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  • 12 October 2018 20:00

Financial Analytics Is Real Time Analytics In Financial System

Global Financial Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Financial analytics is a field that provides different views of company’s financial data. It helps the company’s in calculation of financial statements and also helps in forecasting future financial scenario. On the basis of financial analytics three business models are developed – business-to-business, business-to-consumer, and business-to-employee. Also, financial analytics helps to improve business process, to understand performance of organization, manage investments of the company’s, and to measure & manage value of tangible and intangible assets of an organization.

Rising demand for real time analytics in financial system, and increasing penetration of Internet of Things (IoT) are key factors driving growth of the global financial analytics market. In addition, rising adoption of cloud services and solutions, and growing awareness about usage of financial analytics are other factors expected to boost growth of the global financial analytics market over the forecast period.

However, concerns related to data security is a major factor restraining growth of the global financial analytics market. Additionally, internet connectivity issues in developing economies is another factor expected to hamper growth of the global financial analytics data over the forecast period.

A major and rising trend in the global financial analytics market is increasing preference for big data analytics and use of business intelligence (BI) in business process. This is another factor expected to aid in growth of the global financial analytics market over the forecast period.

The global financial analytics market is segmented on the basis of deployment type, organization size, application, end-user, and region. On the basis of region, the global financial analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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