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Global Financial Analytics Market Forecast 2019-2027

Global Financial Analytics Market Forecast 2019-2027

KEY FINDINGS

Financial analytics lets the managers and executives in an organization to have access to more accurate and detailed financial information of the organization. This strengthens the relationship of the employee inside the organization. Financial analytics is a field that gives different views of a company’s financial data.

Global financial analytics market is anticipated to grow with 10.05% CAGR during the forecast period 2019-2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.

Key factors that are responsible for the market advancement are:

• Rise in need of real-time data analytics & decision-making

• Rapid change in business environments worldwide

• Technological improvements in analytics domain

• Adoption of analytics by asset management firms

However, the global financial analytics market is driven by a rapid change in business environments worldwide. Transformation in business is a constant part of business life. All business must have to be aware of the internal and external environment to remain competitive and to identify the trends and new value positions and change the operation mode to exploit the advantages in business which they identify. Serving the world by implementing some of the simple technology like “Big data” often blinds the industries to real business challenges for customer relationship management and ensuring of the reliable service. Implementations of technologies are simple in industry.

In terms of end user segment, travel & hospitality segment is the fastest growing market in terms of revenue with around XX% market share in 2018. In the hospitality industry, analytics can be used in numerous ways to improve business operations, profits, marketing strategies, occupancy rates and yield. For example, through analytics, the concierge can know the local tours to recommend that fit a guest’s preference based on his past behavior. It allows the restaurant department to predict which menu items are likely to be ordered, for example, on the local weather. It allows the reservation department to predict the optimal rate for a room. It enables the sales and marketing team to create and send tailored messages across different networks. Analytics can also help hoteliers cut down their energy costs without sacrificing guest comforts.

As the use of analytics is growing rapidly, it will also have some hindrances associated with it. For instance, issues related to data security together with privacy in the financial analytics market, technological limitations, lack of skilled workforce to deal with the financial analytics data and resistance for the adoption of financial analytics by companies and the employees can occur which can withhold the market growth. Companies are increasingly recognizing the importance of financial analytics software. But security and privacy are the major concern for the financial analytics market. Nowadays, hackers are well trained and funded; as a result, cybercrime is on the rise, resulting in approximately $XX billion annual losses in business. The number of attacks is expected to increase as hackers mark other types of accounts as well as the ones registered with credit cards. The possible losses are growing since numerous hoaxers & conmen have pilfered large volumes of extra personal information like social security numbers that they haven’t used up till now. Nowadays, business entity wants more transparency and security due to the increasing number of frauds, misrepresentation and concealment of facts being done by business houses.

Global financial analytics includes segmentation on the basis of components, deployment mode, organization size, tools, applications, end users and regions.

Components division is sub-segmented into:

• Software

• Services

Deployment mode is sub-segmented into:

• Cloud based

• On-premises

Organization size is sub-segmented into:

• Large enterprise

• Small & medium enterprise

Tools division is sub-segmented into:

• Analytical solutions

• Database Management System (DBMS)

• Data integration tools

• OLAP & visualization tools

• Query, reporting & analysis

• Consulting & support services

Applications segment is sub-segmented into:

• General ledger management

• Assets and liability management

• Budgetary control management

• Governance, risk and compliance (GRC) management

• Profitability management

• Receivables management

• Payables management

• Other applications

End users division is sub-segmented into:

• Banking, Financial Services & Insurance (BFSI)

• Consumer Goods & Retail

• Public sector, Energy & Utilities

• Transportation & Logistics

• IT & Telecommunication

• Travel & Hospitality

• Media & Entertainment

• Healthcare & Life Sciences

• Government

• Manufacturing

• Other End Users

The total market revenue is calculated on the basis of the adoption of financial analytics across various verticals.

