Financial Analytics Market buoyed by recent advances in financial analytics tools

The Financial Analytics Market deals with the development, manufacture and distribution of financial analytics tools for enterprises of all kinds and sizes. Financial data analytics can be described as a set of tools, techniques and processes used to find out answers for various business questions as well as to forecast future scenarios regarding finance and the economy.

The services provided by the Financial Analytics Market are used for analyzing the equity and bond markets quite extensively. Financial data analysis plays a critical role for any business which wants to improve its efficiency and performance. Various types of financial analytics tools help an enterprise in investigating its financial health, competitive superiority, the market, etc. The Financial Analytics Market provides solutions in the form of big data analytics which help a business in making the most efficient choices.

Scope & Regional Forecast of the Financial Analytics Market

The recent rapid technological leaps have had a large influence on the Financial Analytics Market. Analytics in finance is playing a bigger role than ever through advanced analytics and the supporting financial analytics software. The insights from big data analytics and other financial analytics tools are vital for a business to make itself stand out from its competition.

The Financial Analytics Market faces a few challenges in the form of financial data analysis security concerns and the numerous industry verticals in play. Financial analytics software through the cloud is a development which is expected to take the Financial Analytics Market by storm during the next few years. Data analytics companies can now provide insights from advanced analytics remotely and instantly. This development is expected to have a big impact on the way enterprises go about their business.

The Financial Analytics Market has so far been dominated by North America. This dominance is set to continue as the fastest growth in future demand is expected from region. Europe and Asia-Pacific follow it close behind.

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Segmentations & Key Players involved in the Financial Analytics Market

According to IndustryARC findings, the Financial Analytics Market can be broken down into various segmentations on the basis of –

Type: Data Integration, DBMS, OLAP & Visualization Tools, Reporting & Analysis, Analytical Solutions, Consulting & Support and Others.

Application: Assets & Liability Management, Payables Management, Budgetary Control Management, Profitability Management, Receivables Management and GRC Management.

Industry Vertical: Banking & Financial Services, Healthcare, Consumer Goods & Retail, Government, Transportation and Logistics, Manufacturing, Telecommunication, Energy & Utilities and Others.

Some of the key players involved in the Financial Analytics Market according to IndustryARC are as follows:

·         Microsoft Corporation

·         Fair Isaac Corporation (FICO)

·         Information Builders

·         Hitachi Consulting Corporation

·         Deloitte Touche Tohmatsu Limited

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About IndustryARC:

IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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