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Financial Analytics Market: What Will Be the Future Growth Opportunities in Global Industry

Author : Ronak Bora | Published Date : 2019-04-08 

The demand for Global Financial Analytics Market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Contemporary business models viz. B2C (business-to-consumer), B2E (business-to-employee), and B2B (business-to-business) are predicted to open new opportunities for financial analytics market. Technological advancements and their effect on business processes of an organization along with a high degree of automation in financial department for different transactions are expected to drive the market growth. Furthermore, there is greater focus on data transparency and rising data intensity as a competitive differentiator, which will contribute to forces driving the financial analytics market.

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Adoption of cloud solutions across BFSI sector will continue to grow rapidly. Although private clouds have been dominant in the recent years, there will be a noticeable increase in the evaluation and testing of larger projects and strengthening of the hybrid cloud environments over the future. Financial analytics market solutions are diminishing the need for hardware, technical staff, maintenance, and overhead costs. Moreover, it allows access and use from anywhere and is predicted to be the most popular deployment model across the vertical.

The visualization software implements numerous methods to display complex data into graphical presentations, thus reducing complexity and increase understanding of financial performance without having prior knowledge of financial techniques. Application segment in the financial analytics market is broadly classified to include budgetary control management, assets and liability management, profitability, payables and receivables management, and governance, risk and compliance (GRC) management.

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North America financial analytics market is predicted to account for the maximum revenue share in the global market due to high adoption across multiple industries along with quick technology adaptation rate. It also has a huge penetration rate for BI and business analytics market. The APAC and Latin American regions are expected to experience growth in this industry due to favorable government initiatives and increasing awareness of its benefits including improved efficiency across the business, cost saving, and real-time visibility.

The key players in financial analytics market include Oracle, TIBCO, SAP AG, Deloitte Touche Tohmatsu Limited, Microsoft Corporation, and IBM. These vendors offer solutions in the form of individual solutions or incorporated into BI suites. Players operating in the industry are coming up with latest innovative strategies to maximize the market share.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/financial-analytics-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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