Market Research Reports Previews Financial Analytics Market worth buzz around $6.65 | Page 2
MarketsandMarkets believes that the huge number of business dimensions and security concern
are the major issues in the financial analytics market. These challenges are restraining the
enterprises and customers to adopt financial analytics to support a wide range of applications
such as asset and liability management, budgetary control management, general ledger
management, payable management, receivable management, profitability management,
governance, risk, and compliance management.
The financial analytics market is estimated to grow from $3.65 billion in 2013 to $6.65 billion in
2018, at a Compound Annual Growth Rate (CAGR) of 12.9% from 2013 to 2018. In terms of
regions, North America is expected to be the biggest market in terms of revenue contribution,
while emerging economies such as Middle East and Africa (MEA), and Latin America (LA) and
Asia-Pacific (APAC) are expected to experience increased market traction with high CAGRs, in
the due course.
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