PUBLISHER: Value Market Research | PRODUCT CODE: 1547343
PUBLISHER: Value Market Research | PRODUCT CODE: 1547343
The global demand for Financial Analytics Market is presumed to reach the market size of nearly USD 74.77 Billion by 2032 from USD 18.25 Billion in 2023 with a CAGR of 16.96% under the study period 2024-2032.
Financial analytics is a concept that provides a different view of the financial data of a company. It gives insight into organizations' financial status, cash flow, improves profitability, and business value. It involves using massive amounts of financial and other relevant data to identify patterns to make predictions. Financial analytics offers in-depth knowledge and takes strategic actions against them to improve a business's overall performance. By assisting companies in understanding their top and bottom-line performance, measuring and managing their assets, and forecasting variations within the organizations and industries in which they compete.
The global financial analytics market is anticipated to grow at an exciting rate during the forecast period. Increasing competition and the rising need for precise and predictive financial analysis drive the global financial analytics market. Currently, highly competitive business environment, companies need more from finance than accurate financial statements and reports. They need forward-looking, predictive insights that can help shape future business strategies and improve day-to-day decision-making in real-time. The rising need for reducing planning and budgeting cycles and increasing adoption of predictive analytics across industries is predicted to bring new market opportunities. The emergence of new IT applications and infrastructure, such as big data and advanced analytics, and the evolution of AI and machine learning is revolutionized the way financial things are analyzed. However, a surge of new regulations and economic standards is hampering market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Financial Analytics. The growth and trends of Financial Analytics industry provide a holistic approach to this study.
This section of the Financial Analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Financial Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Financial Analytics market include Microsoft Corporation, IBM Corporation, Oracle, Hitachi Vantara, SAS Institute, TIBCO, SAPSE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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