In 2022, the size of the global financial analytics market was estimated at USD 7.99 billion. With a predicted CAGR of 11.4% over the forecast period, the market is expected to increase from USD 8.27 billion in 2023 to USD 18.71 billion by 2030.
The predictive analytics technique known as financial analytics evaluates data from financial statements. Making informed business decisions is made easier for businesses when they analyze their past and present performance and forecast their future performance. Along with the organization's financial position, its goal is to ascertain the profitability potential.
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Which company dominates the Global Financial Analytics Market?
- Alteryx (U.S.)
- TABLEAU SOFTWARE, LLC (U.S.)
- QlikTech International AB (U.S.)
- SAP SE (Germany)
- Fractal Analytics Inc. (U.S.)
- SP Globalx (U.S.)
- Capgemini (France)
- IBM Corporation (U.S. )
- Accenture (Ireland)
- Microsoft Corporation (U.S.)
What are the factors driving the growth of the Financial Analytics Market?
The goal of predictive analytics is to estimate the likelihood of future outcomes by analyzing financial data. Predictive analytics is being used more and more by businesses to solve challenging business issues and boost productivity. Predictive analytics for finance functions is anticipated to play an extremely crucial role in assisting decision-makers in responding more effectively as the complexity and unpredictability of the domestic and global economies increase. Over the course of the projection period, all of these factors are anticipated to fuel industry growth. Additionally, a global regulatory environment that is becoming more stringent supports the market's expansion. To ensure that they operate within the bounds of the law and morality, organizations of all sizes must ensure regulatory compliance.
What are the market's geographic insights for the Financial Analytics Market?
The market is divided into North America, South America, Europe, the Middle East Africa, and Asia Pacific according to geography. They are further segmented into countries.
North America is anticipated to hold the largest market share for financial analytics during the forecast period because of the region's established players, increased use of Business Intelligence (BI) tools across numerous industries, strict regulatory compliance requirements, and technological advancements. Due to the rapid advancements in digitization, the United States has maintained its dominance in the region of North America. Key regional players' acquisitions, alliances, and partnerships aid in the expansion of the regional market.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Financial Analytics Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Financial Analytics Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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