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  • Financial Analytics Market Insights by Size, Status Analysis and Forecast 2025

    (I-SoftwareNews.Com, January 05, 2018 ) Over the last few years the finance is playing as a central role in the analysis of any business and it has been expanded and transformed. Highly competitive business environment need more from finance then from accurate financial statement and reports. Today, finance is more complex and facing more demands as a result there is pressure from investors for greater transparency, more effective partnering and continued economic uncertainly. Financial analytics are used by the business for understanding current and past performance, predict future performance and make decision. Financial analytics allows the end user to focus on financial functions across organization and helps the business organization to integrate the business intelligence (BI) from various department and implement analytics tool to extract current vision from the collected data. It is used to handle specific business operations and to forecast future financial situation. Banking finance services and insurance (BFSI) using financial analytics for improving standard financial function namely assets and liability, budgetary control, governance, profitability and compliance management risk.

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    One of the major driving factor fueling the growth of financial analytics is development of innovative business model such as business-to-employee, business-to-consumer and business-to-business. In addition to this there are other factor fueling the growth of financial analytics are increasingly rising data intensity, use of financial analytics as competitive differentiator, rise in the awareness among the end user and improved performance. However, the factors hindering the growth of financial analytics are lack of skilled workforce, security concern and large number of business dimensions. Demand for cloud computing, the advent of cloud computing has pushed financial planning to a new level and is expected to boost the market over the forecasted period.

    Financial analytics market is segmented on the basis of deployment type such as on-premise deployment, cloud deployment and hybrid cloud and further the market is breakdown as solution which includes data base management solutions, analytical solutions, visualization, reporting and analysis tool and others and further by services which includes consulting services and professional services. Similarly, the market is further segmented on the basis of application such as payables management, receivable management, budgetary control management, asset and liability management, others and further breakdown as vertical as BFSI, IT and Telecommunication, government, retail and consumer goods and others.

    The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Japan, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate financial analytics market are Deloitte Touche Tohmatsu Limited, Hitachi Consulting Corporation, Information Builders, Fair Isaac Corporation (FICO), Microsoft Corporation, Teradata Corp, Tableau Software Inc., Rosslyn Analytics Ltd, SAS Institute Inc. and SAP AG.

    Complete Report is Available at http://www.theinsightpartners.com/reports/financial-analytics-market

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    Source: EmailWire.Com

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