Financial Analytics Market Share, Size Data 2020: Key Manufacturers, Growth Opportunities and Challenges to Watch between 2020-2023

Worldwide "Financial Analytics" Market report 2020 sheds light on key attributes of industry which incorporates market dynamics and growth of Financial Analytics industry in upcoming years. This report also provides in-depth information of Top key players, Types and Applications and geographically analysis and contains information about Industry Overview, Definition, Specifications, Raw Material and Suppliers, Cost Structure Analysis, RandD Status and Technology Source. Financial Analytics market report also presents the proficient and detailed analysis of the current situation of industry. The research report provides

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Top Manufacturers Listed in the Financial Analytics Market Report are:
o FICO
o Hitachi Vantara
o Information Builders
o International Business Machines Corporation
o Microsoft Corporation
o Oracle Corporation
o Rosslyn Analytics Limited
o SAP SE
o SAS Institute
o Teradata Corporation

Financial analytics market was worth USD 5.89 billion in 2019 and is projected to grow to USD 11.57 billion by 2023 at a CAGR of 11.92% during the period 2018 - 2023. The report discusses the various types of solutions provided by financial analytics software to the end-users. While the regions considered in the scope of the report include North America, Europe, and various others. The study also emphasizes on how growing focus on data driven financial decisions in end-users is affecting the market.
In an economic environment of elevated volatility, uncertainty and risk, financial planning, managing, and forecasting solution provide the speed, agility, and foresight clients need to compete. Using these, clients can synthesize information, uncover trends, and deliver insights to improve decision making throughout the enterprise. Moreover, a growing focus on data driven financial decisions in end-users, and the emergence of big data, demands for solutions, which can tackle large amounts of data and can provide valuable insights. Furthermore, development of enhanced technologies in business analytics and BI and extended focus on data transparency, driving the demand for these solutions.
Advancements in BI and Business Analytics Tools to Drive the Market
Advancement in the market has resulted in the unified platforms for the financial analytics solutions. These unified solutions facilitate clients to dive into the analytical detail behind the performance and profitability of the product and service lines, customers, customer segments, sales channels. Moreover, with the changing environment, modern approach to financial data analysis is required across all types of industry verticals. The advent of predictive analytics help in determining the future results on the basis of historical data analysis, further driving the financial analytics market.
Cloud Based Solutions to Register the Highest Growth
Benefits of the cloud-based solutions, in general, are that it facilitates collaboration between partners and improves business agility. Further, it allows organizations to incorporate data from all sources, across all channels, and do it at a big data scale. Moreover, without cloud-based solutions, data collection from all internal applications, social networks, devices, and data subscriptions would be comparatively expensive for most of the organizations. In addition, BFSI industry is making a move toward the cloud-based solutions, further driving the demand for cloud based analytics solutions.
Asia Pacific to Show the Highest Growth
The growth of the market in the region is correlates with the growth in the end-user industries in the region. Moreover, in countries, like China, the deployment of big data technology across different industries is expected to spur the finance analytics services market with the financial services sector leading the way. In addition, India's financial analytics market is still in the early stage of development with huge growth potential. Also, as cloud adoption is gaining pace in the region's end-user industries, the demand for cloud-based analytics is further expected to increase. As the market is expected to acquire pace, the demand for analytics services is expected to increase in the future.
Key Developments in the Market
o January 2018 - BT announced a partnership with IBM Corporation, BT Cloud Connect Direct for IBM. With Cloud Connect Direct for IBM, BT customers will receive a connection to the IBM Cloud enabling access to services including compute, network and storage infrastructure, artificial intelligence, blockchain, IoT, and data and analytics capabilities
o December 2019 - In an effort to stimulate businesses' move to cloud computing, Microsoft launched its Azure Stack in India in Dec 2019. It provides all three forms of cloud - private, public and hybrid - to its customers. Through this, Microsoft aims to feed innovation and hasten country's digital transformation through Azure Stack, which facilitates agility of cloud computing to on-premises environments

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Financial Analytics Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Financial Analytics Market growth during the forecast period.
- Identify the latest developments, Financial Analytics market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Advancement in BI and Business Analytics Tools
4.2.2 Growing Focus on Data Driven FInancial Decisions in End-Users
4.3 Factors Restraining the Market
4.3.1 Cyberattacks and Data Breach Risks
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
5. Global Financial Analytics Market Segmentation
5.1 By Deployment Type
5.1.1 On-premise
5.1.2 On-cloud
5.2 By Solution Type
5.2.1 Database Management and Planning
5.2.2 Analysis and Reporting
5.2.3 Others
5.3 By End-user
5.3.1 BFSI
5.3.2 Healthcare
5.3.3 Manufacturing
5.3.4 Government
5.3.5 IT and Telecom
5.3.6 Others
5.4 By Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Middle East & Africa
5.4.5 Latin America
6. Competitive Intelligence - Company Profiles
6.1 FICO
6.2 Hitachi Vantara
6.3 Information Builders
6.4 International Business Machines Corporation
6.5 Microsoft Corporation
6.6 Oracle Corporation
6.7 Rosslyn Analytics Limited
6.8 SAP SE
6.9 SAS Institute
6.10 Teradata Corporation
*List is Not Exhaustive
7. Investment Analysis
8. Future Outlook of Financial Analytics Market

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