Geographically, the global financial analytics market has been segmented on the basis of four major regions, which includes:

• North America: the United States & Canada

• Europe: United Kingdom, France, Italy, Russia, Spain, Germany and Rest of Europe

• Asia Pacific: China, India, Japan, Australia, South Korea & Rest of Asia Pacific

• Rest of World: Latin America, Middle East & Africa

The regional paradigm of global financial analytics market is dominated by North America region by capturing the largest market share regarding revenue of XX% in 2018. In 2018, North America accounted for a revenue share of XX% in the global financial analytics market. North America is a major financial analytics market in terms of revenue. With the majority of world’s top financial service companies headquartered in North America, growing income disposable population, positive economic prospects and high big data technology adoption rate are some of the factors driving the growth for the financial analytics market in North America. SME’s, government, public utilities, are some of the growing verticals in the financial analytics market in North America.

On the flip side, Asia Pacific region is expected to surge with the fastest growth rate during the forecasted period. The Asia Pacific is one of the most important regions in the market of financial analysis. Asia Pacific region contributes to about 30% of world economic output. Cross-border economic flow such as bank lending and direct investments are growing faster than GDP in Asia Pacific financial market. Companies dealing in large financial investments are dependent on chief financial officers for the analysis of their internal financial and operational data by considering external data obtained from cloud based big data, social media platforms and demographics. Increasing adoption of cloud based financial analytic tools that are readily available to the companies is mainly promoting growth in the market of Asia Pacific region. Asia Pacific region has a huge opportunity to play a big role in investment and risk management system of the global capital market.

Global financial analytics is segmented by components, deployment mode, organization size, tools, applications, end users and regions.

Components are sub-segmented into software & services. Deployment mode is sub-segmented into cloud based & on-premises. Organization size is sub-segmented into large enterprise & small & medium enterprise. Tools are sub-segmented into analytical solutions, database management system (DBMS), data integration tools, OLAP & visualization tools, query, reporting & analysis, and consulting & support services. Applications are sub-segmented into general ledger management, assets and liability management, budgetary control management, governance, risk and compliance (GRC) management, profitability management, receivables management, payables management & other applications. End users are sub-segmented into banking, financial services & insurance (BFSI), consumer goods & retail, public sector, energy & utilities, transportation & logistics, IT & telecommunication, travel & hospitality, media & entertainment, healthcare & life sciences, government, manufacturing and other end users.

The market has many players, and some of the key players involved in global financial analytics market are:

• Deloitte

• FICO

• Hitachi Consulting

• IBM

• Information Builders

• Other companies

Market share analysis along with company profiles of the prominent market players are discussed in detail. In February’ 18, Deloitte announced the launch of its Cognitive Analytics Solution Center of Excellence (CoE) that will apply cognitive and advanced analytics techniques to deliver risk sensing and predictions to global clients. As organizations face ongoing disruption in their industries, risk sensing with the help of human insights and advanced analytics capabilities to identify, analyze and monitor emerging risks, this has become a key component of how organizations manage risk. In October 2018, BI and analytics firm Information Builders recently announced the relaunch of its signature platform, WebFOCUS. In a release issued by the company, Information Builders said this update, with its fully responsive user interface and intuitive workflow, delivers unparalleled ease of use with scale and function. This enables employees across an organization, not just in IT or analytics, to access information and leverage data for insights.

Key findings of the global financial analytics market are as follows:

• The emergence of cloud analytics is boosting the cloud based deployment of financial analytics solutions

• Banking and financial institutions are key end user industry

• Increase in partnership, mergers and acquisition scenarios between IT & finance companies

