PUBLISHER: TechNavio | PRODUCT CODE: 1384550
PUBLISHER: TechNavio | PRODUCT CODE: 1384550
The financial analytics market is forecasted to grow by USD 8,078.2 mn during 2023-2028, accelerating at a CAGR of 12.7% during the forecast period. The report on the financial analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for risk management tools, collaborations and partnerships among vendors, and increased demand for real-time analytics.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 12.05% |
CAGR | 12.7% |
Incremental Value | $8078.2mn |
Technavio's financial analytics market is segmented as below:
By Component
By Deployment
By Geographical Landscape
This study identifies the exponential rise in data generation as one of the prime reasons driving the financial analytics market growth during the next few years. Also, integration of IoT in financial sector and growing use of robo-advisory services will lead to sizable demand in the market.
The report on the financial analytics market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading financial analytics market vendors that include BankTree Software Ltd., Databricks Inc., ExlService Holdings Inc., Fair Isaac Corp., Fractal Analytics Pvt. Ltd., Genpact Ltd., H2O.ai Inc., Hitachi Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Perfios Software Solutions Pvt. Ltd., Quantiphi Inc., Ramp Business Corp., SAP SE, SAS Institute Inc., Teradata Corp., Wipro Ltd., Accenture Plc, and SparkCognition Inc.. Also, the financial analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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