Financial analytics solutions enable end users to manage their financial resources and answer specific business questions associated with budget, cost, and revenue. At present, end users need predictive insights that can help them build effective business strategies to improve their day-to-day decision-making.
Continuous advancement in business intelligence and business analytics solutions is increasing the adoption of analytical tools and services among end-user organizations. Further, increase in need to monitor and analyze huge volume of unstructured data and rise in need for data transparency are anticipated to drive the market growth. However, data security is a major factor that is projected to impede the market growth. Emerging markets, such as Latin America, Middle East, and Africa, are expected to present significant growth opportunities for prominent players, owing to limited penetration of financial analytics solutions and infrastructure.
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The global financial analytics market is segmented on the basis of type, deployment type, organization size, end user, and region. Based on type, it is divided into database management system (DBMS); data integration tools; query, reporting, and analysis; analytics solutions; and others. On the basis of deployment type, it is bifurcated into on-premise and cloud. Based on organization size, it is classified into small & medium enterprises and large enterprises. The end users in this market include BFSI, manufacturing, government, education, and others (healthcare, energy & utilities, and retail). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among regions, North America dominated the market with around 41% share in 2016, owing to high penetration of mobile devices and mobile Internet.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the financial analytics market with current and future trends to elucidate the imminent investment pockets.
Information related to key drivers, restraints, and opportunities along with their impact analysis is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers participating in the market.
The quantitative analysis of the financial market from 2017 to 2023 is provided to elaborate the financial analytics market potential.
Key Market Players Profiled in the Report
Deloitte LLP
Hitachi Consulting
IBM Corporation
Information Builders
Microsoft Corporation
Oracle Corporation
Rosslyn Analytics Limited
SAP SE
Symphony Teleca Services, Inc.
Teradata Corporation
Financial Analytics Market Key Segments:
By Type
Database Management System (DBMS)
Data Integration Tools
Query, Reporting, and Analysis
Analytics Solutions
Other
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By Organization Size
Large Enterprises
Small & Medium Enterprises
By Deployment Type
On-premise
Cloud
By End User
BFSI
Manufacturing
Government
Education
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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