What is Financial Analysis Software?
Financial analysis software aids in the analysing of a company's financial results. Financial transactions and accounting entries are consolidated and compared using this kind of a software. The proprietary knowledge-based technology enables the user to perform these tasks with confidence from spreadsheet data or databases, without having to think about cell positions or formulas. Financial words, relationships, and statement constructs are pre-programmed, but they can be accessed and presented as required for better comprehension. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), Oracle (United States), Freshbooks, Inc. (Canada), Infor Inc (United States), Intuit, Inc. (United States), Lucanet Ag (Germany), Onestream Software LLC (United States), IBM (United States), The Sage Group Plc (United Kingdom), Wave Financial Inc. (Canada), Xero Limited (New Zealand) and Zoho Corporation (India) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Payroll Management Systems, Billing & Invoice System, Enterprise Resource Planning Systems and Time & Expense Management Systems) and major geographies. Research Analyst at AMA predicts that North America Players will contribute to the maximum growth of Global Financial Analysis Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Financial Analysis Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Microsoft Corporation (United States), Oracle (United States), Freshbooks, Inc. (Canada), Infor Inc (United States), Intuit, Inc. (United States), Lucanet Ag (Germany), Onestream Software LLC (United States), IBM (United States), The Sage Group Plc (United Kingdom), Wave Financial Inc. (Canada), Xero Limited (New Zealand) and Zoho Corporation (India).
Market Overview:
Feb 2020 - Microsoft opened a new datacenter region in Spain and expanded strategic partnership with Telefónica to boost Spain’s competitiveness. Under their strategic partnership, the two companies will develop joint go-to-market plans in all countries where Telefónica operates.
The market for Financial Analysis Software is highly competitive with major companies trying to build advance solutions and trying to bring new products into the market. The highest growth in this market is in North America , because of the advancement in technology there, followed by Europe and a fast-growing market of Asia pacific.
Influencing Trend:
Introduction of Accounting Bots, And Cloud Access Security Broker (Casb) Implementations
Market Growth Drivers:
Adoption of Cloud Based Technologies in Various Industries. and Growing Demand of Efficient and Cost Effective Processes.
Challenges:
The Lack of Accurate, Real-Time Data and The Financial Processes Are Unreliable and Need to Be Fixed and Leads to Inaccurate Forecasting
Restraints:
Data security concerns
Opportunities:
Growing Adoption of Digital Transformation by SMEs and Fast Growth And Adoption of Technological Change
Key highlights of the Global Financial Analysis Software market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Financial Analysis Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Financial Analysis Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Financial Analysis Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Financial Analysis Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Financial Analysis Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Software Providers, Network Provides, End-Use Industries and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.