According to IMARC Group latest report titled “Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on global financial analytics market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global financial analytics market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.
What are financial analytics?
Financial analytics refers to the utilization of mathematical and statistical techniques to analyze financial data, including historical and current financial information. Financial analytics encompasses forecasting and prediction, risk management, and portfolio management, utilizing methods such as mathematical models and statistical techniques. The process works by gathering financial data from various sources, such as financial statements, market databases, identifies patterns and trends, and develop mathematical models and predictive algorithms to forecast future financial outcomes. As a result, financial analytics helps in deriving insights and making informed decisions for investment, risk management, and financial planning purposes.
Get a Free Sample Copy of this Report: https://www.imarcgroup.com/financial-analytics-market/requestsample
What are the growth prospects and trends in the financial analytics industry?
The global market is primarily driven by the augmenting demand for data-driven insights in financial institutions and organizations. In line with this, the rising need for risk management and compliance with stringent financial regulatory requirements is providing an impetus to the market. Moreover, the growing adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics in the financial sector is creating lucrative opportunities in the market. In addition to this, an enhanced focus on developing customer-centric financial strategies is also acting as a significant growth-inducing factor for the market. Furthermore, the increasing utilization of cloud-based solutions along with digital transformation to modernize financial operations are creating a positive market outlook. Some of the other factors contributing to the market include rapid digitization, fierce competition between the key players, rising awareness among the masses regarding investment and asset management, and extensive research and development (R&D) activities.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/financial-analytics-market
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Fair Isaac Corporation (FICO)
- Hitachi Vantara
- Information Builders
- Microsoft Inc.
- Oracle Corporation
- Rosslyn Analytics
- SAS Institute
- Teradata Corporation
- Tibco Software
- Zoho Corporation
Financial Analytics Market Segmentation:
Our report has categorized the market based on region, type, component, application, organization size and vertical.
Breakup by Type:
- Database Management System (DBMS)
- Data Integration Tools
- Query, Reporting & Analysis
- Analytics Solutions
Breakup by Component:
- Financial Function Analytics
- Financial Market Analytics
- Managed Services
- Professional Services
Breakup by Application:
- Wealth Management
- Governance, Risk & Compliance Management
- Financial Forecasting & Budgeting
- Customer Management
- Transaction Monitoring
- Stock Management
Breakup by Organization Size:
- Large Enterprises
- Small & Medium Enterprises
Breakup by Vertical:
- Telecom & IT
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Browse Other Reports of IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: firstname.lastname@example.org Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800