Selbyville, Delaware, August 25, 2021 (GLOBE NEWSWIRE) –
According to the latest report “Financial analysis market by component (solution, service), deployment model (on-premise, cloud), organization size (SMEs, large companies), application (general ledger analysis, wealth management, budget control, GRC management, customer management, Accounts payable analysis, transaction monitoring), end use (retail and consumer goods, BFSI, manufacturing, IT and telecommunications, government and public sector, transport and logistics, healthcare health), regional outlook, price trends, competitive market share and forecast 2027 “, by Global Market Insights Inc., on stock market valuation of financial analysis will exceed $ 18 billion by 2027. The growing adoption of cloud infrastructure, coupled with a strong focus on data-driven financial decisions across multiple industry verticals, will significantly contribute to the growth of the Marlet.
OLAP and visualization tools are expected to show a significant growth rate over the forecast period due to the increasing demand for fast and intuitive access to centralized data and associated calculations for analysis and reporting. This solution is widely adopted in the manufacturing industry due to its beneficial properties, such as business-driven calculations, reliable data and calculations, and flexible self-service reporting, thereby supporting the growth of the industry.
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The cloud segment in the financial analysis market will experience a growth rate of 10% through 2027 thanks to the increasing implementation of cloud services in several industries. The cloud service provides easy access to data and improves data security and privacy. In addition, the emergence of software as a service and platform as a service is also contributing to the expansion of the market.
The large enterprise segment will dominate over 60% of the financial analysis market share by 2027. Large enterprises generate huge amounts of data from various business processes. Financial analysis helps companies improve their analytical processes by evaluating data for valuable insight. In addition, it provides clear visibility into the company’s operational key performance indicators (KPIs), expenses, customer profitability, revenue and resource usage.
Debt / Receivables Analysis Application in Financial Analysis Market is expected to observe a significant growth rate during the forecast period due to the increasing need to manage the credit to cash processes of organizations. This app helps businesses generate insights and reports by connecting and analyzing data from credit and A / R dashboards. Additionally, the app attracts investors, contributing to the financial stability and overall liquidity of the business.
IT and telecommunications are poised to record a substantial share of revenue in the years to come thanks to the increasing amount of data being generated by customers around the world. Additionally, financial analysis helps organizations develop strategic plans by monitoring multiple needs such as strategic goals, future connectivity needs, expected ROI, calculated traffic, customer experience, etc.
The North American financial analysis market is expected to experience exponential growth from 2021 to 2027, driven by the presence of leading industry players in the region. These leaders focus on acquiring local businesses and building their capacity to deliver sustainable solutions to the market. For example, in November 2020, IBM acquired TruQua Enterprises LLC, an IT services and SAP development consulting company. As part of this acquisition, IBM migrated its financial platforms to SAP and expanded its financial advisory capabilities.
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The major players operating in the market are ALTERYX, INC., Datapine, FICO, Hitachi Vantara, IBM Corporation., Information Builders, Microsoft Corporation and Microstrategy, Inc. Companies focus on strategic initiatives, such as acquisitions and partnerships , to offer a sustainable solution to the market
Table of contents (ToC) of the report:
Chapter 3 Financial Analysis Market Overview
3.2 Industry segmentation
3.3 Impact of the COVID-19 epidemic
3.3.1 Global Outlook
3.3.2 By region
3.3.3 Industry value chain
3.3.4 Competitive landscape
3.4 Financial Analysis Ecosystem Analysis
3.4.1 Industry Ecosystem Analysis
3.4.2 Analysis of shareholders’ profit margin
3.4.3 Matrix of suppliers
3.5 Evolution of financial analysis
3.6 Regulatory landscape
3.7 Technology and innovation landscape
3.7.1 Request Processing Interface (API)
3.7.3 AI and machine learning
3.8 Patent analysis
3.9 Investment portfolio
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.2 Pitfalls and challenges of the industry
3.11 Porter’s analysis
3.12 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, providing syndicated and personalized research reports as well as advisory services. growing. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.