Financial Analytics Market Growth to be Propelled by CAGR of ~10% throughout 2022 – 2030

The global financial analytics market is estimated to occupy a sizeable amount of revenue by recording a CAGR of ~10% during the forecast period, i.e., 2022 – 2030, owing to the increasing number of financial frauds and identity thefts around the world, and growing demand for financial analytics solutions among organizations.

Apart from these, escalating focus on data-driven financial decisions in various industry verticals globally, and development of enhanced technologies in business intelligence are also expected to drive market growth in the coming years.



The market is segmented by deployment, application and end user. Based on deployment, the cloud segment is anticipated to witness the highest market growth during the forecast period on the back of the ease of scalability, speed of deployment, and 24×7 availability of cloud-based financial analytics solutions. Additionally, by end user, the BFSI segment is projected to gather the largest share over the forecast period ascribing to the high deployment of financial analytics solutions in this industry.


Geographically, the global financial analytics market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the growing awareness about applications of analytics solutions in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period ascribing to the rising demand for cloud-based analytics in the region. It is evaluated that China the biggest cloud services market in Asia Pacific, spending more than USD 18 billion on cloud infrastructure in 2020, up from about USD 10 billion in 2019.


The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.


Rising Number of Financial Frauds Worldwide to Drive Market Growth


The increase in the incidences of financial thefts has resulted in the need for better financial management as a small error in achieving compliance can cost organizations a loss of their major clientele. This is giving rise to the deployment of financial analytics among organizations of all the sizes, which in turn is significantly projected to accelerate the growth of the market in the near future.

However, data security concerns associated with financial analytics is expected to operate as key restraint to the growth of the global financial analytics market over the forecast period.


This report also provides the existing competitive scenario of some of the key players of the global financial analytics market which includes company profiling of IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, Teradata Corporation, SAS Institute, TIBCO Software, Zoho Corporation, Domo Inc., FICO, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.


On the whole, the report depicts detailed overview of the global financial analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Get a PDF Sample For More Detailed Market Insights:

https://www.researchnester.com/sample-request-3681

Comments

Post a Comment

Popular posts from this blog

Global Artificial Intelligence in Agriculture Market Will Grow Rapidly Over Forecast By 2030

Image
The global artificial intelligence in agriculture market is estimated to occupy a sizeable revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the escalating growing use of smart sensors in agricultural fields, and high demand for agricultural produce globally. The World Bank stated that in 2018 agriculture accounted for 4 percent of the global gross domestic product. In some developing countries it was also calculated to account for more than 25 percent of the GDP share .  Apart from these, government initiatives regarding research and development of sophisticated diagnostic techniques and growing inclusion of rubella vaccination in national health programs of various countries are also expected to drive market growth in the coming years. The global artificial intelligence in agriculture market is segmented by technology, deployment, offering and application. Based on technology, the machine learning segment is anticipated to grab the largest
Read more

Global Building Automation Systems Market To Be Driven By The Growing Awareness

Image
The   global building automation systems market   is estimated to occupy a large amount of revenue by recording a CAGR of ~11% during the forecast period, i.e., 2022 – 2030, owing to the growing need for proper energy management across the globe, and increasing emphasis on overcoming utility costs.  Apart from these, rising technological developments in wireless connectivity networks, and surge in the number of government and private projects regarding building automation are also expected to drive market growth in the upcoming years. The market is segmented by component, offering and application. Based on offering, the security and access controls segment is predicted to gather the largest share during the forecast period on the back of their ability to increase security level, monitor activities, and keep a record of people entering and exiting buildings. Additionally, by application, the industrial segment is projected to observe the highest growth over the forecast period ascribing
Read more

Global No.2 Diesel Fuel Market 2021 Research Report with COVID-19 Impact, by Future Trend, Growth rate and Industry Analysis to 2030

  The   global no.2 diesel fuel market   is estimated to occupy a large amount of revenue by recording a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the growing awareness associated with the use of high-performance fuels, and increasing per capita spending around the world.  Apart from these, growing number of vehicles on the road, and notable expansion of transportation industry, especially in developing and developed countries, are another crucial factors expected to accelerate market growth in the forthcoming years.   The International Organization of Motor Vehicle Manufacturers states that 91.786 million automobiles were produced in 2019. Out of these, around 67.149 million units belonged to cars and the remaining 24.637 million units were of commercial vehicles. The market is segmented by sulfur content and application. Based on sulfur content, the ultra-low sulfur diesel fuel segment is anticipated to observe noteworthy growth rate during the forecast peri
Read more