Financial Modeling Service Market Report 2025

The financial modelling service market size has grown rapidly in recent years. It will grow from $2.08 billion in 2024 to $2.36 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth during the historic period can be attributed to the increasing need for investment analysis, expanding private equity and venture capital funding, the globalization of businesses, heightened demand for due diligence support, and the growing complexity of financial instruments.

The financial modelling service market size is expected to see rapid growth in the next few years. It will grow to $3.84 billion in 2029 at a compound annual growth rate (CAGR) of 13%. In the forecast period, growth is expected to be driven by the rise of startup ecosystems in emerging markets, increased use of scenario-based forecasting, greater outsourcing of financial services, widespread adoption of cloud-based modeling platforms, and a growing demand for real-time financial insights. Key trends anticipated include advancements in artificial intelligence integration, innovations in financial modeling automation, progress in cloud-based collaboration tools, research in predictive analytics, and the development of technology-driven decision support systems.

The increasing demand for data-driven decision-making is expected to drive growth in the financial modelling service market. Data-driven decision-making involves making choices based on data analysis rather than intuition or personal experience. This approach is gaining momentum as digital technologies such as cloud computing, mobile applications, and analytics platforms generate large volumes of both structured and unstructured data. Financial modelling services support this process by converting raw financial data into organized forecasts and scenarios, allowing businesses to make strategic decisions grounded in quantitative evidence. For example, in March 2024, the UK’s Department for Science, Innovation & Technology reported that data-driven companies (DDCs) generated approximately $455 billion (£343 billion) in annual turnover in 2023, representing 6% of the country’s total turnover. Over 80% of this revenue came from large data-driven firms located in London, the South East, and the East of England. Consequently, the rising demand for data-driven decision-making is propelling the financial modelling service market.

Leading players in the financial modelling service market are focusing on innovative solutions such as AI-powered financial modelling assistants to improve model precision, streamline processes, and offer real-time decision support. These AI-powered assistants are specialized generative AI platforms designed for financial professionals, capable of integrating diverse data sources, automating complex models, and delivering audit-ready analytical results. For instance, in July 2025, Anthropic Inc., a US-based AI company, launched Claude for Financial Services, an AI platform tailored for banks, insurers, asset managers, and fintech firms. Built on Claude 4 and Claude Code, it supports advanced financial modelling, research automation, compliance workflows, and investment analysis. The platform includes robust privacy measures to ensure client data remains confidential and is not used for model training.

In October 2024, Houlihan Lokey, a US-based investment bank and financial services firm, acquired Prytania Solutions Limited for an undisclosed sum. This acquisition aims to boost Houlihan Lokey’s structured products valuation capabilities by leveraging advanced machine learning technologies, strengthen its Financial and Valuation Advisory services, expand its presence in Europe, and better monetize data insights. Prytania Solutions Limited, based in the UK, specializes in machine learning models for valuation and financial modelling services.

Major players in the financial modeling service market are JPMorgan Chase & Co., Accenture plc, Deloitte Touche Tohmatsu Limited, PWC LLP, Morgan Stanley, Ernst & Young Global Limited, KPMG International Limited, Capgemini SE, Aon plc, Willis Towers Watson Public Limited Company, Grant Thornton LLP, Baker Tilly International Limited, FTI Consulting Inc., Alvarez & Marsal Holdings LLC, Protiviti Inc., Crowe LLP, Mercer & Hole Group Limited, Rothschild & Co SCA, Teneo Holdings LLC, Bain & Company Inc., and LEK Consulting LLC.

North America was the largest region in the financial modelling service market in 2024. The regions covered in financial modelling service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the financial modelling service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Financial modeling service involves creating detailed and organized financial representations of a company’s operations, typically built with spreadsheets to forecast future performance based on historical data, assumptions, and various scenarios. This service helps businesses evaluate investment opportunities, determine financial viability, support strategic planning, and make informed, data-driven decisions.

The primary types of financial modeling services include financial modeling advisory, financial modeling software solutions, custom financial modeling services, outsourced financial modeling, and financial modeling training. Financial modeling advisory provides consulting where experts assist clients in building, reviewing, or enhancing financial models to aid business decisions. These services serve a broad range of businesses, including small and medium enterprises (SMEs), large corporations, startups, and family-owned firms, and are offered through both on-premises and cloud platforms. Financial modeling finds applications in corporate finance, investment banking, risk management, valuation, and other areas, catering to diverse end users such as banks, financial institutions, corporations, governments, and more.

The financial modeling service market research report is one of a series of new reports that provides financial modeling service market statistics, including financial modeling service industry global market size, regional shares, competitors with a financial modeling service market share, detailed financial modeling service market segments, market trends and opportunities, and any further data you may need to thrive in the financial modeling service industry. This financial modeling service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The financial modelling service market includes revenues earned by entities by providing services, such as business valuation, project finance structuring, budgeting and planning, cash flow forecasting, and sensitivity analyses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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