• North America holds the largest market share of the financial analytics market

• Asia Pacific is the fastest growing region for financial analytics market


1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. North America Holds Largest Market Share Of The Financial Analytics Market
3.2.2. Asia Pacific Is The Fastest Growing Region
3.2.3. Emergence Of Cloud Analytics Is Boosting The Cloud Based Deployment Of Financial Analytics Solutions
3.2.4. Banking And Financial Institutions - Key End User Industry
3.2.5. Increase In Partnership, Mergers And Acquisition Scenario’s Between It & Finance Companies
3.2.6. Businesses Are Expanding In Asian Region
4. Market Dynamics
4.1. Market Scope & Definition
4.2. Market Drivers
4.2.1. Rise In Need Of Real-time Data Analytics In Decision-making
4.2.2. Rapid Change In Business Environments Worldwide
4.2.3. Technological Improvements In Analytics Domain
4.2.4. Adoption Of Analytics By Asset Management Firms
4.3. Market Restraints
4.3.1. Issues Related To Data Security & Privacy
4.3.2. Technological Limitations
4.4. Market Opportunities
4.4.1. Emergence Of Cloud Based Analytics
4.4.2. Capturing The Untapped Small Medium Businesses Segment
4.5. Market Challenges
4.5.1. Lack Of Skilled Workforce To Deal With The Financial Analytics
4.5.2. Resistance For Adoption Of Financial Analytics By Companies And Employees
5. Market By Components
5.1. Software
5.2. Services
6. Market By Deployment Mode
6.1. Cloud Based
6.2. On-premises
7. Market By Organization Size
7.1. Large Enterprise
7.2. Small & Medium Enterprise
8. Market By Tools
8.1. Analytical Solutions
8.2. Database Management System (Dbms)
8.3. Data Integration Tools
8.4. Olap & Visualization Tools
8.5. Query, Reporting & Analysis
8.6. Consulting & Support Services
9. Market By Applications
9.1. General Ledger Management
9.2. Assets And Liability Management
9.3. Budgetary Control Management
9.4. Governance, Risk And Compliance (Grc) Management
9.5. Profitability Management
9.6. Receivables Management
9.7. Payables Management
9.8. Other Applications
10. Market By End Users
10.1. Banking, Financial Services & Insurance (Bfsi)
10.2. Consumer Goods & Retail
10.3. Public Sector, Energy & Utilities
10.4. Transportation & Logistics
10.5. It & Telecommunication
10.6. Travel & Hospitality
10.7. Media & Entertainment
10.8. Healthcare & Life Sciences
10.9. Government
10.10. Manufacturing
10.11. Other End Users
11. Key Analytics
11.1. Porter’s Five Force Model
11.1.1. Threat Of New Entrants
11.1.2. Threat Of Substitute
11.1.3. Bargaining Power Of Suppliers
11.1.4. Bargaining Power Of Buyers
11.1.5. Threat Of Competitive Rivalry
11.2. Opportunity Matrix
11.3. Vendor Landscape
12. Geographical Analysis
12.1. North America
12.1.1. United States
12.1.2. Canada
12.2. Europe
12.2.1. United Kingdom
12.2.2. France
12.2.3. Italy
12.2.4. Russia
12.2.5. Spain
12.2.6. Germany
12.2.7. Rest Of Europe
12.3. Asia Pacific
12.3.1. China
12.3.2. India
12.3.3. Japan
12.3.4. Australia
12.3.5. South Korea
12.3.6. Rest Of Asia Pacific
12.4. Rest Of World
12.4.1. Latin America
12.4.2. Middle East & Africa
13. Company Profiles
13.1. Deloitte
13.1.1. Overview
13.1.2. Service Portfolio
13.1.3. Strategic Initiatives
13.1.4. Scot Analysis
13.2. Fico
13.2.1. Overview
13.2.2. Product Portfolio
13.2.3. Strategic Initiatives
13.2.4. Scot Analysis
13.3. Hitachi Consulting
13.3.1. Overview
13.3.2. Product Portfolio
13.3.3. Strategic Initiatives
13.3.4. Scot Analysis
13.4. Ibm
13.4.1. Overview
13.4.2. Product Portfolio
13.4.3. Strategic Initiatives
13.4.4. Scot Analysis
13.5. Information Builders
13.5.1. Overview
