Financial Analytics Market worth $6.65 Billion by 2018

The global financial analytics market is driving on enhanced technologies in Business Intelligence (BI) and business analytics, high data intensity, competitive differentiator, and increased focus on data transparency. Financial analytics is a part of BI and business analytics market that focuses on finance function across organizations. Increased complexity in financial analysis, growing demand for cloud analytics, increased financial risks and frauds created huge opportunities for financial analytics. Analytics vendors, data integration solution and visualization tools, and database management providers and new start-ups are entering into the market through acquisitions, new innovations, and partnerships. Financial analytics helps end users to do ad-hoc analysis as well as planned analysis of financial data to solve the specific business problems and estimates the future financial scenarios.

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