Asia Pacific Financial Analytics Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Model, By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Financial Analytics Market is expected to witness market growth of 13.0% CAGR during the forecast period (2022-2028).

Some of the primary trends driving the growth of the financial analytics market include a focus on reducing budgeting and planning cycles, the rise of digital transformation projects, and increased awareness about the uses of financial analytics solutions. In this day of fierce competition, businesses are focusing more on improving customer satisfaction and, as a result, are implementing advanced analytics solutions to get a 360-degree perspective of their customers. In order to measure customer value and build a consistent Omni channel customer experience model, more understanding of changing customer behavior is necessary. Organizations are using financial analytics tools to increase insight into income, and resource use in order to assure improved financial performance. Financial analytics solutions enable organizations to gain insights into operational Key Performance Indicators (KPIs), financial efficiency, and product & customer profitability. Organizations can better channel their investments for better earnings and business performance due to these increased insights.

Financial analytics, which is a part of enterprise performance management and business intelligence, has an impact on all aspects of a corporation and is critical in assisting firms in forecasting and planning for the future. Financial analytics entails analysing large volumes of financial and other pertinent data to find patterns that can be used to create predictions, like as what a client will buy or how long an employee will stay on the job. Corporate financial teams are progressively leveraging a wealth of financial and other meaningful data from different departments all through their organizations to aid company leaders make better decisions and enhancing the company's value. Financial analytics provides insight into organizations' financial status and increases profitability, cash flow, and value by assisting businesses to understand their top-and bottom-line performance, measure and handle the assets, and forecast variations inside the organizations and industries in which it contends. Companies can also use financial analytics to improve their business procedures and income statements.

With the rising investments in AI technology and increased digitalization in the region, the Asia Pacific financial analytics market is expected to expand in the coming years. China accounted for some of the overall external data analytics and AI investments. One of the primary drivers propelling the market forward in the region is the increased investments by Chinese players.

Organizations can use the cloud model to integrate data from all sources, among all channels, and at a large scale. Data gathering from all social networks, internal applications, gadgets, and data subscriptions will be prohibitively expensive without such cloud-based solutions. The Singaporean BFSI business has made tremendous progress in adopting cloud-based solutions, driving up the demand for cloud-based financial analytics solutions. The growing utilization of artificial intelligence technology and increased competency of workforce to handle financial analytics software has led to the drastic inclusion of financial analytics software. Due to the above-mentioned reasons, the financial analytics market is expected to grow in the forecast period.

The China market dominated the Asia Pacific Financial Analytics Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1,598 million by 2028. The Japan market is estimated to grow at a CAGR of 12.3% during (2022 - 2028). Additionally, The India market is expected to witness a CAGR of 13.7% during (2022 - 2028).

Based on Component, the market is segmented into Solution and Services. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government & Public Sector, Telecom & IT, Retail & Ecommerce, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tibco Software, Inc. (Vista Equity Partners), Rosslyn Data Technologies, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Teradata Corporation, SAP SE, Oracle Corporation, Microsoft Corporation, IBM Corporation, Deloitte Touche Tohmatsu Limited, and Hitachi Vantara LLC (Hitachi Ltd.)

Scope of the Study

Market Segments Covered in the Report:

By Component

• Solution
• Services

By Deployment Model

• On-premise
• Cloud

By Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)

By Vertical

• BFSI
• Manufacturing
• Government & Public Sector
• Telecom & IT
• Retail & Ecommerce
• Healthcare & Life Sciences
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Tibco Software, Inc. (Vista Equity Partners)
• Rosslyn Data Technologies
• Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
• Teradata Corporation
• SAP SE
• Oracle Corporation
• Microsoft Corporation
• IBM Corporation
• Deloitte Touche Tohmatsu Limited
• Hitachi Vantara LLC (Hitachi Ltd.)

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