According to IMARC Group latest report titled” Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global financial analytics market report to grow at a CAGR of around 12% during 2021-2026. Financial analytics (FA) is the process of investigating, collecting, monitoring, visualizing, analyzing, and predicting financial statements of an organization through the use of software-based programs. It provides accurate business insights and forecasts the economic scenarios, thus helping in making better decisions. FA also determines the risks while enhancing the business processes by utilizing business intelligence (BI) and analytical tools for asset and liability management, budgetary control, compliance, and risk management.Get a sample copy of this Report: www.imarcgroup.com/financial-analytics-market/requestsample
Market Trends:
The global financial analytics market is primarily driven by the rising adoption of FA solutions in medium and large-scale organizations for efficient financial planning and budgeting. It finds applications across the banking, financial services, and insurance (BFSI), healthcare, manufacturing, and information technology (IT) sectors. Furthermore, the growing trend of digitization coupled with the emerging trend of cloud computing is also contributing to the market growth. Moreover, the integration of machine learning (ML) and artificial intelligence (AI) with FA, along with technological advancements from big data to data warehouses and customer analytics, have also prompted various firms to adopt financial analytics solutions around the world.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Alteryx
Birst
Domo
Fair Isaac Corporation (FICO)
Hitachi Vantara
IBM
Information Builders
Microsoft Inc.
Oracle Corporation
Qlik
Rosslyn Analytics
SAP
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.
Market Breakup by Type:
Database Management System (DBMS)
Data Integration Tools
Query, Reporting & Analysis
Analytics Solutions
Others
Market Breakup by Component:
Solutions
Financial Function Analytics
Financial Market Analytics
Services
Managed Services
Professional Services
Market Breakup by Application:
Wealth Management
Governance, Risk & Compliance Management
Financial Forecasting & Budgeting
Customer Management
Transaction Monitoring
Stock Management
Others
Market Breakup by Organization Size:
Large Enterprises
Small & Medium Enterprises
Market Breakup by Vertical:
BFSI
Telecom & IT
Manufacturing
Government
Education
Others
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