Financial Analytics Market by Components, Utility, Application, Deployment Model, Enterprise Size, End-user Verticals

List of Tables

[195 Pages Report] The Financial Analytics Market size was estimated at USD 16.50 billion in 2023 and expected to reach USD 18.14 billion in 2024, at a CAGR 10.36% to reach USD 32.92 billion by 2030.

Global Financial Analytics Market

KEY MARKET STATISTICS
Base Year [2023]	USD 16.50 billion
Estimated Year [2024]	USD 18.14 billion
Forecast Year [2030]	USD 32.92 billion
CAGR (%)	10.36%

Financial analytics is a comprehensive and systematic approach to evaluating and interpreting the financial health, performance, and stability of a company or investment. It involves applying advanced statistical techniques, data mining methodologies, quantitative models, and sophisticated software tools to analyze large financial data sets. The growing use of financial analytics has contributed to simplifying financial assessment and management procedures to attain deeper insights, make informed decisions, and automate complex processes. In addition, an increasing burden of financial risks faced by financial institutions and bank entities necessitated robust risk mitigation strategies and enhanced regulatory compliance measures, promoting financial analytics solutions. Financial analytics helps businesses stay ahead of the curve by continuously monitoring key performance indicators (KPIs) such as revenue growth, operating margins, and return on investment (ROI) using real-time data. Deploying advanced financial analytics tools often necessitates significant investment in technology infrastructure, data management platforms, and skilled human resources. In addition to economic challenges, concerns regarding data privacy and security have emerged as key issues within financial analytics, limiting the usage of financial analytics worldwide. However, integrating cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing is crucial in managing financial decisions to harness expansive amounts of data to make informed decisions and accurately predict market trends. In addition, adopting financial analytics for cost optimization and predictive analytics to reduce manual effort and operational costs while enhancing decision-making capabilities through sophisticated analytical tools is expected to provide growth opportunities for the market in the coming years.

Regional Insights

The matured financial sector, widespread adoption of advanced technologies, stringent regulatory requirements, increased focus on risk management, and technological advancements are encouraging the enterprises in the Americas to invest heavily in financial analytics solutions. The APAC region is witnessing rapid growth in demand for financial analytics attributed to tremendous advancements in digitization initiatives coupled with supportive government policies that foster growth within finance sectors. Moreover, the rise of mobile banking platforms has further accelerated digital payments, directly impacting demand for financial analytics in the APAC region. Inclination toward adopting advanced technologies for enhancing their finance sectors and emphasis on regulatory compliance coupled with efforts to prevent financial data against fraudulent activities contributes significantly to the rising demand for financial analytics in the EMEA region. Additionally, the integration of cutting-edge technologies and the development of advanced financial analytics are anticipated to increase their adoption by the end-use sectors worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Financial Analytics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Financial Analytics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Financial Analytics Market, highlighting leading vendors and their innovative profiles. These include Alteryx, Inc., BlackRock, Inc., Cube Planning, Inc., Deloitte Touche Tohmatsu Limited, Deutsche Borse AG, FinancialCAD Corporation, Fiserv, Inc., Hitachi Vantara LLC, IFS AB, International Business Machines Corporation, Jedox GmbH, Jirav Inc., London Stock Exchange Group plc, Microsoft Corporation, Moody's Analytics, Inc., Morningstar, Inc., MSCI Inc., Oracle Corporation, Palantir Technologies Inc., QlikTech International AB, RIB Software GmbH Solution, S&P Global Inc., Salesforce, Inc., SAP SE, SAS Institute Inc., Teradata Corporation, TIBCO by Cloud Software Group, Inc., Verisk Analytics, Inc., and Zoho Corporation Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Financial Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Components
- Services
  - Managed Services
  - Professional Services
- Software
Utility
- Credit Rating Solutions
- Financial Data Solutions
- Financial Exchanges
- Financial Indexes
Application
- Audit, Risk & Compliance Management
- Business Intelligence & Analytics
- Business Transaction Processing & Monitoring
- Claim Management
- Customer Management
- Financial Forecasting & Budgeting
- Fraud Detection & Prevention
- Stock Management
- Wealth Management
Deployment Model
- On-Cloud
- On-Premise
Enterprise Size
- Large Enterprises
- SMEs
End-user Verticals
- Banking, Financial Services, & Insurance (BFSI)
- Energy & Utilities
- Government
- Healthcare & Pharmaceutical
- IT & Telecom
- Manufacturing & Automotive
- Media & Entertainment
- Retail & eCommerce
- Transportation & Logistics
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Financial Analytics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Financial Analytics Market?

