|By PR Newswire||
|February 13, 2014 08:00 PM EST||
DUBLIN, February 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/czsh3g/financial) has announced the addition of the "Financial Analytics Market - Worldwide Market Forecasts to 2018" report to their offering.
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The finance and accounting function is transforming its role from data collection and reporting to a more value-adding role of analysis with the implementation of Business Intelligence (BI) and business analytics tools to support strategic decision. The market trends are demonstrating the changing view from enterprise profitability to customer profitability by using activity-based costing. The finance function also helps in the development of strategy maps to monitor financial as well as non-financial performance indicators. In addition to this, it moves from cost center budgeting control to financial forecasts with the implementation of predictive analytics in regular finance function.
The traditional finance function provides overall view of the organization; it requires some analytical approach to find out the insights from the reported findings. The predictive models help to estimate the future results and outcomes based on the present and historical data analysis. The visualization software implements various techniques to present complex data into graphical formats. The graphical representation of financial data simplifies the complexity and every department head can understand financial performance without knowing financial techniques.
The financial analytics market is growing rapidly because of enhanced technologies in BI and business analytics and increased focus on data transparency. The Banking, Financial Services and Insurance (BFSI) sector is using financial analytics to improve regular financial functions such as asset and liability, budgetary control, general ledger, payable, receivable, profitability, governance, risk, and compliance management. Financial analytics other than the BFSI sector has a wide portfolio in consumer goods and retail, healthcare and life science, government, manufacturing, transportation and logistics, travel and hospitality, telecommunication and Information Technology (IT), media and entertainment, public sector, energy and utilities verticals.
It is forecast that the global market will grow from $3.62 billion in 2013 to $6.65 billion in 2018 at a Compound Annual Growth Rate (CAGR) of 12.9% from 2013 to 2018.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Financial Analytics: Market Size And Forecast By Type
5 Financial Analytics: Market Size And Forecast By Application
6 Financial Analytics: Market Size And Forecast By Deployment Type
7 Financial Analytics: Market Size And Forecast By Organization Size
8 Financial Analytics: Market Size And Forecast By Verticals
9 Financial Analytics: Market Size And Forecast By Region
10 Financial Analytics: Market Landscape
11 Company Profiles
- Angoss Software
- Hitachi Consulting
- Information Builders
- Lpa System
- Rosslyn Analytics
- Symphony Teleca
- Tableau Software
- Teradata Corp
For more information visit http://www.researchandmarkets.com/research/czsh3g/financial
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets