Size of the financial analytics market worth $25.38 billion, globally, by 2028 at 11.53% CAGR: Verified Market Research®

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JERSEY CITY, NJ, January 17, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Financial Analysis MarketBy type of deployment (on-premises, cloud), by type of solution (database management and planning, analytics and reporting), by end user (BSFI, healthcare, manufacturing) and by geography. According to verified market research, the global financial analytics market size was valued at $10.56 billion in 2020 and is expected to reach $25.38 billion by 2028, growing at a CAGR of 11.53% from 2021 to 2028.

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Browse the table of contents in depth toFinancial Analysis Market

202 – Pages
126 – Tables
37 – Numbers

Global Financial Analytics Market Overview

Financial analysis can be defined as an assessment of the viability and profitability of a business. Financial analysis is performed by professionals who use information from financial statements and other reports. One of the most important uses of Financial Analytics is to predict possible future financial scenarios. Financial analysis software is used for analysis to speed up the process and present data in an understandable way for clients. Advancements continue regarding business analytics tools along with increased adoption of cloud-based solutions act as drivers for market growth. Financial analysis requires significant investments and is affected by the changing environment. These factors may prevent the market from growing at a higher rate.

The ability of companies to maximize the potential of big data analytics for the telecommunications industry and the prospect of increased revenue for service providers through financial analytics is driving the growth of the market. However, the maintenance of financial analysis requires a large amount of maintenance and high complexity related to financial analysis makes it more difficult to obtain actionable insights and, therefore, these factors restrain the growth of the market financial analysis.

Ongoing technological advancements, growing need for cloud-based services, and growing demand for financial analytics solutions across various organizations and verticals will drive market research. In this economic environment characterized by increasing volatility, uncertainty and increasing risks, financial planning, management and forecasting solutions offer the user speed, agility and foresight on activities likely to compete better in the market. With these solutions, customers can better synthesize information, uncover market trends, and provide insights to improve decision-making across the enterprise, which is driving market growth.

Key developments

  • July 2020: Oracle announced Oracle Dedicated Region [email protected] for its customers. It is the industry’s first fully managed cloud region that brings all of Oracle’s public cloud services, including Oracle Autonomous Database and Cloud applications, to customers’ data centers.
  • February 2020 – Microsoft opened a new data center region in Spain and expanded its strategic partnership with Telefónica to boost spain competitiveness. As part of their strategic partnership, the two companies will develop joint go-to-market plans in all countries where Telefónica operates.

Key players

The major market players are FICO, Hitachi Vantara, Information Builders, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rosslyn Analytics Limited, SAP SE, SAS Institute, and Teradata Corporation.

Verified Market Research has segmented the global financial analytics market on the basis of deployment type, solution type, end user, and geography.

  • Financial Analytics Market, By Deployment Type
  • Financial Analytics Market, By Solution Type
    • Database management and planning
    • Analysis and reports
    • Others
  • Financial Analytics Market, By End User
    • OSFI
    • Health care
    • Manufacturing
    • Others
  • Financial Analytics Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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