Financial Analytics Market is expected to register exponential growth

According to the latest research report published by Market Data Forecast, 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.

Financial analytics emphasizes tools and advanced analytical solutions. These are used to make factual decisions, obtain insights and enhance performance. In addition, strategic planning, risk management, performance evaluation and forecasting across various financial sectors are supported by financial analytics which is the gathering, analysis, interpretation, and data display.

Global Financial analytics Market Report Scope:
• Market Size (2029): USD 14.81 Billion
• Market Size (2024): USD 8.63 Billion
• CAGR (2024 to 2029): 11.4%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Solution, Application, Industry Vertical, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: 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.

Market Drivers:

The rising need for data-driven insights is propelling the growth of the financial analytics market. Industries like BFSI, IT and marketing know the importance of data intelligence for making decisions. In addition, these types of solutions facilitate companies with accurate consumer behaviour trends and patterns, economic performance and risks analysis.
Moreover, the financial analytics market is moved forward by rising legal and regulatory compliance. The finance sector is bound by strict rules in the industry which mandate that they monitor transactions, efficiently manage risks, and maintain transparent reporting. This includes Basel III, the Dodd-Frank Act and IFRS 9. Also, these technologies reduce the risk of non-compliance, automate compliance procedures and guarantee regulatory conformance.
Additionally, the extensive use of cloud-based analytics solutions is presenting immense opportunities for companies in the market. This becomes even more important with the deployment of AI, ML and other modern technologies with cloud services. The financial analytics market is also growing because of the widespread use of cloud computing. Scalability, flexibility, and cost-effectiveness are offered by cloud-based analytics products which let businesses access and analyze massive amounts of data without making significant infrastructure investments.

Market Restraints:

Data quality and integration challenges are decreasing the growth rate of the financial analytics market. In addition, financial data often circulates over several platforms, systems, and formats. It is sometimes difficult to integrate and sanitize data from several sources. Organizations must make investments in data quality management and integration capabilities because incomplete or inaccurate data might compromise the dependability and efficacy of financial analytics solutions.
Proficiency in finance, data analytics, and domain knowledge are essential for the effective application of financial analytics. However, there is frequently a lack of experts with the know-how and proficiency required to use financial analytics technologies efficiently and analyse the results.
Ensuring the accuracy and dependability of the data utilised for financial analysis is the other major obstacle. Effective integration and analysis might be hampered by inadequate or inconsistent data from several sources. Safeguarding the security and privacy of data presents another difficulty. Since financial analytics works with sensitive financial data, safeguards against misuse or unauthorised access to such data are essential. Financial reporting requirements and data protection laws are only two of the many laws and regulations that financial analytics must abide by. The application of financial analytics may also be hampered by organisational culture and resistance to change.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/financial-analytics-market

Key Insights from The Report:
•Based on Solution, the Financial Market Analytics segment led the market and accounted for a large share of the global market in 2023.
•Based on Application, the Wealth Management segment captured the largest share of the global market in 2023.
•Based on Deployment, On-premises is anticipated to dominate the market during the forecast period in 2023.
•Based on Organisation, the SMEs segment is expected to lead the market in the forecast period in 2023.
•Based on Vertical, the Education segment holds the largest share in the global market
•North America dominated the smart building market in 2023. Asia-Pacific accounted for the second-highest share of the global market in 2023, and the Europe region is estimated to grow over the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

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

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Financial Analytics Market, By Solution
6.1.1 Financial Functions Analytics
6.1.2 Financial Market Analytics
6.1.3 Market Size Estimations & Forecasts (2024 to 2029)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index

6.2 Financial Analytics Market, By Application
6.2.1 Wealth Management
6.2.2 Transaction Monitoring
6.2.3 Customer Management
6.2.4 Market Size Estimations & Forecasts (2024 to 2029)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Financial Analytics Market, By Deployment
6.3.1 Cloud-based
6.3.2 On-Premises
6.3.3 Market Size Estimations & Forecasts (2024 to 2029)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Financial Analytics Market, By Organization
6.4.1 SMEs
6.4.2 Large Enterprises
6.4.3 Market Size Estimations & Forecasts (2024 to 2029)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Financial Analytics Market, By Vertical
6.5.1 Education
6.5.2 Healthcare
6.5.3 Media
6.5.4 Government
6.5.5 Market Size Estimations & Forecasts (2024 to 2029)
6.5.6 Y-o-Y Growth Rate Analysis
6.5.7 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Financial Analytics Market, by Region
7.2 North America - Market Analysis (2024 to 2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Solution
7.2.3 By Application
7.2.4 By Deployment
7.2.5 By Organization
7.2.6 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Solution
7.3.3 By Application
7.3.4 By Deployment
7.3.5 By Organization
7.3.6 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Solution
7.4.3 By Application
7.4.4 By Deployment
7.4.5 By Organization
7.4.6 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Solution
7.5.3 By Application
7.5.4 By Deployment
7.5.5 By Organization
7.5.6 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Solution
7.6.3 By Application
7.6.4 By Deployment
7.6.5 By Organization
7.6.6 By Vertical

8. Key Player Analysis
8.1 Oracle
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM
8.3 Teradata
8.4 TIBCO Software
8.5 SAP
8.6 SAS Institute
8.7 Alteryx
8.8 Qlik
8.9 FICO
8.10 GoodData

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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