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Financial Analytics Market by Solution (Financial Functions Analytics and Financial Market Analytics), Application (Wealth Management, Transaction Monitoring, and Customer Management), and Industry Vertical - Global Forecast to 2023

Financial Analytics Market by Solution (Financial Functions Analytics and Financial Market Analytics), Application (Wealth Management, Transaction Monitoring, and Customer Management), and Industry Vertical - Global Forecast to 2023

Growing digitalization trend, beyond M2M process automation, to drive the financial analytics market
MarketsandMarkets expects the global financial analytics market to grow from USD 6.9 billion in 2018 to USD 11.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The key factors driving the financial analytics market include a rising need for reducing planning and budgeting cycles and the emergence of new IT applications and infrastructure, such as big data and advanced analytics.

Need of real-time recognition of suspicious activities to safeguard confidential information to drive the adoption of financial analytics in fraud detection and prevention
Fraud attempts have seen a drastic increase in recent times; thus, making fraud detection and prevention more important and applicable across major industries, including BFSI, manufacturing and automotive, retail and ecommerce, telecom and IT, transportation and logistics, healthcare and pharma, energy and utilities, government, education, and real estate. Fraud detection through its real time, near real time, and batch analysis of all its users’ activities, assist companies to safeguard customer and enterprise information, assets, accounts, and transactions. For fraud detection and prevention, financial analytics tools analyze customer data for missing information and provides a holistic view of suspicious transactions. It also screens clients across payment channels, such as wire transfers, checks, fund transfers, deposits, and withdrawals for identifying outliers that might indicate fraud patterns. Data mining technologies such as decision trees, machine learning, AI, cluster analysis, and neural networks are used to generate predictive model for understanding any fraudulent activities across the network.

Enormous data generation and need for interactive analysis to drive the market in Europe
The European region includes both developed and developing economies. Presently, the SMEs in the UK, Germany, and France are investing in analytics platforms to leverage benefits, and in turn, reduce unwanted costs. As the period of economic turmoil continues in Europe, enterprises are likely to undertake a stronger cost containment stance sooner. Europe is the second-largest regional market in terms of market share for financial analytics, but the growth is expected to decline in the coming years. The primary reason for the lesser growth rate in this region could be the Eurozone crisis. Post-Eurozone crisis, business firms are hesitant to make big investments. The factor is not the inefficiency of the business firms, but the skeptical outlook regarding the ROI. Structural deficiencies, overcapacity, low interest rates, and absence of a pan-European banking regulatory agency further paves way for financial analytics tools in BFSI sector.

In-depth interviews were conducted with the Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the financial analytics market.

By Company: Tier 1: 20%, Tier 2: 55%, and Tier 3: 25%
By Designation: C-Level: 50%, Director Level: 25%, and Others: 25%
By Region: North America: 60%, Europe: 20%, APAC: 10%, and RoW: 10%

The major vendors offering financial analytics globally 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), and Domo (US). The study includes in-depth competitive analysis of these key players in the financial analytics market with their company profiles, recent developments, and key market strategies.

Research coverage
The financial analytics market revenue is primarily classified into revenues from solutions, services, or platforms. The revenue associated with solutions and platform offerings is associated with professional, and managed services. Other segments are application, deployment model, organization size, industry vertical, and region.

