What is Financial Predictive Analytics Software Market Scope?
Financial predictive analytic software is a form of technology that makes predictions about certain unknowns in the future. Based on historical data patterns, financial predictive analytics software generates projections of future financial events. These solutions are used by financial institutions to forecast asset movements and drive investment strategy. In the insurance industry, this software is used to detect potentially fraudulent claims, predict customer behaviour, and forecast market trends.
The Financial Predictive Analytics Software market study is being classified by Type (Private Cloud, Public Cloud and Hybrid Cloud), by Application (BFSI, Government & Ultilities, Retail, Telecom, Mnufacturing, Healcare and Other) and major geographies with country level break-up.
Market participants are focusing on financial predictive analytics software. Financial software is expected to grow in Asia Pacific. Growing awareness of the applications of analytics solutions, a strong focus on innovation, and an organisational focus on improving customer experience are some of the drivers of market growth in the North American region. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Financial Predictive Analytics Software market throughout the predicted period.
Oracle (United States), IBM (United States), TIBCO Software (United States), SAP (Germany), SAS Institute (United States), Alteryx (United States), Qlik (United States), Google (United States), Microsoft (United States), Salesforce (United States), Teradata (United States), Altair (United States), Cloudera (United States), Hitachi Vantara (United States) and Unioncrate (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Information Builders (US) and Zoho Corporation (US).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Financial Predictive Analytics Software market by Type, Application and Region.
On the basis of geography, the market of Financial Predictive Analytics Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Sep 30, 2021: Oracle launched SaaS, a new payroll service that will help organizations such as intergovernmental and Nongovernmental organizations (IGOs and NGOs). This SaaS is used to navigate complex pay rules and policies to efficiently pay any employee, anywhere, in any currency.
Influencing Market Trend
- Better visibility and monitoring
- The demand for cloud-based financial analytics solutions
Market Drivers
- Artificial intelligence adoption in the financial sector resulted in increased trust, accuracy, and resilience of the financial ecosystem.
- The demand for real-time streaming analytics solutions is growing.
Opportunities
- Technological advancement of financial software and maximize security investment
Restraints
- Increasing in the number of internet threats & viruses and enhancement in the use of financial data and other financial factors
- Low-interest rates
Challenges
- An increasing number of internet threats
Key Target Audience
Research & Development, Software Applications, Financial Services, Business/Organization/Enterprises and Government Agency
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.