13.5.2. Product Portfolio
13.5.3. Strategic Initiatives
13.5.4. Scot Analysis
13.6. Microstrategy
13.6.1. Overview
13.6.2. Product Portfolio
13.6.3. Strategic Initiatives
13.6.4. Scot Analysis
13.7. Microsoft
13.7.1. Overview
13.7.2. Product Portfolio
13.7.3. Strategic Initiatives
13.7.4. Scot Analysis
13.8. Oracle
13.8.1. Overview
13.8.2. Product Portfolio
13.8.3. Strategic Initiatives
13.8.4. Scot Analysis
13.9. Rosslyn Analytics
13.9.1. Overview
13.9.2. Product Portfolio
13.9.3. Strategic Initiatives
13.9.4. Scot Analysis
13.10. Sap Se
13.10.1. Overview
13.10.2. Product Portfolio
13.10.3. Strategic Initiatives
13.10.4. Scot Analysis
13.11. Sas Institute
13.11.1. Overview
13.11.2. Product Portfolio
13.11.3. Strategic Initiatives
13.11.4. Scot Analysis
13.12. Harman International Industries (Acquired By Samsung)
13.12.1. Overview
13.12.2. Product Portfolio
13.12.3. Strategic Initiatives
13.12.4. Scot Analysis
13.13. Tableau Software
13.13.1. Overview
13.13.2. Product Portfolio
13.13.3. Strategic Initiatives
13.13.4. Scot Analysis
13.14. Teradata Corp
13.14.1. Overview
13.14.2. Product Portfolio
13.14.3. Strategic Initiatives
13.14.4. Scot Analysis
13.15. Tibco
13.15.1. Overview
13.15.2. Product Portfolio
13.15.3. Strategic Initiatives
13.15.4. Scot Analysis
List Of Tables
Table 1. Global Financial Analytics Market, By Geography, 2019-2027 (In $ Million)
Table 2. Recent Merger & Acquisition, Partnerships Between It & Financial Firms
Table 3. Global Financial Analytics Market, By Components, 2019-2027, (In $ Million)
Table 4. Global Software Market, By Region, 2019-2027 (In $ Million)
Table 5. Global Services Market, By Region, 2019-2027 (In $ Million)
Table 6. Global Financial Analytics Market, By Deployment Mode, 2019-2027, (In $ Million)
Table 7. Global Cloud Based Market, By Region, 2019-2027 (In $ Million)
Table 8. Global On-premises Market, By Region, 2019-2027 (In $ Million)
Table 9. Global Financial Analytics Market, By Organization Size, 2019-2027, (In $ Million)
Table 10. Global Large Enterprise Market, By Region, 2019-2027 (In $ Million)
Table 11. Global Small & Medium Enterprise Market, By Region, 2019-2027 (In $ Million)
Table 12. Global Financial Analytics Market, By Tools, 2019-2027, (In $ Million)
Table 13. Global Analytical Solutions Market, By Region, 2019-2027 (In $ Million)
Table 14. Global Database Management System Market, By Region, 2019-2027 (In $ Million)
Table 15. Global Data Integration Tools Market, By Region, 2019-2027 (In $ Million)
Table 16. Global Olap & Visualization Tools Market, By Region, 2019-2027 (In $ Million)
Table 17. Global Query, Reporting & Analysis Market, By Region, 2019-2027 (In $ Million)
Table 18. Global Consulting & Support Services Market, By Region, 2019-2027 (In $ Million)
Table 19. Global Financial Analytics Market, By Applications, 2019-2027, (In $ Million)
Table 20. Global General Ledger Management Market, By Region, 2019-2027 (In $ Million)
Table 21. Global Assets And Liability Management Market, By Region, 2019-2027 (In $ Million)
Table 22. Global Budgetary Control Management Market, By Region, 2019-2027 (In $ Million)
Table 23. Global Governance, Risk And Compliance (Grc) Management Market, By Region, 2019-2027 (In $ Million)
Table 24. Global Profitability Management Market, By Region, 2019-2027 (In $ Million)
Table 25. Global Receivables Management Market, By Region, 2019-2027 (In $ Million)
Table 26. Global Payables Management Market, By Region, 2019-2027 (In $ Million)
Table 27. Global Other Applications Market, By Region, 2019-2027 (In $ Million)
Table 28. Global Financial Analytics Market, By End Users, 2019-2027, (In $ Million)
