Albany, NY -- (SBWIRE) -- 04/23/2018 -- Financial analytics software is an analytics software, which provides more visibility to the revenues and costs of the company. It also helps understand customer profitability and gives insights on budget performance, customer profitability, staffing costs, and supplier performance. Most of the vendors provide the software as a module in their analytics software. Analytics is a series of applications that help in decision-making by providing accurate, dependable, consistent, and structured data and reports. Organizations can use these data and reports to gain a competitive advantage. A cloud analytics solution is a service model, in which one or more major elements of data analytics is given through a public or private cloud. The analytics applications and services are typically provided through the subscription-based or pay-per-use model.

Introducing extended financial analytic capabilities supports broader performance management initiatives that will change the way people work and, when done well, will empower employees. Ultimately, this enables decision optimization, providing visibility of the trade-offs of facts, trends and predictions to maximize profitability given the appetite for risk and constraints. The main top key players are IBM, Microsoft, Oracle, SAP, Other prominent vendors, Fico, Hitachi Vantara, Information Builders, MicroStrategy, Rosslyn Analytics, SAS Institute, Tableau Software, Teradata, TIBCO Software, Market driver, Growing data in BFSI sector.

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Covered in this report

The report covers the present scenario and the growth prospects of the global financial analytics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the software. The software license revenue includes both perpetual and periodic licenses or subscriptions.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Financial Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Growing data in BFSI sector
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Market challenge
Increasing concerns regarding data privacy
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Market trend
Shift to cloud computing
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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