3. What are the technology trends and regulatory frameworks in the Financial Analytics Market?

4. What is the market share of the leading vendors in the Financial Analytics Market?

5. Which modes and strategic moves are suitable for entering the Financial Analytics Market?

Product Code: MRR-521BAA36ECCF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Financial Analytics Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing use of financial analytics to simplify financial assessment and management procedures
  - 5.1.1.2. Increasing burden of financial risks among financial institutes and banks
  - 5.1.1.3. Rising investments and trading activities in real-time information access
- 5.1.2. Restraints
  - 5.1.2.1. High cost of implementing financial analytics solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of AI, ML, blockchain and cloud-based technologies to manage financial decisions
  - 5.1.3.2. Potential adoption for cost optimization and predictive analytics
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding data privacy and security
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Financial Analytics Market, by Components

6.1. Introduction
6.2. Services
- 6.3.1. Managed Services
- 6.3.2. Professional Services
6.3. Software

7. Financial Analytics Market, by Utility

7.1. Introduction
7.2. Credit Rating Solutions
7.3. Financial Data Solutions
7.4. Financial Exchanges
7.5. Financial Indexes

8. Financial Analytics Market, by Application

8.1. Introduction
8.2. Audit, Risk & Compliance Management
8.3. Business Intelligence & Analytics
8.4. Business Transaction Processing & Monitoring
8.5. Claim Management
8.6. Customer Management
8.7. Financial Forecasting & Budgeting
8.8. Fraud Detection & Prevention
8.9. Stock Management
8.10. Wealth Management

9. Financial Analytics Market, by Deployment Model

9.1. Introduction
9.2. On-Cloud
9.3. On-Premise

10. Financial Analytics Market, by Enterprise Size

10.1. Introduction
10.2. Large Enterprises
10.3. SMEs

11. Financial Analytics Market, by End-user Verticals

11.1. Introduction
11.2. Banking, Financial Services, & Insurance (BFSI)
11.3. Energy & Utilities
11.4. Government
11.5. Healthcare & Pharmaceutical
11.6. IT & Telecom
11.7. Manufacturing & Automotive
11.8. Media & Entertainment
11.9. Retail & eCommerce
11.10. Transportation & Logistics

12. Americas Financial Analytics Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Financial Analytics Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Financial Analytics Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
  - 15.3.1.1. Vestwell Taps Workplace Financial Wellness With Gradifi Solutions Acquisition
  - 15.3.1.2. Money.Net Acquires ChatterQuant, Expanding Financial Intelligence Offerings
- 15.3.2. New Product Launch & Enhancement
  - 15.3.2.1. Google Cloud Launched AI-Powered Anti Money Laundering Product for Financial Institutions

16. Competitive Portfolio

16.1. Key Company Profiles
- 16.1.1. Alteryx, Inc.
- 16.1.2. BlackRock, Inc.
- 16.1.3. Cube Planning, Inc.
- 16.1.4. Deloitte Touche Tohmatsu Limited
- 16.1.5. Deutsche Borse AG
- 16.1.6. FinancialCAD Corporation
- 16.1.7. Fiserv, Inc.
- 16.1.8. Hitachi Vantara LLC
- 16.1.9. IFS AB
- 16.1.10. International Business Machines Corporation
- 16.1.11. Jedox GmbH
- 16.1.12. Jirav Inc.
- 16.1.13. London Stock Exchange Group plc
- 16.1.14. Microsoft Corporation
- 16.1.15. Moody's Analytics, Inc.
- 16.1.16. Morningstar, Inc.
- 16.1.17. MSCI Inc.
- 16.1.18. Oracle Corporation
- 16.1.19. Palantir Technologies Inc.
- 16.1.20. QlikTech International AB
- 16.1.21. RIB Software GmbH Solution
- 16.1.22. S&P Global Inc.
- 16.1.23. Salesforce, Inc.
- 16.1.24. SAP SE
- 16.1.25. SAS Institute Inc.
- 16.1.26. Teradata Corporation
- 16.1.27. TIBCO by Cloud Software Group, Inc.
- 16.1.28. Verisk Analytics, Inc.
- 16.1.29. Zoho Corporation Pvt. Ltd.
16.2. Key Product Portfolio

17. Appendix

17.1. Discussion Guide
17.2. License & Pricing