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]),

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

The financial analytics market is speculated to witness significant growth trends through 2030 owing to the rapid transformation of financial standards. The presence of a dynamic regulatory framework across major economies will also increase product demand.

The emerging technological breakthroughs across the fintech industry have encouraged policymakers to bring about necessary changes in the existing regulations in the financial sector to help the integration of more advanced technologies targeting areas including digital currency and climate risks. For instance, in August 2022, Wayflyer's co-founder, joined the series A funding round of Arc, a US startup, to meet the digital banking needs of the current generation.

The financial analytics services segment may grow at a considerable growth rate during the projection period driven by the rising demand for modern business solutions across organizations globally. Financial analytics services enable businesses to analyze their customer profitability, sales predictions, product profitability, cash flow, etc. These services help enterprises of all capacities change their growth strategies and stay ahead of the competition while substantially improving their profitability and efficiency.

The cloud-based deployment model is likely to hold a significant market share between 2022 and 2030, driven by the rapid proliferation of cloud infrastructure and an increasing number of organizations transitioning towards digitizing their workloads. Cloud-based financial analytics help automate every accounting task and thus reduce manual effort, accelerate financial close processes, and improve accuracy. These solutions combine with a wide range of other business applications and are customizable and scalable to adapt to the needs of developing companies.

The SMEs segment may help financial analytics market players tap lucrative growth opportunities in the foreseeable future. The considerable rise in liberalized financial investments and trade to boost job creation and develop workable and enforceable policy support is likely to stimulate the segment growth. In addition, the advent of advanced technologies coupled with the increasing FDI inflows and government investments will help the industry gain significant momentum over the analysis period.

The application of financial analytics in transaction monitoring may profoundly impact the industry growth during 2022-2030. The segment valuation is estimated to surpass USD 4 billion by 2030. The expansion can be credited to the rapid surge in money laundering activities. This has pushed the demand for solutions that facilitate monitoring customer transactions and activities, including transfers, deposits, and withdrawals, bolstering the financial analytics industry outlook.

The healthcare sector may emerge as a prominent end-user over the assessment period, with a targeted valuation exceeding USD 6 billion by 2030. Financial analysis across these institutions includes methods used by creditors, investors, and management to assess the present, past, and future financial performance. The increasing requirement for better claims processing, revenue, risk, and fraud management across the healthcare establishments may support the segment expansion.

Regionally, the Latin America financial analytics market is anticipated to exceed a valuation of USD 4 billion by 2030. The regional industry is fueled by the proliferation of AI technologies and the rapid expansion of cloud infrastructure. Considerable growth in SMEs and investments in the fintech sector across the region have pushed the demand for financial analytics solutions. These solutions enable better compliance and risk management, supporting the regional industry landscape.