Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Financial Analytics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Financial Analytics was estimated at US$13.2 Billion in 2023 and is projected to reach US$24.1 Billion by 2030, growing at a CAGR of 9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Deloitte Consulting LLP, FICO (Fair Isaac Corporation), Hitachi Consulting Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the financial analytics market is driven by several factors that are reshaping how businesses operate and make decisions. One of the primary drivers is the increasing adoption of advanced technologies such as artificial intelligence, machine learning, and big data analytics. These technologies enable companies to process vast amounts of financial data in real-time, allowing for more precise forecasting, risk assessment, and decision-making. As more organizations realize the competitive advantages these technologies offer, there has been a significant surge in the demand for financial analytics solutions that incorporate them.
Another factor fueling market growth is the shift toward cloud-based analytics platforms. Cloud technology has made financial analytics more accessible, offering scalability and flexibility that traditional on-premise solutions cannot match. This shift is particularly advantageous for small to medium-sized enterprises (SMEs), which now have the ability to leverage high-level financial analytics without the need for extensive infrastructure investments. In addition, the rise of data-driven decision-making across industries such as banking, retail, and healthcare has contributed to the growing need for advanced financial analytics. Companies in these sectors are increasingly using financial analytics to optimize pricing strategies, enhance customer experiences, and manage operational risks, further driving market expansion.
Moreover, evolving consumer behaviors are playing a crucial role in shaping the financial analytics market. As consumers demand more personalized and efficient services, businesses are using financial analytics to tailor their offerings to individual customer needs. In the banking industry, for example, financial institutions are leveraging analytics to offer personalized investment advice and financial products. Finally, regulatory pressures, especially in highly regulated industries like finance and healthcare, are pushing companies to adopt advanced financial analytics solutions to comply with stringent reporting and compliance standards. Together, these factors are propelling the rapid growth of the financial analytics market, making it an essential tool for modern businesses looking to thrive in a data-driven world.
Global Financial Analytics Market - Key Trends and Drivers Summarized
- Why Is Financial Analytics Reshaping the Future of Business Strategy?
- How Is Big Data Changing the Way Companies Make Financial Decisions?
- What Role Do Emerging Technologies Play in Enhancing Financial Analytics?
Key Insights
- Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$17.2 Billion by 2030 with a CAGR of a 8.5%. The Services Component segment is also set to grow at 10.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $3.6 Billion in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $3.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Financial Analytics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Financial Analytics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Financial Analytics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 19 Featured):
- Deloitte Consulting LLP
- FICO (Fair Isaac Corporation)
- Hitachi Consulting Corporation
- IBM Corporation
- Microsoft Corporation
- MicroStrategy, Inc.
- Oracle Corporation
- Rosslyn Analytics, Ltd.
- SAP SE
- SAS Institute, Inc.
- Symphony Teleca
- Tableau Software, Inc.
- Teradata Corporation
- TIBCO Software, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 162 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $13.2 Billion |
| Forecasted Market Value (USD) by 2030 | $24.1 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Financial Analytics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Utilization of Financial Analytics in Retail Banking for Personalized Service Offerings
- Application in Capital Markets to Enhance Trading Strategies and Risk Management
- Adoption of Financial Analytics in Credit Management to Assess Borrower Solvency
- Expanding Use of Analytic Tools for Fraud Detection and Prevention in Financial Transactions
- Integration of Financial Analytics in Public Sector Budgeting and Fiscal Policy Development
- Application in Wealth Management for Optimized Asset Allocation and Performance Tracking
- Deployment of Analytics in Financial Audit and Compliance Monitoring
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hgxauz
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