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11.4 bn USD Expected Market Value of Financial Analytics by 2023

April 04, 2019

11.4 bn USD Expected Market Value of Financial Analytics by 2023
The global financial analytics market is projected to grow at a CAGR of 10.7% to a value of 11.4 billion USD by 2023 from existing 6.9 billion USD, a report by MarketandMarkets said.

The report said that the growing need for budgeting cycles and reducing planning coupled with the emerging IT infrastructure will push the financial analytics market to new heights. It said that today the banks use financial analytics technology in insurance risk management, credit risk management, etc. and companies use it to manage consumer payment behavior, etc. 

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