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Financial Analytics Market size worth $43 Bn by 2030

  • Published Date: August 29, 2022

Financial Analytics Market size is anticipated to reach USD 43 billion by 2030, according to a new research report by Global Market Insights Inc.

The growing requirement for better risk and compliance management stimulates the demand for financial analytics. The demand for improved risk management solutions has witness significant momentum across the fintech sector owing to the rising instances of cyberattacks and money laundering. The increasing vulnerabilities associated with cybersecurity are likely to strengthen the financial analytics market outlook.

Efficient risk management to push the demand for financial analytics services

The financial analytics services segment exhibit gains at over 15% between 2022 and 2030. Financial analytics software or services deliver differing perspectives on the financial data of a given business or insights that can encourage strategic actions and decisions focused on improving the overall business performance. The increasing demand to leverage new opportunities while minimizing the risk involved may foster product adoption in the coming years.

Increasing technological investments to boost product demand across SMEs

The SMEs organization is poised to expand at around 20% CAGR from 2022 to 2030. The segment growth is credited to the increasing number of SMEs leveraging business intelligence and digital technologies. According to Globalnaps, there are about 400 million SMEs contributing to the world economy. The ongoing digitization trends and increasing investments in predictive analytics may positively influence the financial analytics market landscape from SMEs.

Cloud deployment model to grow substantially due to enhanced reporting capabilities

U.S. Financial Analytics Market Share, By Organization Size,

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The cloud segment is predicted to observe more than 20% growth rate from 2022 to 2030. These solutions help enhance the data visualization and reporting capabilities of organizations enabling them to gain more useful insights from their data anywhere, anytime, or on any device. Besides, the easy accessibility and the ability to access larger data sets will push the demand for cloud-based financial analytics.

Browse key industry insights spread across 415 pages with 510 market data tables and 40 figures & charts from the report, “Financial Analytics Market Size By Component (Solution [Data Integration Tools, Database Management System (DBMS), Query, Reporting & Analysis, Online Analytical Processing (OLAP) & Visualization Tools], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Organization Size (SME, Large Enterprises), By Application (General Ledger Analytics, Wealth Management, Budgetary Control Management, GRC Management, Customer Management, Payables/Receivables Analytics, Transaction Monitoring), By End-use (Retail & Consumer Goods, BFSI, Manufacturing, IT & Telecom, Government & Public Sector, Transportation & Logistics, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Application Development, Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:


Advancing digitization to drive lucrative gains from budgetary control management

Budgetary control management is projected to exceed USD 6 billion by 2030. The surging digital transformation and the subsequently rising requirement for effective budgeting and planning solutions in the fintech sector are seen as key factors augmenting the segmental expansion. These solutions are generally introduced across financial institutions to manage income and expenditure and define the standards required in all control systems.

Escalating global initiatives to foster product  growth in retail and consumer goods segment

The retail and consumer goods segment accounted for USD 1.5 billion in 2021 and is expected to emerge as a prominent end-user. The accelerating focus of several governments globally on developing a digital economy is set to accelerate the business landscape. These initiatives coupled with the proliferation of the e-commerce sector and a considerable growth in cashless transactions and digital payments may support the financial analytics market expansion.

Technological innovations to define the regional landscape of North America

The North America financial analytics industry surpassed USD 3 billion in 2021 led by the rising adoption of advanced technologies like Artificial Intelligence and Machine Learning. The increasing demand to deliver personalized digital experiences to consumers combined with better risk and compliance management will transform the regional market growth.

New product development to aid the competitive outlook

Prominent players profiled in the financial analytics market include Datapine GmbH, Alteryx, Inc., Domo, Inc., GoodData Corporation, Fair Isaac Corporation (FICO), Hitachi Vantara Corporation, Information Builders, IBM Corporation, Microsoft Corporation, Oracle Corporation, MicroStrategy, Inc., and others. These companies have been focusing on leveraging advanced technologies like big data to develop unique and improved financial analytics solutions to safeguard their position in the market.

Authors: Preeti Wadhwani, Smriti Loomba