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Financial Analytics Market by Solution (Financial Functions Analytics and Financial Market Analytics), Application (Wealth Management, Transaction Monitoring, and Customer Management), and Industry Vertical - Global Forecast to 2023

  • ID: 4760921
  • Report
  • Region: Global
  • 151 Pages
  • Markets and Markets
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The Global Financial Analytics Market is Expected to grow from USD 6.9 Billion in 2018 to USD 11.4 Billion by 2023, at a CAGR of 10.7%

FEATURED COMPANIES

  • Alteryx
  • Domo
  • Google
  • Information Builders
  • Qlik
  • SAS Institute
  • MORE

Growing digitalization trend, beyond M2M process automation, to drive the financial analytics market

The author expects the global financial analytics market to grow from USD 6.9 billion in 2018 to USD 11.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The key factors driving the financial analytics market include a rising need for reducing planning and budgeting cycles and the emergence of new IT applications and infrastructure, such as big data and advanced analytics.

Need of real-time recognition of suspicious activities to safeguard confidential information to drive the adoption of financial analytics in fraud detection and prevention

Fraud attempts have seen a drastic increase in recent times; thus, making fraud detection and prevention more important and applicable across major industries, including BFSI, manufacturing and automotive, retail and ecommerce, telecom and IT, transportation and logistics, healthcare and pharma, energy and utilities, government, education, and real estate. Fraud detection through its real time, near real time, and batch analysis of all its users’ activities, assist companies to safeguard customer and enterprise information, assets, accounts, and transactions. For fraud detection and prevention, financial analytics tools analyze customer data for missing information and provides a holistic view of suspicious transactions. It also screens clients across payment channels, such as wire transfers, checks, fund transfers, deposits, and withdrawals for identifying outliers that might indicate fraud patterns. Data mining technologies such as decision trees, machine learning, AI, cluster analysis, and neural networks are used to generate predictive model for understanding any fraudulent activities across the network.

Enormous data generation and need for interactive analysis to drive the market in Europe

The European region includes both developed and developing economies. Presently, the SMEs in the UK, Germany, and France are investing in analytics platforms to leverage benefits, and in turn, reduce unwanted costs. As the period of economic turmoil continues in Europe, enterprises are likely to undertake a stronger cost containment stance sooner. Europe is the second-largest regional market in terms of market share for financial analytics, but the growth is expected to decline in the coming years. The primary reason for the lesser growth rate in this region could be the Eurozone crisis. Post-Eurozone crisis, business firms are hesitant to make big investments. The factor is not the inefficiency of the business firms, but the skeptical outlook regarding the ROI. Structural deficiencies, overcapacity, low interest rates, and absence of a pan-European banking regulatory agency further paves way for financial analytics tools in BFSI sector.

In-depth interviews were conducted with the Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the financial analytics market.

  • By Company: Tier 1: 20%, Tier 2: 55%, and Tier 3: 25%
  • By Designation: C-Level: 50%, Director Level: 25%, and Others: 25%
  • By Region: North America: 60%, Europe: 20%, APAC: 10%, and RoW: 10%

The major vendors offering financial analytics globally include Oracle (US), IBM (US), Teradata (US), TIBCO Software (US), SAP (Germany), SAS Institute (US), Alteryx (US), Qlik (US), FICO (US), GoodData (US), Birst (US), Google (US), Information Builders (US), Zoho Corporation (US), and Domo (US). The study includes in-depth competitive analysis of these key players in the financial analytics market with their company profiles, recent developments, and key market strategies.

Research coverage
The financial analytics market revenue is primarily classified into revenues from solutions, services, or platforms. The revenue associated with solutions and platform offerings is associated with professional, and managed services. Other segments are application, deployment model, organization size, industry vertical, and region.

Key benefits of the report
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall financial analytics market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with the information on the key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alteryx
  • Domo
  • Google
  • Information Builders
  • Qlik
  • SAS Institute
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Financial Analytics Market
4.2 Market: Market Share Across Regions

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Reducing Planning and Budgeting Cycles
5.2.1.2 Emergence of New IT Applications and Infrastructure Such as Big Data and Advanced Analytics
5.2.2 Restraints
5.2.2.1 Surge of New Regulations and Financial Standards
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Predictive Analytics Across Industries
5.2.3.2 Evolution of AI and Machine Learning
5.2.4 Challenges
5.2.4.1 Integration of Data From Data Silos
5.3 Industry Trends
5.3.1 Financial Management Ecosystem
5.3.2 Regulations
5.3.2.1 Basel Committee on Banking Supervision (BCBS)
5.3.2.2 Basel III
5.3.2.3 Dodd Frank Act
5.3.2.4 General Data Protection Regulation (GDPR)
5.3.2.5 International Financial Reporting Standards (IFRS)
5.3.2.6 Markets in Financial Instruments Directive (MFID)
5.3.2.7 Payment Card Industry Data Security Standard (PCI DSS)
5.3.2.8 Sarbanes-Oxley Act of 2002
5.3.3 Market: Use Cases
5.3.3.1 Use Case #1: Deliver Personalized Interactions
5.3.3.2 Use Case #2: Improving Performance Measures
5.3.3.3 Use Case #3: Increase Revenue and Decrease Customers’ Business Inefficiencies
5.3.4 Market: Future Outlook
5.3.4.1 Ai-Enabled Finance

