RADAR Market Analysis and Forecast, 2014-2020 Market Size of Financial Analytics Forecast Report | Page 3

Report
Description
Report Description
Security concern and large number of business dimensions are the primary obstructions in the
financial analytics market growth. These barriers are restraining the business enterprises to
implement financial analytics to support a broad range of applications. Demand for cloud
analytics is the next big thing coming in the market and extends enormous opportunity for
financial analytics. The advent of cloud computing has pushed the financial planning to a new
level and is expected to have long term impact on the financial analytics market. Companies
such as host analytics Inc., offer cloud service based financial analytics to the business
organizations.

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The market for financial analytics is segmented by type, application, deployment type, and
industry verticals. Types include data integration tools, Database Management System (DBMS),
query, OLAP and visualization tools, reporting and analysis, analytical solutions, consulting and
support services and others. Application segment comprises of assets and liability management,
payables management, budgetary control management, profitability management, receivables
management, governance and risk and compliance (GRC) management. Deployment type
includes on-premise and cloud based.