Financial Industry Growth Rate Top Vendor Performance Analysis: By Impact of COVID-19, Manufacturer Strategies


Posted June 2, 2021 by pranali004

The global Financial industry growth Report Market Trends has been affected due to the lockdown across the regions.

 
Market Overview:
The financial industry growth rate is expected to register a CAGR of 10.4% during the forecast period to reach USD 11.58 billion by 2024.
Financial analytics solutions create on-the- spot analysis, which answers specific business questions of enterprises and forecasts future financial scenarios. The businesses, projects, budgets, and other finance-related entities of an enterprise are evaluated to determine the performance and suitability. The data is presented in a dashboard graphically, which is preferred by users as it is easier to read and interpret than a series of spreadsheets with pivot tables.
The major factor contributing to market growth is the growing need for data-driven financial decisions among the end users. Advancements in business intelligence (BI) and business analytics tools are also contributing to the market growth. Additionally, the increasing need to reduce planning and budget cycles among organizations is also expected to drive the market. However, concerns regarding privacy and security, along with financial regulations and standards are expected to limit the market growth during the forecast period. Advancements in technologies such as artificial intelligence (AI) and machine learning (ML), and the growing adoption of predictive analytics offer lucrative opportunities to the key providers of financial analytics solutions and services in the global market.
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Competitive Analysis:
The key players in the global financial analytics market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Fair Isaac Corporation (US), Oracle Corporation (US), TIBCO Software Inc. (US), IBM Corporation (US), Zoho Corporation (India), Google (US), SAP (Germany), MicroStrategy Incorporated (US), TABLEAU SOFTWARE (US), Teradata (US), SAS Institute Inc. (US), Rosslyn Data Technologies (UK), Deloitte Touche Tohmatsu Limited (US), QlikTech International AB (US) and ALTERYX, INC. (US). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of solutions.

Segmental Overview:
The global financial analytics market has been segmented based on component, deployment, organization size, application, vertical, and region/country.
By component, the global financial analytics market has been divided into software and service.
Based on deployment mode, the global financial analytics market has been classified as on-premises and cloud.
Based on organization size, the global financial analytics market has been divided into small and medium-sized enterprises (SMEs) and large enterprises.
Based on application, the market has been segmented into governance, risk, and compliance management, customer management, wealth management, financial forecasting and budgeting, transaction monitoring, stock management, fraud detection and prevention, and others.
Based on vertical, the global financial analytics market has been divided into banking, financial services, and insurance (BFSI), retail & e-commerce, government and defence, healthcare and life sciences, energy and utilities, manufacturing and automotive, telecommunication and IT, transportation and logistics, and others.
The global financial analytics market has been analysed for four regions—North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis:
The global financial analytics market is estimated to grow during the forecast period from 2019 to 2024. The geographic analysis of the global financial analytics market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The market in Europe is expected to be the second largest during the review period due to the increasing demand for financial analytics solutions due to the growing adoption in the BFSI sector. Asia-Pacific is anticipated to be the fastest growing market in the global financial analytics market during the forecast period. A rapidly increasing number of enterprises adopting these solutions across the BFSI and retail and e-commerce industries and the rising need for reducing planning and budgeting cycles in the region are the key driving factors for the growth of the financial analytics market in Asia-Pacific.
Industry News
The global Financial industry growth Report Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Financial industry growth Report Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Financial industry growth Report Market Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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Phone 06468459312
Business Address Amanora Chambers
Magarpatta Road, Hadapsar
Country India
Categories Internet , Open Source , Research
Tags financial industry growth rate , financial industry growth rate size , financial industry growth rate trend
Last Updated June 2, 2021