Financial Analytics Market - Growth, Trends, and Forecast (2020 - 2025)

The Financial Analytics Market is segmented by Deployment (On-premise, On-cloud), Solution (Database Management and Planning, Analysis and Reporting), End-user Vertical (BFSI, Healthcare, Manufacturing), and Geography.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.96 %

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Market Overview

The Financial Analytics Market was valued at USD 7.72 billion in 2019 and is expected to reach USD 15.21 billion by 2025, at a CAGR of 11.96% over the forecast period 2020 - 2025. With the ongoing technological advancements, the increasing need for cloud-based service, and the increasing demand for financial analytics solutions in various organizations and verticals are expected to boost the market studies.

  • In this economic environment of rising volatility, growing uncertainty and risk, financial planning, managing, and forecasting solutions provide the user with speed, agility, and foresight about the business to compete in the market in a better way.
  • Using these solutions, clients can synthesize information better, uncover trends in the market, and deliver insights to improve decision making throughout the enterprise, which is the driving factor for the market. 
  • Moreover, with the growing focus on data-driven financial decisions in various end-user verticals, and the emergence of big data, demands solutions which can tackle large amounts of data and can provide valuable insights, are some of the factor driving the growth of the market
  • Furthermore, with the development of enhanced technologies in business analytics and business intelligence domain and the extended focus on data transparency, is driving the demand for these solutions across various industries.

Scope of the Report

Financial analytics is basically a concept that provides different views on the financial data of a business. It helps in gaining in-depth knowledge and based on that take strategic actions to improve a business overall performance. Financial analytics is a subset of BI and EPM and has an impact on every aspect of the business. 

By Deployment Type
On-premise
Cloud
By Solution Type
Database Management and Planning
Analysis and Reporting
Other Types
By End-user Vertical
BFSI
Healthcare
Manufacturing
Government
IT and Telecom
Other End-user Verticals
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
Singapore
India
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle-East & Africa
United Arab Emirates
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Cloud Based Solutions to Witness the Highest Growth

  • Cloud-based solutions are expected to witness the highest growth over the forecast period owing to the benefits it offers, such as these solutions facilitates collaboration between partners, improves business functions and provides agility. Further, it allows organizations to incorporate data from all sources, across all channels, and do it at a big data scale.
  • Moreover, without these cloud-based solutions, data collection from all internal applications, social networks, devices, and data subscriptions would be comparatively expensive for most of the organizations. In addition, the BFSI industry is making a move towards these cloud-based solutions, further driving the demand for cloud-based analytics solutions.
  • Also, in the coming years, with the increase in the application of cloud analytics, it is expected to drive the financial analytics solutions adoption also. Moreover, cloud computing acceptance across various industries in the recent past is assumed to have a positive effect on the financial analytics market.

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Asia-Pacific to Witness the Highest Growth

  • The Aisa Pacific region is expected to witness the highest growth rate during the forecast period as the market in this region correlates with the growth in the end-user industries in the region which is growing.
  • Moreover, in countries, like China, with the deployment of big data technology across various end-user industries is expected to drive the analytics services market in this region with the financial services sector leading the way.
  • In addition, India’s financial analytics market is still in its early stage of development with huge growth potential. Also, as cloud adoption is gaining pace in the region’s end-user industries, the demand for cloud-based analytics is further expected to increase. As the market is expected to acquire pace, the demand for analytics services is expected to increase in the future.

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Competitive Landscape

The financial analytics market is highly competitive owing to the presence of many players in the domestic as well as international market. The market appears to be moderately concentrated and the key strategies adopted by the major players are product innovation, partnerships. Some of the major players in the market are IBM Corporation, Microsoft Corporation, Oracle Corporation among others.

  • January 2019 -  SAP SE announced its new SAP S/4HANA for financial products sub-ledger. The solution provides a central hub to manage data between operational and finance systems, streamlining accounting flows and supporting increased transparency and control.
  • January 2018 - BT announced a partnership with IBM Corporation launching BT Cloud Connect Direct for IBM. With Cloud Connect Direct for IBM, BT customers will receive a connection to the IBM Cloud enabling access to services including compute, network and storage infrastructure, artificial intelligence, blockchain, IoT, and data and analytics capabilities

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Advancement in BI and Business Analytics Tools

      2. 4.2.2 Growing Focus on Data Driven FInancial Decisions in End Users

    3. 4.3 Market Restraints

      1. 4.3.1 Cyberattacks and Data Breach Risks

    4. 4.4 Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Deployment Type

      1. 5.1.1 On-premise

      2. 5.1.2 Cloud

    2. 5.2 By Solution Type

      1. 5.2.1 Database Management and Planning

      2. 5.2.2 Analysis and Reporting

      3. 5.2.3 Other Types

    3. 5.3 By End-user Vertical

      1. 5.3.1 BFSI

      2. 5.3.2 Healthcare

      3. 5.3.3 Manufacturing

      4. 5.3.4 Government

      5. 5.3.5 IT and Telecom

      6. 5.3.6 Other End-user Verticals

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 Singapore

        4. 5.4.3.4 India

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Mexico

        2. 5.4.4.2 Brazil

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle-East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 FICO

      2. 6.1.2 Hitachi Vantara

      3. 6.1.3 Information Builders

      4. 6.1.4 IBM Corporation

      5. 6.1.5 Microsoft Corporation

      6. 6.1.6 Oracle Corporation

      7. 6.1.7 Rosslyn Analytics Limited

      8. 6.1.8 SAP SE

      9. 6.1.9 SAS Institute

      10. 6.1.10 Teradata Corporation

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS

  9. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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