6 Financial Analytics Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Financial Function Analytics
6.2.2 Financial Market Analytics
6.3 Services
6.3.1 Managed Services
6.3.2 Professional Services
6.3.2.1 Support and Maintenance
6.3.2.2 Deployment and Integration
6.3.2.3 Consulting

7 Market, By Application
7.1 Introduction
7.2 Wealth Management
7.2.1 Capital Management
7.2.2 Asset Liability Management
7.2.3 Investment Management
7.2.4 Others
7.3 Governance, Risk, and Compliance Management
7.3.1 Credit and Market Risk Management
7.3.2 Governance and Compliance Management
7.4 Financial Forecasting and Budgeting
7.4.1 Cash Flow Analytics
7.4.2 Revenue Prediction
7.5 Customer Management
7.5.1 Customer Experience Analytics
7.5.2 Customer Profitability Analytics
7.6 Transaction Monitoring
7.7 Claim Management
7.7.1 Insurance Management
7.8 Fraud Detection and Prevention
7.9 Stock Management
7.9.1 Debt Management
7.9.2 Equity Management
7.10 Others

8 Market, By Deployment Model
8.1 Introduction
8.2 On-Premises
8.3 Cloud

9 Market, By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises

10 Financial Analytics Market, By Industry Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Manufacturing and Automotive
10.4 Retail and Ecommerce
10.5 Telecommunications and IT
10.6 Transportation and Logistics
10.7 Healthcare and Pharmaceuticals
10.8 Energy and Utilities
10.9 Government
10.10 Others

11 Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 Singapore
11.4.3 China
11.4.4 India
11.4.5 Rest of APAC
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 Middle East and Africa
11.6.1 Middle East
11.6.2 Africa

12 Competitive Landscape
12.1 Competitive Leadership Mapping
12.1.1 Visionary Leaders
12.1.2 Innovators
12.1.3 Dynamic Differentiators
12.1.4 Emerging Companies
12.2 Strength of Product Portfolio
12.3 Business Strategy Excellence

13 Company Profiles
13.1 Oracle
13.2 IBM
13.3 SAP
13.4 SAS Institute
13.5 Alteryx
13.6 Tibco Software
13.7 Fair Isaac Corporation (FICO)
13.8 Teradata
13.9 Qlik
13.10 Gooddata
13.11 Birst
13.12 Google
13.13 Information Builders
13.14 Zoho Corporation
13.15 Domo

14 Appendix
14.1 Key Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customization
14.5 Related Reports
14.6 Author Details