Table 29. Global Banking, Financial Services & Insurance (Bfsi) Market, By Region, 2019-2027 (In $ Million)
Table 30. Global Consumer Goods & Retail Market, By Region, 2019-2027 (In $ Million)
Table 31. Global Public Sector, Energy & Utilities Market, By Region, 2019-2027 (In $ Million)
Table 32. Global Transportation & Logistics Market, By Region, 2019-2027 (In $ Million)
Table 33. Global It & Telecommunication Market, By Region, 2019-2027 (In $ Million)
Table 34. Global Travel & Hospitality Market, By Region, 2019-2027 (In $ Million)
Table 35. Global Media & Entertainment Market, By Region, 2019-2027 (In $ Million)
Table 36. Global Healthcare & Life Sciences Market, By Region, 2019-2027 (In $ Million)
Table 37. Global Government Market, By Region, 2019-2027 (In $ Million)
Table 38. Global Manufacturing Market, By Region, 2019-2027 (In $ Million)
Table 39. Global Other End Users Market, By Region, 2019-2027 (In $ Million)
Table 40. Opportunity Matrix
Table 41. Vendor Landscape
Table 42. Global Financial Analytics Market, By Geography, 2019-2027, (In $ Million)
Table 43. North America Financial Analytics Market, By Country, 2019-2027 (In $ Million)
Table 44. Europe Financial Analytics Market, By Country, 2019-2027 (In $ Million)
Table 45. Asia Pacific Financial Analytics Market, By Country, 2019-2027 (In $ Million)
Table 46. Rest Of World Financial Analytics Market, By Region, 2019-2027 (In $ Million)
List Of Figure
Figure 1. Global Financial Analytics Market, By Travel & Hospitality, 2018 & 2027 (In %)
Figure 2. North America Financial Analytics Market, 2019-2027 (In $ Million)
Figure 3. Data Breach Incidences By Type In 2017 (%)
Figure 4. Adoption Of Cloud Technology In Financial Institutions, By Cloud Deployment Type In 2018
Figure 5. Necessary Skillset’s Which Financial Professionals Lacks
Figure 6. Global Financial Analytics Market, By Software, 2019-2027 (In $ Million)
Figure 7. Global Financial Analytics Market, By Services, 2019-2027 (In $ Million)
Figure 8. Global Financial Analytics Market, By Cloud Based, 2019-2027 (In $ Million)
Figure 9. Global Financial Analytics Market, By On-premises, 2019-2027 (In $ Million)
Figure 10. Global Financial Analytics Market, By Large Enterprise, 2019-2027 (In $ Million)
Figure 11. Global Financial Analytics Market, By Small & Medium Enterprise, 2019-2027 (In $ Million)
Figure 12. Global Financial Analytics Market, By Analytical Solutions, 2019-2027 (In $ Million)
Figure 13. Global Financial Analytics Market, By Database Management System, 2019-2027 (In $ Million)
Figure 14. Global Financial Analytics Market, By Data Integration Tools, 2019-2027 (In $ Million)
Figure 15. Global Financial Analytics Market, By Olap & Visualization Tools, 2019-2027 (In $ Million)
Figure 16. Global Financial Analytics Market, By Query, Reporting & Analysis, 2019-2027 (In $ Million)
Figure 17. Global Financial Analytics Market, By Consulting & Support Services, 2019-2027 (In $ Million)
Figure 18. Global Financial Analytics Market, By General Ledger Management, 2019-2027 (In $ Million)
Figure 19. Global Financial Analytics Market, By Assets And Liability Management, 2019-2027 (In $ Million)
Figure 20. Global Financial Analytics Market, By Budgetary Control Management, 2019-2027 (In $ Million)
Figure 21. Global Financial Analytics Market, By Governance, Risk And Compliance (Grc) Management, 2019-2027 (In $ Million)
Figure 22. Global Financial Analytics Market, By Profitability Management, 2019-2027 (In $ Million)
Figure 23. Global Financial Analytics Market, By Receivables Management, 2019-2027 (In $ Million)
