.7.1 Company Overview
   15.3.7.2 Product Portfolio
  15.3.8 Microsoft Corporation
   15.3.8.1 Company Overview
   15.3.8.2 Product Portfolio
   15.3.8.3 Financials
   15.3.8.4 SWOT Analysis
  15.3.9 Oracle Corporation
   15.3.9.1 Company Overview
   15.3.9.2 Product Portfolio
   15.3.9.3 Financials
   15.3.9.4 SWOT Analysis
  15.3.10 QlikTech International A.B
   15.3.10.1 Company Overview
   15.3.10.2 Product Portfolio
  15.3.11 Rosslyn Data Technologies
   15.3.11.1 Company Overview
   15.3.11.2 Product Portfolio
   15.3.11.3 Financials
  15.3.12 SAP SE
   15.3.12.1 Company Overview
   15.3.12.2 Product Portfolio
   15.3.12.3 Financials
   15.3.12.4 SWOT Analysis
  15.3.13 SAS Institute
   15.3.13.1 Company Overview
   15.3.13.2 Product Portfolio
  15.3.14 Teradata Corporation
   15.3.14.1 Company Overview
   15.3.14.2 Product Portfolio
   15.3.14.3 Financials
   15.3.14.4 SWOT Analysis
  15.3.15 Tibco Software
   15.3.15.1 Company Overview
   15.3.15.2 Product Portfolio
   15.3.15.3 SWOT Analysis
  15.3.16 Zoho Corporation
   15.3.16.1 Company Overview
   15.3.16.2 Product Portfolio
 

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