Financial Analytics Market

The global financial analytics market is currently witnessing strong growth. 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. Looking forward, IMARC Group expects the market to exhibit a CAGR of 8.5% during 2020-2025.

Report Coverage:

• Historical, Current and Future Market Trends
   
• Market 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.
 

• Market 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.
 

• Market Breakup by Application:
  • Wealth Management
  • Governance, Risk & Compliance Management
  • Financial Forecasting & Budgeting
  • Customer Management
  • Transaction Monitoring
  • Stock Management
  • Others
     
• Market Breakup by Organization Size:
  • Large Enterprises
  • Small & Medium Enterprises
     
• Market Breakup by Vertical:
  • BFSI
  • Telecom & IT
  • Manufacturing
  • Government
  • Education
  • Others
     

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

• Market 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 Inc., Oracle Corporation, Qlik, Rosslyn Analytics, SAP, SAS Institute, Teradata Corporation, Tibco Software, Zoho Corporation, etc.

Key Questions Answered in This Report:

• How has the global financial analytics market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global financial analytics industry?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the components?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the organization size?
• What is the breakup of the market based on the verticals?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global financial analytics industry and who are the key players?
• What is the degree of competition in the 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    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
    7.2    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
           11.2.1.1 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    Qlik
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Rosslyn Analytics
           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 
           15.3.15.4 SWOT Analysis
        15.3.16    Zoho Corporation           
           15.3.16.1 Company Overview
           15.3.16.2 Product Portfolio 
 
List of Figures

Figure 1: Global: Financial Analytics Market: Major Drivers and Challenges
Figure 2: Global: Financial Analytics Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Financial Analytics Market: Breakup by Type (in %), 2019
Figure 4: Global: Financial Analytics Market: Breakup by Component (in %), 2019
Figure 5: Global: Financial Analytics Market: Breakup by Application (in %), 2019
Figure 6: Global: Financial Analytics Market: Breakup by Organization Size (in %), 2019
Figure 7: Global: Financial Analytics Market: Breakup by Vertical (in %), 2019
Figure 8: Global: Financial Analytics Market: Breakup by Region (in %), 2019
Figure 9: Global: Financial Analytics Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Financial Analytics (Database Management System) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Financial Analytics (Database Management System) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Financial Analytics (Data Integration Tools) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Financial Analytics (Data Integration Tools) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Financial Analytics (Query, Reporting & Analysis) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Financial Analytics (Query, Reporting & Analysis) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Financial Analytics (Analytics Solutions) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Financial Analytics (Analytics Solutions) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Financial Analytics (Other Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Financial Analytics (Other Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Financial Analytics (Solutions) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Financial Analytics (Solutions) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Financial Analytics (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Financial Analytics (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Financial Analytics (Wealth Management) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Financial Analytics (Wealth Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Financial Analytics (Governance, Risk & Compliance Management) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Financial Analytics (Governance, Risk & Compliance Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Financial Analytics (Financial Forecasting & Budgeting) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Financial Analytics (Financial Forecasting & Budgeting) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Financial Analytics (Customer Management) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Financial Analytics (Customer Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Financial Analytics (Transaction Monitoring) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Financial Analytics (Transaction Monitoring) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Financial Analytics (Stock Management) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Financial Analytics (Stock Management) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Financial Analytics (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Financial Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Financial Analytics (Large Enterprises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Financial Analytics (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Financial Analytics (Small & Medium Enterprises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Financial Analytics (Small & Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Financial Analytics (BFSI) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Financial Analytics (BFSI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Global: Financial Analytics (Telecom & IT) Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Global: Financial Analytics (Telecom & IT) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Global: Financial Analytics (Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Global: Financial Analytics (Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Global: Financial Analytics (Government) Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Global: Financial Analytics (Government) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Global: Financial Analytics (Education) Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Global: Financial Analytics (Education) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Global: Financial Analytics (Other Verticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Global: Financial Analytics (Other Verticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: North America: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: North America: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: United States: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: United States: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Canada: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Canada: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Asia Pacific: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Asia Pacific: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: China: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: China: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Japan: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Japan: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: India: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: India: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: South Korea: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: South Korea: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Australia: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Australia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Indonesia: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Indonesia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Others: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Europe: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Europe: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Germany: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Germany: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: France: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: France: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: United Kingdom: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: United Kingdom: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Italy: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Italy: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Spain: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Spain: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Russia: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Russia: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Others: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Latin America: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Latin America: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Brazil: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Brazil: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Mexico: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Mexico: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Others: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 99: Others: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 100: Middle East and Africa: Financial Analytics Market: Sales Value (in Million US$), 2014 & 2019
Figure 101: Middle East and Africa: Financial Analytics Market Forecast: Sales Value (in Million US$), 2020-2025
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

List of Tables

Table 1: Global: Financial Analytics Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Financial Analytics Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Financial Analytics Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 4: Global: Financial Analytics Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Financial Analytics Market Forecast: Breakup by Organization Size (in Million US$), 2020-2025
Table 6: Global: Financial Analytics Market Forecast: Breakup by Vertical (in Million US$), 2020-2025
Table 7: Global: Financial Analytics Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Financial Analytics Market: Competitive Structure
Table 9: Global: Financial Analytics Market: Key Players