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Financial Analytics market Revenue Growth Predicted by 2022-2032

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Financial Analytics market Revenue Growth Predicted by 2022-2032

The financial analytics market revenue totaled US$ 9.3 Billion in 2021 and is projected to register a Y-o-Y expansion rate of nearly 11% to reach US$ 10.3 Billion in 2022. During the 2022-2032 period of assessment, the market is poised to register a CAGR of 9.3% to be valued at US$ 25.1 Billion. Increasing financial transaction volumes across key verticals has led to increased uptake of efficient financial analytics tools.

Extensive digitization, complicating nature of various financial transactions, rising need to safeguard sensitive financial exchanges and heavy reliance on big data have all contributed immensely to the uptake of financial analytics throughout the 2015-2021 period of assessment. As per market research and competitive intelligence provider Fact.MR, financial analytics market flourished at a CAGR of 10.6% during the said historical period.

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With every industry experiencing rising scale of operations, it is no surprise that they are seeking out approaches to ease financial operations. The need to effectively manage and streamline financial dealings has become the need of the hour. With virtually every vertical shifting business exclusively online in certain areas, courtesy the pandemic, deployment of high-grade financial analytics platforms is sure to incline.

Competitive Landscape

The presence of a large number of service providers renders the global financial analytics market highly competitive. Prominent players are offering highly innovative software solutions, attributed to rapid digitization of the global financial landscape. Besides, important growth strategies such as mergers & acquisitions, collaborations and partnerships are also relied upon.

  • In November 2021Oracle Corporation announced updates to its Fusion ERP Analytics platform which enables finance and operations leaders gain greater visibility into costs and assets to accelerate decision making. These updates include a better understanding of KPIs, metrics and dashboards without the need for coding, integration or data expertise
  • SAP SE announced in March 2022 that it has completed the acquisition of a majority stake of Taulia, a prominent provider of working capital management solutions. This acquisition will fuel SAP’s business network, strengthening its solutions portfolio for the CFO office. Taulia’s solutions will both be tightly integrated into SAP software as well as continue to be available standalone
  • In February 2022Teradata Corporation announced a global partnership with Microsoft to integrate its Vantage data platform with Microsoft Azure. This will permit businesses seeking to modernize their data analytics workloads with security, elasticity and reliability. From retailers providing personalized customer experiences to financial service organizations using automated analytics to track fraud, both companies will connect wide data sets and streamline workflows

Key Segments Covered in the Financial Analytics Industry Survey

  • Financial Analytics by Component :
  • Financial Analytics Solutions
  • Financial Function Analytics
  • Financial Market Analytics
  • Financial Analytics Services
  • Managed Financial Services
  • Professional Financial Services
  • Financial Analytics by Applications :
  • Financial Wealth Management
  • Financial Governance, Risk & Compliance Management
  • Financial Forecasting & Budgeting
  • Customer Financial Management
  • Financial Transaction Monitoring
  • Financial Claims Management
  • Financial Fraud Detection & Prevention
  • Financial Stock Management
  • Financial Analytics by Deployment :
  • On-Premises Financial Analytics Deployment
  • Cloud-based Financial Analytics Deployment
  • Financial Analytics by Organization Size :
  • Financial Analytics for SMEs
  • Financial Analytics for Large Enterprises
  • Financial Analytics by Vertical :
  • Financial Analytics for BFSI
  • Financial Analytics for IT & Telecom
  • Financial Analytics for Government
  • Financial Analytics for Energy & Utilities
  • Financial Analytics for Manufacturing & Automotive
  • Financial Analytics for Healthcare & Pharmaceuticals
  • Financial Analytics for Retail & e-Commerce
  • Financial Analytics for Media & Entertainment
  • Financial Analytics for Transportation & Logistics
  • Financial Analytics for Other Verticals (Real Estate and Education)
  • Financial Analytics by Region :
  • North America Financial Analytics Market
  • Europe Financial Analytics Market
  • Asia Pacific Financial Analytics Market
  • Latin America Financial Analytics Market
  • Middle East & Africa Financial Analytics Market

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About Fact.MR

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