DUBLIN–(BUSINESS WIRE)–The “Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global financial analytics market exhibited strong growth during 2015-2020. Looking forward, the publisher expects the global financial analytics market to grow at a CAGR of around 12% during 2021-2026.
Financial analytics (FA) refers to the investigation of financial statements of an organization through software-based programs. It aims to provide accurate business insights and forecast economic scenarios. The obtained insights are represented numerically and graphically on a digital dashboard to improve business strategy and routine decision-making. FA utilizes business intelligence (BI) and analytical tools for asset and liability management, budgetary control, compliance and risk management. Owing to these benefits, FA finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, manufacturing and information technology (IT) industries.
The rising trend of digitization, along with the increasing adoption of cloud computing across the globe, is among the key factors driving the growth of the market. Various medium- and large-scale organizations are adopting FA solutions for efficient financial planning and budgeting. FA solutions also aid in tracking customer behavior and monitoring revenue generation and expenses, along with the optimum utilization of resources. Furthermore, the integration of machine learning (ML) and artificial intelligence (AI) with FA is also providing a boost to the market growth, as they offer enhanced accuracy and resilience of financial decisions, along with risk mitigation and fraud detection capabilities. Additionally, the growing need to process large amounts of unstructured information for making data-driven organizational decisions is also contributing to the growth of the market. Other factors, including advancements in the BI and big-data (BA) tools, the thriving BFSI industry, along with the growing retail and e-commerce sectors, are projected to drive the market further.
Companies Mentioned
Alteryx Birst Domo Fair Isaac Corporation (FICO) Hitachi Vantara IBM Information Builders Microsoft Inc. Oracle Corporation Qlik Rosslyn Analytics SAP SAS Institute Teradata Corporation Tibco Software Zoho Corporation Key Questions Answered in This Report:
How has the global financial analytics market performed so far and how will it perform in the coming years? What are the key regional markets in the global financial analytics industry? What has been the impact of COVID-19 on the global financial analytics industry? What is the breakup of the market based on the type? What is the breakup of the market based on the components? What is the breakup of the market based on the application? What is the breakup of the market based on the organization size? What is the breakup of the market based on the verticals? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global financial analytics industry and who are the key players? What is the degree of competition in the market? Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Financial Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Application
9 Market Breakup by Organization Size
10 Market Breakup by Vertical
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/bb6j3b