Financial Analytics Market Analysis

The market is segmented by end user into BFSI, healthcare, manufacturing, government, it and telecom, and others, out of which, the BFSI segment is anticipated to hold the largest share in the global financial analytics market. This can be accounted to the upsurge in deployment of financial analytics-as-a-service in this sector as a result of its ability to improve general ledger, budgetary control, asset and liability, and compliance management and risk. Additionally, on the basis of deployment, the cloud segment is assessed to observe the highest growth during the forecast period owing to the ease of scalability, speed of deployment, and 24x7 availability of cloud-based financial analytics solutions. Apart from these, escalating collaborations between market players and major cloud service providers is also predicted to boost the growth of the market segment in the imminent time.

Our in-depth analysis of the global market includes the following segments:

By Deployment

On-Premise
Cloud

By Application

Database Management and Planning
Analysis and Reporting

By End User

BFSI
Healthcare
Manufacturing
Government
IT and Telecom
Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of financial analytics is assessed at USD 9.53 billion.

Financial Analytics Market size was over USD 8.72 billion in 2023 and is projected to exceed USD 36.32 billion by 2036, growing at over 11.6% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing number of incidences of financial fraud and identity theft, and rising emphasis on data-driven financial decisions in several industry verticals.

Asia Pacific industry is likely to dominate majority revenue share by 2036, impelled by increasing deployment of big data technologies, such asÂ data science and predictive analysis, especially in China, and rising demand for cloud-based analytics.

The major players in the market are IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, and others.

Financial Analytics Market Analysis