Key benefits of the report
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall financial analytics market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with the information on the key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015-2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table FINANCIAL ANALYTICS MARKET SIZE AND Y-O-Y, 2016-2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE FINANCIAL ANALYTICS MARKET
    • FINANCIAL ANALYTICS MARKET: MARKET SHARE ACROSS REGIONS
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • FINANCIAL MANAGEMENT ECOSYSTEM
      • REGULATIONS
      • FINANCIAL ANALYTICS MARKET: USE CASES
      • FINANCIAL ANALYTICS MARKET: FUTURE OUTLOOK
  • FINANCIAL ANALYTICS MARKET, BY COMPONENT
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
    • SOLUTIONS
      • Table SOLUTIONS: FINANCIAL ANALYTICS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • FINANCIAL FUNCTION ANALYTICS
        • Table FINANCIAL FUNCTION ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • FINANCIAL MARKET ANALYTICS
        • Table FINANCIAL MARKET ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SERVICES
      • Table SERVICES: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table SERVICES: FINANCIAL ANALYTICS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • MANAGED SERVICES
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES: FINANCIAL ANALYTICS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
  • FINANCIAL ANALYTICS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • WEALTH MANAGEMENT
      • CAPITAL MANAGEMENT
      • ASSET LIABILITY MANAGEMENT
      • INVESTMENT MANAGEMENT
      • OTHERS
        • Table WEALTH MANAGEMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • GOVERNANCE, RISK, AND COMPLIANCE MANAGEMENT
      • CREDIT AND MARKET RISK MANAGEMENT
      • GOVERNANCE AND COMPLIANCE MANAGEMENT
        • Table GOVERNANCE, RISK, AND COMPLIANCE MANAGEMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • FINANCIAL FORECASTING AND BUDGETING
      • CASH FLOW ANALYTICS
      • REVENUE PREDICTION
        • Table FINANCIAL FORECASTING AND BUDGETING: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CUSTOMER MANAGEMENT
      • CUSTOMER EXPERIENCE ANALYTICS
      • CUSTOMER PROFITABILITY ANALYTICS
        • Table CUSTOMER MANAGEMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TRANSACTION MONITORING
      • Table TRANSACTION MONITORING: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016- 2023 (USD MILLION)
    • CLAIM MANAGEMENT
      • INSURANCE MANAGEMENT
        • Table CLAIM MANAGEMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • FRAUD DETECTION AND PREVENTION
      • Table FRAUD DETECTION AND PREVENTION: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • STOCK MANAGEMENT
      • DEBT MANAGEMENT
      • EQUITY MANAGEMENT
        • Table STOCK MANAGEMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FINANCIAL ANALYTICS MARKET, BY DEPLOYMENT MODEL
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CLOUD
      • Table CLOUD: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FINANCIAL ANALYTICS MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FINANCIAL ANALYTICS MARKET, BY INDUSTRY VERTICAL
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MANUFACTURING AND AUTOMOTIVE
      • Table MANUFACTURING AND AUTOMOTIVE: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • RETAIL AND ECOMMERCE
      • Table RETAIL AND ECOMMERCE: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TELECOMMUNICATIONS AND IT
      • Table TELECOMMUNICATIONS AND IT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • Table TRANSPORTATION AND LOGISTICS: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • HEALTHCARE AND PHARMACEUTICALS
      • Table HEALTHCARE AND PHARMACEUTICALS: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • FINANCIAL ANALYTICS MARKET, BY REGION
    • INTRODUCTION
      • Table FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY SOLUTIONS, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • US
      • CANADA
    • EUROPE
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY SOLUTIONS, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY SERVICES, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • Table EUROPE: FINANCIAL ANALYTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY SOLUTIONS, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY SERVICES, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • JAPAN
      • SINGAPORE
      • CHINA
      • INDIA
      • REST OF APAC
    • LATIN AMERICA
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY SOLUTIONS, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY SERVICES, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: FINANCIAL ANALYTICS MARKET SIZE, BY COUNTRIES, 2016-2023 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY SOLUTIONS, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY SERVICES, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: FINANCIAL ANALYTICS MARKET SIZE, BY REGION, 2016- 2023 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
  • COMPANY PROFILES
    • ORACLE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IBM
      • OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAS INSTITUTE
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ALTERYX
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TIBCO SOFTWARE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FAIR ISAAC CORPORATION (FICO)
      • OVERVIEW
      • SOFTWARE OFFERED
      • MNM VIEW
    • TERADATA
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • QLIK
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GOODDATA
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
    • BIRST
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • GOOGLE
    • INFORMATION BUILDERS
    • ZOHO CORPORATION
    • DOMO
  • APPENDIX
    • KEY INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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