Figure 24. Global Financial Analytics Market, By Payables Management, 2019-2027 (In $ Million)
Figure 25. Global Financial Analytics Market, By Other Applications, 2019-2027 (In $ Million)
Figure 26. Global Financial Analytics Market, By Banking, Financial Services & Insurance (Bfsi), 2019-2027 (In $ Million)
Figure 27. Global Financial Analytics Market, By Consumer Goods & Retail, 2019-2027 (In $ Million)
Figure 28. Global Financial Analytics Market, By Public Sector, Energy & Utilities, 2019-2027 (In $ Million)
Figure 29. Global Financial Analytics Market, By Transportation & Logistics, 2019-2027 (In $ Million)
Figure 30. Global Financial Analytics Market, By It & Telecommunication, 2019-2027 (In $ Million)
Figure 31. Global Financial Analytics Market, By Travel & Hospitality, 2019-2027 (In $ Million)
Figure 32. Global Financial Analytics Market, By Media & Entertainment, 2019-2027 (In $ Million)
Figure 33. Global Financial Analytics Market, By Healthcare & Life Sciences, 2019-2027 (In $ Million)
Figure 34. Global Financial Analytics Market, By Government, 2019-2027 (In $ Million)
Figure 35. Global Financial Analytics Market, By Manufacturing, 2019-2027 (In $ Million)
Figure 36. Global Financial Analytics Market, By Other End Users, 2019-2027 (In $ Million)
Figure 37. Porter’s Five Force Analysis
Figure 38. Global Financial Analytics Market, Regional Outlook, 2018 & 2027 (In %)
Figure 39. United States Financial Analytics Market, 2019-2027 (In $ Million)
Figure 40. Canada Financial Analytics Market, 2019-2027 (In $ Million)
Figure 41. Spread Of Financial Service Sector Across Canada In 2018 (%)
Figure 42. Changing Deployment Models Of Business Analytic Services In Canada 2017 & 2018 (%)
Figure 43. Challenges Faced By Financial Analytical Companies In Canada, 2017
Figure 44. Economic Forecast Of Europe 2015-2019 (%)
Figure 45. United Kingdom Financial Analytics Market, 2019-2027 (In $ Million)
Figure 46. Adoption Rate Of Financial Analytics (Services And Software) In United Kingdom, 2017
Figure 47. France Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 48. Italy Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 49. Predicted Adoption Of Financial Analytics (Big Data) In Different Sectors By 2018
Figure 50. Challenges Faced By Financial Analytical Companies In Italy, 2018
Figure 51. Russia Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 52. Spain Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 53. Germany Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 54. Rest Of Europe Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 55. China Financial Analytics Market, 2019-2027 (In $ Million)
Figure 56. Market Share Analysis Of Internet-based Finance In China In 2018 (%)
Figure 57. India Financial Analytics Market, 2019-2027 (In $ Million)
Figure 58. Fraud Cases Across Different Banking Sectors In 2018 (%)
Figure 59. Investments Made By Venture Capital, Angel And Private Equity Firms In The 2016 And 2017
Figure 60. Japan Financial Analytics Market, 2019-2027 (In $ Million)
Figure 61. Adoption Of Big Data Analytics In Business Operations In Japan, 2014 & 2015 (%)
Figure 62. Australia Financial Analytics Market, 2019-2027 (In $ Million)
Figure 63. South Korea Laboratory Equipment Services Market, 2019-2027 (In $ Millions)
Figure 64. Rest Of Asia Pacific Financial Analytics Market, 2019-2027 (In $ Million)
Figure 65. Latin America Financial Analytics Market, 2019-2027 (In $ Million)
Figure 66. Middle East & Africa Financial Analytics Market, 2019-2027 (In $ Million)

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