Global Financial Analytics Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.
Global Financial Analytics Market Dynamics:
Finance analytics is the science and art of pulling together data in a meaningful and logical view to support compliance and decision making with confidence. It is about gaining control and governance over analytical processes because that reduces risk and enables finance and business leaders to reuse critical data, rather than coming up with unique calculations in each situation and spending non value added time reconciling or debating the numbers. Various factors such as rising demand for real time analytics in financial system, increasing penetration of internet of things, rising adoption of cloud services and solutions, growing awareness about usage of financial analytics, are driving the global financial analytics market over forecast period. Additionally, the development of innovative business models such as business-to-employee, technological development and its influence on business processes in an organization along with high degree of automation in financial department for different financial transactions are expected to create lucrative opportunities over forecast period.
However, factors such as data security concerns, internet connectivity issues in developing economies are restraining the global financial analytics market growth.
Global Financial Analytics Market segmented by deployment type, by Organization Size, by application, by end-user and by region. By deployment type, cloud based solutions dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period owing to the benefits it offers, such as these solutions facilitates collaboration between partners, improves business functions and provides agility. Further, it allows organizations to incorporate data from all sources, across all channels, and do it at a big data scale.
By Organization Size, large enterprises segment is expected to hold highest market share over forecast period. Large enterprises are making a move towards these financial analytics solutions. Technological development and its influence on business processes in a large organizations along with high degree of automation in financial department for different financial transactions, is expected to drive the growth of this segment over forecast period.
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and South America. Among all of these North America held 39.04% of market share in 2019 and is expected keep its dominance over forecast period owing to development in enterprise applications and solutions in United States and Canada. North America is followed by APAC and Europe. APAC is expected to hold xx% of market share over forecast period. Market in this region correlates with the growth in the end-user industries in the region which is growing. Moreover, in countries like China, India, South Korea and Japan and End-User industries are adopting big data technology rapidly which is expected to create lucrative opportunities over forecast period.
Report covers in depth analysis of key development, marketing strategies, supply chain analysis, value chain analysis and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are SAP A.G., International Business Machines Corporation (IBM), Oracle Corporation, TIBCO Software Inc., MicroStrategy Inc, Deloitte Touche Tohmatsu Limited, Hitachi Consulting Corporation, Information Builders, Fair Isaac Corporation (FICO) and Microsoft Corporation among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisition, expansion, collaborations, strategic alliances, joint venture’s, new product launches and patent to increase their regional presence and business opeartions. Among all of these players SAP SE is dominated the global market in 2019 and is expected to keep its dominance over forecast period. SAP SE offers both cloud based and on premises solutions to their End-Users. Recently, SAP SE launched its new SAP S/4HANA solutions for financial products sub-ledger. The solution provides a central hub to manage data between operational and finance systems, streamlining accounting flows and supporting increased transparency and control.
The objective of the report is to present a comprehensive analysis of the Global Financial Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Financial Analytics Market dynamics, structure by analyzing the market segments and project Global Financial Analytics Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Financial Analytics Market make the report investor’s guide.
Scope of Global Financial Analytics Market
Global Financial Analytics Market segmentation by deployment type
Global Financial Analytics Market segmentation by Organization Size
• Small & Medium Enterprise (SME)
• Larger Enterprise
Global Financial Analytics Market segmentation by application
• Asset and liability management
• Budgetary control management
• General ledger management
• Payable management
• Receivable management
• Profitability management
Global Financial Analytics Market segmentation by End-User
• Banking, Financial Services & Insurance (BFSI)
• Food & Beverages
• Transportation & Logistics
• Consumer goods & Retail
Global Financial Analytics Market segmentation by Region
• North America
• MEA& Africa
• South America
Global Financial Analytics Market Major Players
• SAP SE
• International Business Machines Corporation (IBM)
• Oracle Corporation
• TIBCO Software Inc.
• MicroStrategy Inc.
• Deloitte Touche Tohmatsu Limited
• Hitachi Consulting Corporation
• Information Builders
• Fair Isaac Corporation (FICO)
• Microsoft Corporation
• Symphony Teleca Corp.
• Teradata Corp
• Tableau Software Inc.
• Rosslyn Analytics Ltd.
• SAS Institute Inc.
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