Global Financial Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global financial analytics market in its upcoming report titled, “Global Financial Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global financial analytics market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global financial analytics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global financial analytics market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global financial analytics market report has been segmented on the basis of deployment type, organization size, application, end-user, and region.
Financial analytics is a field that provides different views of company’s financial data. It helps the company’s in calculation of financial statements and also helps in forecasting future financial scenario. On the basis of financial analytics three business models are developed – business-to-business, business-to-consumer, and business-to-employee. Also, financial analytics helps to improve business process, to understand performance of organization, manage investments of the company’s, and to measure & manage value of tangible and intangible assets of an organization.
Rising demand for real time analytics in financial system, and Increasing penetration of Internet of Things (IoT) are key factors driving growth of the global financial analytics market. In addition, rising adoption of cloud services and solutions, and growing awareness about usage of financial analytics are other factors expected to boost growth of the global financial analytics market over the forecast period.
However, concerns related to data security is a major factor restraining growth of the global financial analytics market. Additionally, internet connectivity issues in developing economies is another factor expected to hamper growth of the global financial analytics data over the forecast period.
A major and rising trend in the global financial analytics market is increasing preference for big data analytics and use of business intelligence (BI) in business process. This is another factor expected to aid in growth of the global financial analytics market over the forecast period.
The market in North America is expected to account for the largest share in terms of revenue as compared to other regions. This can be attributed to development in enterprise applications and solutions in countries in the region. The market in Asia Pacific is projected to register highest CAGR over the forecast period, owing to rising awareness regarding benefits of financial analytics in emerging economies such as such as China and India.
Global financial analytics market segmentation by deployment type:
Global financial analytics market segmentation by organization size:
- Small & Medium Enterprise (SME)
- Larger Enterprise
Global financial analytics market segmentation by application:
- Asset and liability management
- Budgetary control management
- General ledger management
- Payable management
- Receivable management
- Profitability management
Global financial analytics market segmentation by end-user:
- Banking, Financial Services & Insurance (BFSI)
- Food & Beverages
- Transportation & Logistics
- Consumer goods & Retail
Global financial analytics market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Oracle Corporation
- SAP SE
- International Business Machines Corporation
- Microsoft Corporation
- TIBCO Software Inc.
- Information Builders, Inc.
- Rosslyn Analytics Limited
- Tableau Software, Inc.
- MicroStrategy Incorporated
- SAS Institute Inc.
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