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Financial Analytics Global Market Report 2024: Market Set for Growth, Powered by AI and Big Data TrendsDUBLIN, Feb. 6, 2024 /PRNewswire/ -- The "Financial Analytics Global Market Report 2024" has been added to ResearchAndMarkets.com's offering. The global financial analytics market is demonstrating significant growth, underpinned by the rapid evolution of artificial intelligence (AI) and big data analytics. A newly published report provides an in-depth analysis of the market's recent achievements and potential, spotlighting the future trajectory of this robust industry. With a marked increase in data-driven decision-making across the finance sector, the report reveals a surge from $9.55 billion in 2023 to an expected $10.68 billion in 2024, with a compound annual growth rate (CAGR) of 11.9%. This growth is attributed to the critical need for real-time insights, an increase in regulatory compliance, complexity of financial instruments, and strategic data utilization. Looking further ahead, the market is forecasted to expand to a significant $16.23 billion by 2028, while maintaining a steady CAGR of 11.0%. Key drivers for this projected growth are identified as customer-centric financial services, the globalization of markets, concerns around cybersecurity, and the implementation of innovative banking initiatives. Major Trends Influencing the Financial Analytics Sector:
As the financial analytics market evolves, particular focus is give to North America, which holds the largest market share. Meanwhile, the Asia-Pacific region is anticipated to outpace other regions in terms of growth. The report segments the market into various components such as solutions and services, with a detailed analysis of their application across diverse industries including BFSI, IT, telecom, and more. Strategic Acquisitions and Innovations by Market Leaders Major market players are honing their competitive edge through strategic acquisitions and the launch of innovative products. Recent movements include SAP SE's acquisition of a majority stake in Taulia, aiming to augment its business solutions network and financial flexibility offerings, and Datamatics Global Services Limited's launch of its Finato platform, enhancing financial planning and analysis with advanced digital technologies. The report underscores the importance of financial analytics for enterprises seeking to enhance their financial performance and operational efficiency. It lays out comprehensive statistics, regional market shares, and an analysis of industry trends - crucial information for companies and stakeholders within the finance sector. The comprehensive nature of the study ensures that it serves as an essential tool for anyone involved or interested in the financial analytics market, providing an all-encompassing perspective of the current situation and forecast period. Entities covered within the market have contributed to a sturdy value with services that extend beyond the creation of financial analytics solutions, thus propelling the market to these heights. This report comes at a crucial time when industry leaders and investors are seeking to navigate the complexities of the market and leverage opportunities for growth and innovation. For stakeholders looking to gain a clear understanding of the transformative dynamics within financial analytics, this report provides the necessary insights to inform strategic decisions and capitalize on the evolving technological advancements that are shaping the industry. Key Markets Covered:
Companies Profiled:
For more information about this report visit https://www.researchandmarkets.com/r/rh4ulb About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1907 Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
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