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Financial Analytics Market Share

Report ID: GMI1923
Published Date: Oct 2024
Report Format: PDF

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Financial Analytics Market Share

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The financial analytics industry features a diverse range of competitors, including established organizations. Major companies such as Microsoft, IBM, Oracle, Hitachi Vantara, SAS, TIBCO, and SAP lead the market, using their extensive technology infrastructure, brand recognition, and large customer bases to provide comprehensive solutions, and these companies collectively held a substantial market share of 49% in the Financial Analytics market in 2023.

Microsoft's Azure platform offers a strong cloud infrastructure that enhances financial analytics. Financial institutions use Azure to process large amounts of financial data in real-time. Additionally, Microsoft's AI and machine learning tools help organizations perform predictive and prescriptive analyses, which are crucial for risk management, fraud detection, and forecasting in finance. SAP provides industry-specific solutions for banking, insurance, and other financial sectors. The SAP financial services data platform allows institutions to gather, analyze, and gain insights from both structured and unstructured data.

Financial Analytics Market Companies

Major players operating in the financial analytics industry are:

Domo
Hitachi Vantara
IBM
Microsoft
Oracle
Rosslyn Data Technologies
Salesforce
SAP
SAS
TIBCO

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of financial analytics reached USD 10.9 billion in 2023 and is set to grow at a CAGR of 11.6% from 2024 to 2032, driven by the increasing reliance on data-driven insights.

The large enterprises segment held a market share of over 65% in 2023, benefiting from partnerships that integrate cutting-edge analytics solutions into existing systems.

The BFSI segment held a dominant market share of 25.8% in 2023, led by the need for precise insights into decision-making, risk assessment, fraud detection, and customer experience enhancement.

The U.S. market accounted for 70% of the revenue share in 2023, supported by major financial institutions focusing on real-time decision-making, risk management, and compliance.

Key players in the industry include Domo, Hitachi Vantara, IBM, Microsoft, Oracle, Rosslyn Data Technologies, Salesforce, SAP, SAS, and TIBCO.