A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Financial Analytics – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 31937
Companies: 19 – Players covered include Deloitte Consulting LLP; FICO (Fair Isaac Corporation); Hitachi Consulting Corporation; IBM Corporation; Microsoft Corporation; MicroStrategy, Inc.; Oracle Corporation; Rosslyn Analytics, Ltd.; SAP SE; SAS Institute, Inc.; Symphony Teleca; Tableau Software, Inc.; Teradata Corporation; TIBCO Software, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Data Integration Tools, Consulting and Support Services, Database Management System (DBMS), Query, Reporting & Analysis, Analytical Solutions, Olap and Visualization Tools, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Financial Analytics Market to Reach $14 Billion by 2026
Amid the COVID-19 crisis, the global market for Financial Analytics estimated at US$6.7 Billion in the year 2020, is projected to reach a revised size of US$14 Billion by 2026, growing at a CAGR of 13% over the analysis period. Data Integration Tools, one of the segments analyzed in the report, is projected to record a 14.2% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consulting and Support Services segment is readjusted to a revised 13% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $2.5 Billion by 2026
The Financial Analytics market in the U.S. is estimated at US$2.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 12.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 11% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.
Database Management System (DBMS) Segment to Reach US$4.4 Billion by the year 2026
In the global Database Management System (DBMS) segment, USA, Canada, Japan, China and Europe will drive the 10.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billionin the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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