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Global Financial Analytics Market Research and Forecast, 2019-2025

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  • February 2019
  • Region: Global
  • Orion Market Research Private Limited
  • ID: 4753713
Financial Analytics Market Size, Share & Trends Analysis Report, By Type (OLAP & Visualization Tools, Reporting & Analysis, Consulting & Support Services, and Others), By Verticals (BFSI, Government, Healthcare, Transportation & Logistics and Others), and Forecast, 2019-2025.

Financial analytics is an area that provides deep insights on financial status and improves the value, cash flow and profitability of the business. Financial analytics tools enable to answer all the queries related to business and forecasts the future of the business. In addition, the platform focuses on managing and measuring the tangible assets of the organization, such as machinery, cash, and others. This, in turn, supports in making smart decisions to minimize business waste and increase the business revenue. Moreover, accounting, taxation and other financial areas having a data warehouse that integrates with analytics to efficiently run business operations and achieve the goals faster. The crucial factors leading to propel the growth of the market include the rise of big data and the Internet of Things (IoT), growth in e-commerce sales and technological innovations.

Additionally, increasing adoption of cloud computing is also boosting the growth of the market. In 2018, according to Eurostat, 26% of EU enterprises used cloud computing, primarily for storage of file and e-mails. 55% of those firms utilized advanced cloud services for customer relationship management, accounting, and financial software applications, or to the use of computing power to run business applications. The use of cloud computing in the EU has increased significantly in large enterprises in 2018, compared to 2014. Of these, Finland accounted for higher adoption of cloud computing with 65.3% and Sweden represented 57.2% in 2018. More than 40% of enterprises in Finland, Sweden, Denmark, Netherland, UK, Ireland, and Belgium used cloud computing. With the growing adoption of cloud computing, the demand for cloud-based analytics has also increased significantly. Cloud-based analytics enable organizations to become more competitive as it delivers data and analytic results directly to end-users and supports to make better business decisions. This, in turn, is contributing towards the adoption of financial analytics platform for managing and analyzing financial data and achieving business goals. However, privacy and security concerns are restricting the growth of the market.

The global financial analytics market is segmented into type, application, and verticals. Based on the type, the market is further classified into OLAP & visualization tools, reporting & analysis, consulting & support services, database management system, query, analytics solution, and others. Based on application, the market is further classified into risk management, profitability management, budgetary control management, payable management, receivable management, ledger management, asset & liability management, and others. Based on verticals, the market is further classified into BFSI, government, healthcare, transportation & logistics, retail, telecommunication, and IT and others. Significant adoption of financial analytics in the government agencies has been reported as this enables agencies to get access of all of its data and provides complete visibility into agency spendings, such as revenue collection from different sources, and spending on multiple programs and services. Financial analytics enables to format and present financial data from across the agency and provides the graphical representation of overall financial information. As a result, this allows federal government agencies with financial and operational business intelligence (BI) that improves accountability, and transparency as well as measure result.

Geographically, North America occupied the major share in 2017, due to significant awareness about cloud-based analytics solutions and the presence of major players, such as IBM Corp., Microsoft Corp., and Cisco, Inc. in the region. However, Asia-Pacific is estimated to show optimistic growth due to government support to digitalization and growing penetration of financial services, such as credit, insurance and investment in the region.

The major companies involved in the market comprise IBM Corp., Microsoft Corp., Oracle Corp., Accenture PLC, SAP SE, Teradata Corp., FinancialCAD Corp., and so on. These companies used various strategies, such as merger and acquisitions, product launches, partnership and collaboration and amongst others to increase market share across the globe. For instance, in March 2018, Accenture PLC introduced cloud-based analytics utility to support US banks to improve and manage risk management with cost-effectively and more efficiently. The platform named Accenture Financial Crime Analytics Utility that focuses primarily on risk management capabilities, such as anti-money-laundering (AML) compliance. This will be broadened to add further functionality to the members and offers the ability to run a wide range of analytics intensive operations in banks, such as third-party risk management and cybersecurity. It was developed in partnership with Mid-Sized Bank Coalition of America (MBCA).

Research Methodology

The market study of global financial analytics market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the publisher's.

