Global Financial Analytics Market to Reach USD 29.7 Billion by 2033, Spurred by Advancements in Big Data Analytics Tools

November 07, 2024 | Technology & Media

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The latest report by IMARC Group, titled “Financial Analytics Market Report by Type (Database Management System (DBMS), Data Integration Tools, Query, Reporting and Analysis, Analytics Solutions, and Others), Component (Solutions, Services), Application (Wealth Management, Governance, Risk and Compliance Management, Financial Forecasting and Budgeting, Customer Management, Transaction Monitoring, Stock Management, and Others), Organization Size (Large Enterprises, Small and Medium Enterprises), Vertical (BFSI, Telecom and IT, Manufacturing, Government, Education, and Others), and Region 2025-2033”, finds that the global financial analytics market reached a value of USD 12.6 Billion in 2024. Financial analytics helps in collecting, monitoring, visualizing, analyzing and predicting data for evaluating the financial performance of a department or company and making better decisions. It also enables companies to determine uncertain risks and helps in enhancing and extending their business processes more effectively. Financial analytics utilizes analytical tools and business intelligence (BI) for budgetary control, compliance and risk management, and asset and liability management.

Global Financial Analytics Market Trends:

In recent years, financial analytics has gained immense popularity across the globe as it helps in shaping up future goals; enhancing decision-making strategies; measuring and managing tangible assets such as cash and equipment; providing an in-depth insight into the organization’s financial status; and improving the cash flow, profitability, and business value. Besides this, financial analytics affects all parts of a business as a subset of business intelligence and enterprise performance management. It plays a crucial role in helping companies to predict and plan for the future. Furthermore, the transformation of businesses and advancements in technologies from big data to data warehouses and customer analytics software have also prompted various firms to use financial analytics around the world. Looking forward, the market value is projected to reach USD 29.7 Billion by 2033, expanding at a CAGR of 8.96% during 2025-2033.

Market Summary:

Based on the type, the market has been segmented into database management system (DBMS); data integration tools; query, reporting and analysis; analytics solutions; and others. Amongst these, DBMS exhibits a clear dominance in the market.
On the basis of the component, services hold the largest market share.
The market has been segregated on the basis of the application into wealth management; governance, risk and compliance management; financial forecasting and budgeting; customer management; transaction monitoring; stock management; and others.
Based on the organization size, the market has been bifurcated into large, and small and medium enterprises.
On the basis of the vertical, BFSI accounts for the majority of the total market share. Other major segments include telecom and IT, manufacturing, government, education and others.
Region-wise, North America (the United States and Canada) enjoys the leading position in the market. Other regions include Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Middle East and Africa, and Latin America (Brazil, Mexico and others).
The competitive landscape of the market has been examined with some of the key players being Alteryx, Inc., Birst, Inc., Domo, Inc., Fair Isaac Corporation (FICO), Hitachi Vantara Corporation, International Business Machines Corporation (IBM), Information Builders, Microsoft Corporation, Oracle Corporation, QlikTech International A.B., Rosslyn Data Technologies, SAP SE, SAS Institute, Inc., Teradata Corporation, Tibco Software Inc. and Zoho Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Component, Application, Organization Size, Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and Zoho Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Financial Analytics Market to Reach USD 29.7 Billion by 2033, Spurred by Advancements in Big Data Analytics Tools

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