List of Tables
Table 1 United States Dollar Exchange Rate, 2015–2018
Table 2 Financial Analytics Market Size and Y-O-Y, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Market Size, By Component, 2016–2023 (USD Million)
Table 4 Solutions: Market Size, By Type, 2016–2023 (USD Million)
Table 5 Financial Function Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 6 Financial Market Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 7 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Services: Market Size, By Type, 2016–2023 (USD Million)
Table 9 Professional Services: Market Size, By Type, 2016–2023 (USD Million)
Table 10 Market Size, By Application, 2016–2023 (USD Million)
Table 11 Wealth Management: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Governance, Risk, and Compliance Management: Market Size, By Region, 2016–2023 (USD Million)
Table 13 Financial Forecasting and Budgeting: Financial Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 14 Customer Management: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Transaction Monitoring: Market Size, By Region, 2016–2023 (USD Million)
Table 16 Claim Management: Market Size, By Region, 2016–2023 (USD Million)
Table 17 Fraud Detection and Prevention: Market Size, By Region, 2016–2023 (USD Million)
Table 18 Stock Management: Market Size, By Region, 2016–2023 (USD Million)
Table 19 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 20 Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 21 On-Premises: Market Size, By Region, 2016–2023 (USD Million)
Table 22 Cloud: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Market Size, By Organization Size, 2016–2023 (USD Million)
Table 24 Large Enterprises: Financial Analytics Market Size, By Region, 2016–2023 (USD Million)
Table 25 Small and Medium-Sized Enterprises: Market Size, By Region, 2016–2023 (USD Million)
Table 26 Market Size, By Vertical, 2016–2023 (USD Million)
Table 27 Banking, Financial Services, and Insurance: Market Size, By Region, 2016–2023 (USD Million)
Table 28 Manufacturing and Automotive: Market Size, By Region, 2016–2023 (USD Million)
Table 29 Retail and Ecommerce: Market Size, By Region, 2016–2023 (USD Million)
Table 30 Telecommunications and IT: Market Size, By Region, 2016–2023 (USD Million)
Table 31 Transportation and Logistics: Market Size, By Region, 2016–2023 (USD Million)
Table 32 Healthcare and Pharmaceuticals: Market Size, By Region, 2016–2023 (USD Million)
Table 33 Energy and Utilities: Market Size, By Region, 2016–2023 (USD Million)
Table 34 Government: Market Size, By Region, 2016–2023 (USD Million)
Table 35 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 36 Market Size, By Region, 2016–2023 (USD Million)
Table 37 North America: Financial Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 38 North America: Market Size, By Solutions, 2016–2023 (USD Million)
Table 39 North America: Market Size, By Service, 2016–2023 (USD Million)
Table 40 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 41 North America: Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 42 North America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 43 North America: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 44 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 45 Europe: Financial Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 46 Europe: Market Size, By Solutions, 2016–2023 (USD Million)
Table 47 Europe: Market Size, By Services, 2016–2023 (USD Million)
Table 48 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 49 Europe: Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 50 Europe: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 51 Europe: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 52 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 53 Asia Pacific: Financial Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market Size, By Solutions, 2016–2023 (USD Million)
Table 55 Asia Pacific: Market Size, By Services, 2016–2023 (USD Million)
Table 56 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 58 Asia Pacific: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 59 Asia Pacific: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 61 Latin America: Financial Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 62 Latin America: Market Size, By Solutions, 2016–2023 (USD Million)
Table 63 Latin America: Market Size, By Services, 2016–2023 (USD Million)
Table 64 Latin America: Market Size, By Application, 2016–2023 (USD Million)
Table 65 Latin America: Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 66 Latin America: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 67 Latin America: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 68 Latin America: Market Size, By Countries, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Financial Analytics Market Size, By Component, 2016–2023 (USD Million)
Table 70 Middle East and Africa: Market Size, By Solutions, 2016–2023 (USD Million)
Table 71 Middle East and Africa: Market Size, By Services, 2016–2023 (USD Million)
Table 72 Middle East and Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 73 Middle East and Africa: Market Size, By Deployment Model, 2016–2023 (USD Million)
Table 74 Middle East and Africa: Market Size, By Organization Size, 2016–2023 (USD Million)
Table 75 Middle East and Africa: Market Size, By Industry Vertical, 2016–2023 (USD Million)
Table 76 Middle East and Africa: Market Size, By Region, 2016–2023 (USD Million)

List of Figures
Figure 1 Financial Analytics Market: Research Design
Figure 2 Market: Bottom-Up and Top-Down Approaches
Figure 3 Market to Witness High Growth During the Forecast Period
Figure 4 Market, By Component (2018 –2023)
Figure 5 Market, By Solution (2018–2023)
Figure 6 Market, By Service (2018–2023)
Figure 7 Market, By Application (2018–2023)
Figure 8 Market, By Deployment Model (2018–2023)
Figure 9 Market, By Industry Vertical (2018–2023)
Figure 10 Increasing Adoption of Predictive Analytics Across Industries, Coupled With Evolution of AI Capabilities are Expected to Be the Major Factors Contributing to the Growth of the Financial Analytics Market
Figure 11 North America to Hold the Highest Market Share in 2018
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Market
Figure 13 Solutions Segment to Account for A Larger Market Size During the Forecast Period
Figure 14 Financial Market Analytics Segment to Grow at A Higher CAGR During the Forecast Period
Figure 15 Customer Management Segment to Grow at the Highest CAGR During the Forecast Period
Figure 16 Cloud Deployment Model to Grow at A Higher CAGR During the Forecast Period
Figure 17 Small and Medium-Sized Enterprises to Grow at A Higher CAGR During the Forecast Period
Figure 18 Retail and Ecommerce Industry Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 19 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America: Market Snapshot
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Financial Analytics Market (Global) Competitive Leadership Mapping, 2018
Figure 23 Oracle: Company Snapshot
Figure 24 SWOT Analysis: Oracle
Figure 25 IBM: Company Snapshot
Figure 26 SWOT Analysis: IBM
Figure 27 SAP: Company Snapshot
Figure 28 SAP: SWOT Analysis
Figure 29 SAS Institute: Company Snapshot
Figure 30 SWOT Analysis: SAS Institute
Figure 31 Alteryx: Company Snapshot
Figure 32 SWOT Analysis: Tibco Software
Figure 33 Fair Isaac Corporation: Company Snapshot
Figure 34 Teradata: Company Snapshot

Note: Product cover images may vary from those shown
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  • Alteryx
  • Birst
  • Domo
  • Fair Isaac Corporation (FICO)
  • Gooddata
  • Google
  • IBM
  • Information Builders
  • Oracle
  • Qlik
  • SAP
  • SAS Institute
  • Teradata
  • Tibco Software
  • Zoho Corporation
Note: Product cover images may vary from those shown
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