Secondary sources include:
  • Financial reports of companies involved in the market

  • Authentic Public Databases such as Eurostat, U.S. Department of the Treasury and so on.

  • Whitepapers, research-papers, and news blogs

  • Company websites and their product catalog

The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

Global Financial Analytics Market is segmented on the basis of regional outlook and following segments:
1. Global Financial Analytics Market Research and Analysis by Type
2. Global Financial Analytics Market Research and Analysis by Application
3. Global Financial Analytics Market Research and Analysis by Verticals
4. Global Financial Analytics Market Research and Analysis by Region

The report covers:
  • Comprehensive research methodology of the global financial analytics market.

  • This report also includes a detailed and extensive market overview with key analyst insights.

  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

  • Analysis of regional regulations and other government policies impacting the global financial analytics market.

  • Insights about market determinants which are stimulating the global financial analytics market.

  • Detailed and extensive market segments with regional distribution of forecasted revenues.

  • Extensive profiles and recent developments of market players.

Table of Contents

1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Impact Analysis
3.4. Key Company Analysis
3.4.1. IBM Corp. Overview Financial Analysis SWOT Analysis Recent Developments
3.4.2. Oracle Corp. Overview Financial Analysis SWOT Analysis Recent Developments
3.4.3. Microsoft Corp. Overview Financial Analysis SWOT Analysis Recent Developments
3.4.4. SAP SE Overview Financial Analysis SWOT Analysis Recent Developments
3.4.5. Teradata Corp. Overview Financial Analysis SWOT Analysis Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Financial Analytics Market by Type
5.1.1. Online Analytical Processing (OLAP) & Visualization Tools
5.1.2. Reporting & Analysis
5.1.3. Consulting & Support Services
5.1.4. Data Base Management System
5.1.5. Query
5.1.6. Analytics Solutions
5.1.7. Others
5.2. Global Financial Analytics Market by Application
5.2.1. Risk Management
5.2.2. Profitability Management
5.2.3. Budgetary Control Management
5.2.4. Payable Management
5.2.5. Receivable Management
5.2.6. Ledger Management
5.2.7. Asset & Liability Management
5.2.8. Others
5.3. Global Financial Analytics Market by Vertical
5.3.1. BFSI (Banking, Financial Services and Insurance)
5.3.2. Government
5.3.3. Healthcare
5.3.4. Transportation & Logistics
5.3.5. Retail
5.3.6. Telecommunication & IT
5.3.7. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accenture PLC
7.2. Alteryx, Inc.
7.3. Cleanwater Analytics, LLC
7.4. datapine GmbH
7.5. eMoney Advisor, LLC
7.6. FactSet Research Systems, Inc.
7.7. Fair Isaac Corpo. (FICO)
7.8. FinancialCAD Corp.
7.9. IBM Corp.
7.10. Innovaccer, Inc.
7.11. Investortools, Inc.
7.12. Magnitude Software, Inc.
7.13. Microsoft Corp.
7.14. MicroStrategy, Inc.
7.15. Northstar Risk Corp.
7.16. Novus Partners, Inc.
7.17. Oracle Corp.
7.18. Rosslyn Analytics Ltd.
7.19. SAP SE
7.20. SAS Institute, Inc.
7.21. Sisense, Inc.
7.22. StatPro Group PLC
7.23. Teradata Corp.
7.24. TIBCO Software, Inc.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accenture PLC

  • Alteryx, Inc.

  • Cleanwater Analytics, LLC

  • datapine GmbH

  • eMoney Advisor, LLC

  • FactSet Research Systems, Inc.

  • Fair Isaac Corpo. (FICO)

  • FinancialCAD Corp.

  • IBM Corp.

  • Innovaccer, Inc.

  • Investortools, Inc.

  • Magnitude Software, Inc.

  • Microsoft Corp.

  • MicroStrategy, Inc.

  • Northstar Risk Corp.

  • Novus Partners, Inc.

  • Oracle Corp.

  • Rosslyn Analytics Ltd.

  • SAP SE

  • SAS Institute, Inc.

  • Sisense, Inc.

  • StatPro Group PLC

  • Teradata Corp.

  • TIBCO Software, Inc.