GITNUX MARKETDATA REPORT 2024

Financial Analytics Industry Statistics

The financial analytics industry is experiencing rapid growth, driven by the increasing demand for data-driven insights and decision-making tools in the financial services sector.

Statistic 1

"The global financial analytics market size was valued at $6.9 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 11.4% from 2019 to 2025."

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Statistic 2

"Exactly 51% of all financial services and insurance firms have said that analytics has significantly changed how they approach finance."

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Statistic 3

"The largest segment of the financial analytics market is database management, which accounted for 32.7% of the total in 2019."

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Statistic 4

"North America holds the major market share in global financial analytics market due to high levels of adoption by banking and insurance industries."

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Statistic 5

"The top end-user of financial analytics is bank institutions, who account for 43.3% of the total market."

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Statistic 6

"An impressive 60% of financial institutions say that they are planning to increase their investment in analytics over the next year."

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Statistic 7

"65% of insurance CFOs plan to increase investment in data analytics technology within the next year."

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Statistic 8

"The finance and risk segment is anticipated to witness the highest CAGR of 12.1% during the forecast period of 2019-2025."

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Statistic 9

"Financial Risk Management application holds the largest share in the Financial Analytics market."

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Statistic 10

"The predictive analysis segment will grow at the highest rate between 2020 and 2025 in the financial analytics market."

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Statistic 11

"About 53% of companies believe that data-driven decision making is important for their business."

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Statistic 12

"The financial analytics market in Europe accounted for 45.6% of the total market share in 2019."

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Statistic 13

"Financial analytics tools lead to a 33% reduction in decision-making time according to a survey."

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Statistic 14

"More than 75% of respondents say that data analytics is critical to their organization’s future success."

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Statistic 15

"62% of Financial Services organizations are now using advanced analytics to drive digital transformation efforts."

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