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Financial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 146 pages | ID: F149A1E08AD1EN
IMARC Group

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Market Overview:

The global financial analytics market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global financial analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, application, organization size and vertical.

Breakup by Type:

Database Management System (DBMS)
Data Integration Tools
Query, Reporting & Analysis
Analytics Solutions
Others
 

Based on the type, database management system currently holds the majority of the market share.
 

Breakup by Component:

Solutions

Financial Function Analytics
Financial Market Analytics

Services

Managed Services
Professional Services
 

Based on the component, services currently hold the majority of the market share.
 

Breakup by Application:

Wealth Management
Governance, Risk & Compliance Management
Financial Forecasting & Budgeting
Customer Management
Transaction Monitoring
Stock Management
Others
 

Breakup by Organization Size:

Large Enterprises
Small & Medium Enterprises
 

Breakup by Vertical:

BFSI
Telecom & IT
Manufacturing
Government
Education
Others
 

Based on the vertical, BFSI currently holds the majority of the market share.
 

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa
 

Based on geography, North America currently represents the biggest market for financial analytics.
 

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Alteryx, Birst, Domo, Fair Isaac Corporation (FICO), Hitachi Vantara, IBM, Information Builders, Microsoft Corporation, Oracle Corporation, QlikTech International A.B, Rosslyn Data Technologies, SAP SE, SAS Institute, Teradata Corporation, Tibco Software, Zoho Corporation, etc.

Key Questions Answered in This Report:

What was the size of the global financial analytics market in 2022?
What is the expected growth rate of the global financial analytics market during 2023-2028?
What are the key factors driving the global financial analytics market?
What has been the impact of COVID-19 on the global financial analytics market?
What is the breakup of the global financial analytics market based on the type?
What is the breakup of the global financial analytics market based on the component?
What is the breakup of the global financial analytics market based on the vertical?
What are the key regions in the global financial analytics market?
Who are the key players/companies in the global financial analytics market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting 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

6.1 Database Management System (DBMS)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Data Integration Tools
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Query, Reporting & Analysis
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Analytics Solutions
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY COMPONENT

7.1 Solutions
  7.1.1 Market Trends
  7.1.2 Major Types
    7.1.2.1 Financial Function Analytics
    7.1.2.2 Financial Market Analytics
  7.1.3 Market Forecast
7.2 Services
  7.2.1 Market Trends
  7.2.2 Major Types
    7.2.2.1 Managed Services
    7.2.2.2 Professional Services
  7.2.3 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Wealth Management
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Governance, Risk & Compliance Management
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Financial Forecasting & Budgeting
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Customer Management
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Transaction Monitoring
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Stock Management
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Others
  8.7.1 Market Trends
  8.7.2 Market Forecast

9 MARKET BREAKUP BY ORGANIZATION SIZE

9.1 Large Enterprises
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Small & Medium Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY VERTICAL

10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Telecom & IT
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Manufacturing
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Government
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Education
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Others
  10.6.1 Market Trends
  10.6.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Alteryx
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Birst
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Domo
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Fair Isaac Corporation (FICO)
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Hitachi Vantara
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 IBM
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Information Builders
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Microsoft Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Oracle Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 QlikTech International A.B
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Rosslyn Data Technologies
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 SAP SE
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 SAS Institute
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
  15.3.14 Teradata Corporation
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio
    15.3.14.3 Financials
    15.3.14.4 SWOT Analysis
  15.3.15 Tibco Software
    15.3.15.1 Company Overview
    15.3.15.2 Product Portfolio
    15.3.15.3 SWOT Analysis
  15.3.16 Zoho Corporation
    15.3.16.1 Company Overview
    15.3.16.2 Product Portfolio


LIST OF TABLES

Table 1: Global: Financial Analytics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Financial Analytics Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Financial Analytics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Financial Analytics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Financial Analytics Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Financial Analytics Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Financial Analytics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Financial Analytics Market: Competitive Structure
Table 9: Global: Financial Analytics Market: Key Players


LIST OF FIGURES

Figure 1: Global: Financial Analytics Market: Major Drivers and Challenges
Figure 2: Global: Financial Analytics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Financial Analytics Market: Breakup by Type (in %), 2022
Figure 4: Global: Financial Analytics Market: Breakup by Component (in %), 2022
Figure 5: Global: Financial Analytics Market: Breakup by Application (in %), 2022
Figure 6: Global: Financial Analytics Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Financial Analytics Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Financial Analytics Market: Breakup by Region (in %), 2022
Figure 9: Global: Financial Analytics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Financial Analytics (Database Management System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Financial Analytics (Database Management System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Financial Analytics (Data Integration Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Financial Analytics (Data Integration Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Financial Analytics (Query, Reporting & Analysis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Financial Analytics (Query, Reporting & Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Financial Analytics (Analytics Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Financial Analytics (Analytics Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Financial Analytics (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Financial Analytics (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Financial Analytics (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Financial Analytics (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Financial Analytics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Financial Analytics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Financial Analytics (Wealth Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Financial Analytics (Wealth Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Financial Analytics (Governance, Risk & Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Financial Analytics (Governance, Risk & Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Financial Analytics (Financial Forecasting & Budgeting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Financial Analytics (Financial Forecasting & Budgeting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Financial Analytics (Customer Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Financial Analytics (Customer Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Financial Analytics (Transaction Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Financial Analytics (Transaction Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Financial Analytics (Stock Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Financial Analytics (Stock Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Financial Analytics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Financial Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Financial Analytics (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Financial Analytics (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Financial Analytics (Small & Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Financial Analytics (Small & Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Financial Analytics (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Financial Analytics (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Financial Analytics (Telecom & IT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Financial Analytics (Telecom & IT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Financial Analytics (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Financial Analytics (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Financial Analytics (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Financial Analytics (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Global: Financial Analytics (Education) Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Global: Financial Analytics (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Global: Financial Analytics (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Global: Financial Analytics (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: North America: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: North America: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United States: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United States: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Canada: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Canada: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Asia Pacific: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Asia Pacific: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: China: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: China: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Japan: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Japan: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: India: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: India: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: South Korea: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: South Korea: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Australia: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Australia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Indonesia: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Indonesia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Europe: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Europe: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Germany: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Germany: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: France: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: France: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: United Kingdom: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: United Kingdom: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Italy: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Italy: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Spain: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Spain: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Russia: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Russia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Others: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Latin America: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Latin America: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Brazil: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Brazil: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Mexico: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 97: Mexico: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Others: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 99: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 100: Middle East and Africa: Financial Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 101: Middle East and Africa: Financial Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 102: Global: Financial Analytics Industry: SWOT Analysis
Figure 103: Global: Financial Analytics Industry: Value Chain Analysis
Figure 104: Global: Financial Analytics Industry: Porter’s Five Forces Analysis


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