Financial Analytics Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Financial Analytics Market was valued at USD 10.9 billion in 2023 and is expected to expand at a CAGR of 11.6% from 2024 to 2032. This growth is largely driven by the rising reliance on data-driven insights among businesses and institutions to make informed decisions in dynamic economic conditions. As financial markets experience rapid shifts, real-time analysis of trends, investment behaviors, and economic indicators has become essential for staying competitive and adapting to changing landscapes. Additionally, the proliferation of big data has allowed financial analytics tools to deliver precise forecasts, risk assessments, and strategic guidance. Artificial intelligence (AI) is also a key driver in this sector, particularly within the BFSI (banking, financial services, and insurance) domain and AI-driven analytics enable deeper insights and more effective risk management.

As the demand for more advanced, actionable insights grows, prescriptive analytics plays a pivotal role in the financial analytics market. By integrating predictive models with optimization techniques, prescriptive analytics provides solutions to complex fiscal challenges, enabling more precise portfolio management, risk assessments, and resource allocation. Based on organization size, the financial analytics market is divided into SMEs and large enterprises account for over 65% of the market share in 2023. Large enterprises are finding lucrative growth opportunities in strategic partnerships, where collaborations with technology providers and consultancy firms help integrate advanced analytics into existing infrastructures. These partnerships enhance efficiency and improve the deployment of analytics solutions across complex organizational structures.

Segmented by end-use, the financial analytics market spans industries like BFSI, retail & consumer goods, manufacturing, IT & telecommunications, government, transportation & logistics, and healthcare. The BFSI sector held a leading share of 25.8% in 2023, driven by the constant need for real-time insights to support decision-making, mitigate risks, detect fraud, and enhance customer experiences. With substantial volumes of financial data produced daily, the BFSI sector depends heavily on precise analytics for operational efficiency and informed strategy development. Regionally, the U.S. dominated the market with a 70% revenue share in 2023. Its stronghold is supported by a thriving fintech ecosystem, robust financial institutions, and extensive regulatory frameworks that foster innovation in analytics.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$10.9 Billion
Forecast Value	$28.3 Billion
CAGR	11.6%

The country's financial sector leverages analytics for real-time risk management, compliance, and operational insights, supported by a rich startup ecosystem and advanced technological infrastructure. In summary, the global financial analytics market is set to grow significantly as industries increasingly prioritize data-driven decision-making. This shift underscores the importance of analytics in addressing complex financial challenges, managing risks, and enhancing competitiveness across sectors, with advanced solutions tailored to specific needs driving market expansion.

Product Code: 1923

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Software provider
- 3.2.2 Service provider
- 3.2.3 Technology provider
- 3.2.4 Integrator
- 3.2.5 End use
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Increasing need to reduce planning and budgeting cycles
  - 3.7.1.2 Proliferation of big data and advanced analytics across financial operations
  - 3.7.1.3 Increasing adoption of predictive analytics across industries
  - 3.7.1.4 Need for better management of risk and compliance issues
  - 3.7.1.5 Catalyzed investments in the fintech industry
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 Data integration complexities from data silos
  - 3.7.2.2 Dynamic regulatory framework and changing financial standards
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Solution
- 5.2.1 Data integration tools
- 5.2.2 DBMS
- 5.2.3 Query, reporting & analysis
- 5.2.4 OLAP & visualization tools
5.3 Services
- 5.3.1 Professional
- 5.3.2 Managed

Chapter 6 Market Estimates & Forecast, By Deployment Model, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 On-premises
6.3 Cloud

Chapter 7 Market Estimates & Forecast, By Organization Size, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 SME
7.3 Large enterprises

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Unit)

8.1 Key trends
8.2 General ledger analytics
8.3 Wealth management
8.4 Budgetary control management
8.5 GRC management
8.6 Customer management
8.7 Payables/receivables analytics
8.8 Transaction monitoring
8.9 Others

Chapter 9 Market Estimates & Forecast, By End Use, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 Retail & consumer goods
9.3 BFSI
9.4 Manufacturing
9.5 IT & telecom
9.6 Government & public sector
9.7 Transportation & logistics
9.8 Healthcare
9.9 Others

Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Nordics
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 UAE
- 10.6.3 Saudi Arabia

Chapter 11 Company Profiles

11.1 Alteryx
11.2 Datapine
11.3 Domo
11.4 FICO
11.5 GoodData
11.6 Hitachi Vantara
11.7 IBM
11.8 Information Builders
11.9 Microsoft
11.10 MicroStrategy
11.11 Oracle
11.12 QlikTech
11.13 Rosslyn Data Technologies
11.14 Salesforce
11.15 SAP
11.16 SAS
11.17 Teradata
11.18 TIBCO
11.19 Zoho

Financial Analytics Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032