Financial Analytics Market Research Report by Forecast to 2024

Posted by Kiran on February 18th, 2020

Financial Analytics Market Synopsis:

The need to take data-driven financial decisions is spurring financial analytics. Reports that investigate the information and communication technology industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. A CAGR of 10.4 % during the forecast period is expected to encourage the market to reach USD 11.58 billion by 2024.

The incremental growth in business intelligence is expected to have a favorable influence on the growth of the market. Moreover, the incremental use of business analytics tools is expected to further the market share of financial analytics. Also, the establishment of financial regulations and standards is estimated to spur the financial analytics market in the forecast period.

Access Report Details @ https://www.marketresearchfuture.com/reports/financial-analytics-market-7680

Competitive Analysis:

The well-known contenders in the Global Financial Analytics Marketare Google (US), SAP (Germany), TABLEAU SOFTWARE (US), Zoho Corporation (India), SAS Institute Inc. (US), Rosslyn Data Technologies (UK), Deloitte Touche Tohmatsu Limited (US), QlikTech International AB (US), MicroStrategy Incorporated (US), and ALTERYX, INC. (US).

Segmental Analysis:

The evaluation of the segments in the financial analytics market has been segmented on the basis of vertical, deployment, organization size, component, application, and region/country.

• On the basis of the component, the financial analytics market has been split into software and service.By deployment mode, the financial analytics market has been segmented into cloud and on-premise.
• On the basis of the organization size, the financial analytics market has been segmented into large enterprises and small & medium-sized enterprises (SMEs).
• On the basis of application, the financial analytics market has been segmented into risk and compliance management, customer management, fraud detection and prevention governance, wealth management, transaction monitoring, stock management, financial forecasting and budgeting, and others.Based on the vertical, the financial analytics market has been segmented into retail & e-commerce, banking, healthcare and life sciences, financial services and insurance (BFSI), government and defense, energy and utilities, telecommunication and IT, transportation and logistics, manufacturing and automotive, and others.

Detailed Regional Analysis:

The geographic analysis of the financial analytics market covers North America, Europe, Asia-Pacific, and the rest of the world.The financial analytics market is projected to expand during the forecast period from 2019 to 2024.The North American region is accountable for the maximum market share due to the speedy implementation of financial analytics.

The US, Mexico, and Canada are the foremost countries in the region. The BFSI, retail and e-commerce, and government verticals are anticipated to be the important verticals which are exploiting financial analytics solutions in the North American region. The US and Canada are observing high implementation of advanced technologies for improved management of resources, which consist of financial analytics solutions.

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