Financial Analytics Market Size - By End-Use (Retail & Consumer Goods, BFSI, Manufacturing, IT & Telecom, Government & Public Sector, Transportation & Logistics, Healthcare), Component, Deployment Model, Organization Size, Application & Forecast 2023 - 2032
Published Date: April - 2025 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFinancial Analytics Market Size
Financial Analytics Market size was USD 10.2 billion in 2022 and is estimated to register a CAGR of 16.4% during the forecast period from 2023 to 2032. Tracking financial trends is propelling the market growth as institutions and businesses increasingly rely on insights based on data. Real-time analysis of market changes, investment trends, and economic indicators supports well-informed decision-making.
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With the rise of big data, financial analytics solutions provide accurate predictions, risk ratings, and strategic advice, improving competitiveness and facilitating early reactions to shifting financial environments. In addition, the increasing use of AI in BFSI will further propel the market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Financial Analytics Market Size in 2022 | USD 10.2 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 16.4% |
| 2032 Value Projection | USD 45.3 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 442 |
| Segments covered | Component, Deployment model, Organization size, Application, End-use |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Prescriptive analytics is driving the financial analytics space by giving actionable suggestions for complicated financial problems. By blending prediction models and optimization methods, it assists in optimal decision-making. Financial organizations, companies, and investors are favored by tailored solutions that account for various variables and constraints. Proactive solutions enhance portfolio management, risk measurement, and resource distribution, making way for better-informed decisions. The need for such advanced insights is fueling the use of prescriptive analytics, driving the market's growth.
Ensuring accuracy and reliability in financial analytics depends a lot on good data. But financial data may be fragmented across multiple platforms and systems, causing integration challenges. Incomplete or inconsistent data will distort the results, affecting the efficacy of the analytics model. Good data governance and validation procedures are required to avoid such pitfalls and create a sound platform for insightful and predictive analysis in the marketplace.
COVID-19 Impact
The COVID-19 pandemic has also benefited the financial analytics industry by placing utmost emphasis on the use of data-driven insights under economic uncertainty. As companies and financial institutions have experienced unprecedented strain, the requirement for precise prediction, risk forecasting, and planning for scenarios had been in a huge demand. This higher take-up of tools of financial analytics for real-time monitoring and making strategic decisions helped reinforce their position even more, with innovation building further in the market.
Financial Analytics Market Trends
Imagine thisa number of smart startups are emerging in the world of financial analytics, and they're disrupting everything. These fintech analytics startups are a jolt of innovation to the arm of the business. They're injecting new ideas, new thought patterns, and a good amount of competition. Consider Dobin. This Singapore-based fintech startup made history in July 2023 as the first in Southeast Asia to leverage open finance and sophisticated data analytics. What's their magic bullet? They're providing individuals with a crystal-clear picture of their finances, revealing hidden gems, and helping them maximize their money. These dynamic startups are putting the pedal to the metal in the feet of the powers that be in the financial analytics space. They're challenging all of us to step up, which is forcing the whole market to move in a positive direction. And the more people come on board with these innovative solutions, the financial analytics space is going to revolutionize, enabling us all to better control our money and realize our financial objectives.
Financial Analytics Market Analysis
Discover more about the significant segments defining this market
The large enterprises segment controlled more than 65% of the financial analytics market share in 2022. Partnerships are exhibiting profitable growth for large enterprises in the market. Alliances between mature management consultancy and technology providers enable the embedding of advanced analytics solutions within existing systems.
For example, in July 2023, Capco, the global technology and management consulting firm focused on financial services, and Pyramid Analytics, a leading provider of business analytics and decision intelligence platforms, have partnered. The two firms have joined hands to help financial institutions simplify decision-making with AI-driven, automated, and collaborative insights.
Discover more on the major segments dominating this market
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The BFSI segment held a 28% share of the financial analytics market in 2022. Given the huge amount of financial data being created on a daily basis, the industry needs accurate insights for decision-making, risk measurement, fraud identification, and improving customer experience. Financial analytics solutions give a competitive advantage by making accurate predictions possible and strategic planning. Therefore, the BFSI sector continues to be a force behind the growth and adoption of the market.
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North America financial analytics market with over 37% market share in 2022. Strategic alliances between U.S.-based companies are driving the North American market. These partnerships draw on the strengths of mature financial institutions, technology companies, and analytics providers.
For example, in June 2023, Moody's Corporation and Microsoft have announced a new strategic partnership. This alliance is designed to offer cutting-edge data, analytics, research, collaboration, and risk solutions customized for financial services as well as the international workforce conducting knowledge-driven tasks. The ensuing synergy of these partnerships solves the changing industry requirements which makes North America the epicenter of market.
Financial Analytics Market Share
Major companies operating in the financial analytics market are
- Microsoft Corporation
- IBM Corporation
- Oracle
- Hitachi Vantara
- SAS Institute
- TIBCO
- SAP SE.
The market features intense competition, with numerous players offering diverse solutions leveraging data science, AI, and advanced technologies.
Financial Analytics Industry News
- In July 2023, Bunker, a financial analytics platform headquartered in Singapore, has secured more than USD 5 million through successful pre-seed and seed funding rounds from a consortium of investors in the region. The startup intends to utilize the recently acquired capital to expedite its expansion and enhance its platform, which provides a wide array of comprehensive financial analytics solutions.
This financial analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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Market, By Component
- Solution
- Data Integration Tools
- DBMS
- Query, Reporting & Analysis
- OLAP & Visualization Tools
- Services
- Professional Services
- Managed Services
Market, By Deployment Model
- On-premises
- Cloud
Market, By Organization Size
- SMEs
- Large Enterprises
Market, By Application
- General Ledger Analytics
- Wealth Management
- Budgetary Control Management
- GRC Management
- Customer Management
- Payables/Receivables Analytics
- Transaction Monitoring
- Others
Market, By End-Use
- Retail & Consumer Goods
- BFSI
- Manufacturing
- IT & Telecom
- Government & Public Sector
- Transportation & Logistics
- Healthcare
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Singapore
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- UAE
- Saudi Arabia
- Israel
- South Africa
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