How big is the financial analytics market?
According to 6Wresearch internal database and industry insights,
GLobal financial analytics market was valued at
USD 10.3 Billion in 2024 and is expected to reach
USD 23.6 Billion by 2031, growing at a
compound annual growth rate of 12.50% during the forecast period.
This expansion is attributed to the growing need for risk management, data-driven decision-making, and real-time financial insights, as well as the extensive use of cloud-based analytics platforms in the banking, insurance, and investment industries.
Key Growth Factors of the Financial Analytics Market
- Expanding use of data-driven decision-making in the financial industry
- Growing need for forecasting and budgeting predictive analytics
- Real-time financial reporting and performance monitoring are essential.
- Fintech and digital financial services expansion
- expansion of cloud-based tools for financial analysis and planning
- Combining AI and ML with scenario planning and financial modelling
Financial Analytics Market Trends
Financial analytics market trends include the shift toward self-service BI tools, AI-powered financial planning, and automated risk scoring systems. There is strong growth in mobile financial dashboards, predictive analytics for cash flow, and real-time regulatory reporting across enterprises and financial institutions.
Emerging Developments in the Financial Analytics Market
Emerging Developments in the financial analytics market included cloud-native, API-enabled platforms with AI-based automation. Advancements in natural language processing for financial queries, blockchain-backed audit trails, and predictive insights for investment optimization are transforming the market landscape.
Leading Companies in the Financial Analytics Market
- SAP SE
- Oracle Corporation
- IBM Corporation
- SAS Institute Inc.
- Tableau Software (Salesforce)
- FIS Global
How big is the financial analytics market : FAQs
The financial analytics market is projected to reach USD 23.6 billion by 2031.
The financial analytics market anticipated to grow at a CAGR of 12.50% during the forecast period.
Applications include budgeting, forecasting, investment analysis, cash flow management, and compliance monitoring.
Banks, insurance firms, asset managers, fintech startups, and large enterprises are primary users.
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