Global Business Analytics in FinTech Market to Reach $22.9 Billion by 2031: Allied Market Research

Significant rise in fraudulent activities such as accounting fraud, money laundering and payment card fraud, rise in demand for fintech in developing economies, rise in integration of artificial intelligence in mobile banking apps and technological advancements in business analytics are expected to drive the growth of the global business analytics market. Increase in the use and use of business analytics in the fintech sector to study and examine consumer data to implement effective strategies and rapid advancements in technology during the pandemic had a positive impact on the market.

Portland, OR, Oct. 06, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, business analysis in the fintech market generated $3.1 billion in 2021, and is projected to reach $22.9 billion by 2031, growing at a CAGR of 22.4% from 2022 to 2031. The report offers a detailed analysis of the most winning strategies, developing market trends , market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders to introduce necessary strategies for the future and take necessary steps to significantly strengthen and raise their position in the market.

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Report coverage and details:

COVID-19 scenario:

• The outbreak of the COVID-19 pandemic has had a positive impact on the growth of global business analytics in the fintech market, due to increased focus on digital wallets and transactions among people worldwide.

• Lockdowns resulted in reduced use of cash to limit the spread of the virus, thus more and more prone to cashless transactions, which in turn boosted the growth of the market.

• In addition, the use and application of business analytics in the fintech sector to study and examine the consumer data to implement effective strategies further increased the demand.

• Moreover, banks and fintech industries provide their clients with useful and appropriate insights to predict future positions and situations.

The story continues

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The report offers detailed segmentation of the global fintech market business analysis based on component, distribution mode, type, application, organization size, and region. The report provides a comprehensive analysis of each segment and their respective sub-segments using graphical and tabular form. This analysis can essentially help market players, investors and new entrants to decide and devise strategies based on fastest growing segments and highest revenue generation mentioned in the report.

Based on component, the solution segment held the largest market share in 2021, accounting for around two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The services segment, on the other hand, is expected to quote fastest CAGR of 25.0% in the forecast period.

Based on distribution mode, the local segment held the largest market share in 2021, accounting for nearly three-fifths of the global market. The cloud segment, for its part, is expected to maintain its leadership status during the forecast period. Additionally, the same segment is expected to quote the fastest CAGR of 25.1% during the forecast period.

Based on organization size, the large enterprise segment held the largest market share in 2021, accounting for more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The SME segment, on the other hand, is expected to quote the fastest CAGR of 24.3% during the forecast period.

Based on region, the market across North America held the largest market share in 2021, accounting for nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to maintain its leadership status during the forecast period. Additionally, the same segment is expected to quote the fastest CAGR of 25.8% during the forecast period.

The key players analyzed in the global business analysis of the fintech market report include Alteryx, Inc., Amazon Web Services, Inc., Aspire Systems, Dell Inc., Google, IBM, Knime AG, Microsoft, Mu Sigma, Oracle, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software, LLC (Salesforce), Zoho Corporation Pvt. Ltd., TIBCO Software Inc., Find AI.

The report analyzes these key players in the global fintech market business analysis. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance and operating segments of prominent players in the market.

IMPORTANT BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the market segments, current trends, estimates and dynamics of business analysis in Fintech market forecast from 2021 to 2031 to identify the prevailing business analysis in Fintech market opportunities.

• The market research is offered along with information related to key drivers, restraints, and opportunities.

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

• An in-depth analysis of the Fintech market segmentation business analysis helps you to determine the prevailing market opportunities.

• Major countries in each region are mapped according to their revenue contribution to the global market.

• Positioning of market players facilitates benchmarking and provides a clear understanding of the market players’ current position.

• The report includes analysis of regional as well as global business analysis in Fintech market trends, key players, market segments, application areas and market growth strategies.

Important market segments

Component

• Solution

• Service

  • Service

    • Professional services

    • Managed Services

Implementation mode

Type

• Predictive analytics

• Prescriptive analysis

• Descriptive analysis

• Second

application

Organization size

By region

• North America (USA, Canada)

• Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)

• Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, Rest of Asia Pacific)

• LAMEA (Latin America, Middle East, Africa)

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About us

Allied Market Research (AMR) is a full-service market research and business consulting firm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “Market research reports” and “Business Intelligence Solutions.” AMR has a single-minded approach to providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

We are in professional corporate relationships with various companies and this helps us to dig out market data which helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help clients in every possible way to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top executives from leading companies in the concerned domain. Our secondary data sourcing methodology includes deep online and offline research and discussion with knowledgeable industry professionals and analysts.

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