Financial Analytics Market Share

APAC Market Statistics

On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is likely to dominate majority revenue share by 2036, impelled by increasing deployment of big data technologies, such as data science and predictive analysis, especially in China, and rising demand for cloud-based analytics. China is evaluated to be the biggest cloud services market in Asia Pacific. In 2020, the country spent more than USD 18 billion on cloud infrastructure, up from about USD 10 billion in 2019.

North America Market Analysis

Moreover, the market in North America is projected to grab the largest share over the forecast period ascribing to the high focus on enhancing customer experience, and increase consciousness regarding the applications of analytics solutions in the region. In addition, surging adoption of financial analytics solutions by SMEs is also predicted to drive the region’s market growth in the future.

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 Share