London, 09 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Financial Analytics Market 2014-2018.
Financial analytics is used to increase a company’s financial productivity and profitability. It allows business executives to be up-to-date with the current financial environment and also helps professionals proactively seek out ways to change and enhance their business models. The Global Financial Analytics Market is expected to grow at a CAGR of 13 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the development of innovative business models like B2E, B2C and B2B that offer new opportunities to financial analytics companies. These models garner large amounts of data from consumers, employees and other business organizations, which is then plugged into the statistical model to find critical information. The information is then documented and used to make important decisions.
“By differentiating products from the competitors and using financial analytics, companies are striving to gain a competitive advantage. Pricing strategies like skimming strategy and penetration strategy are being designed on the basis of financial information extracted from raw data and this has become a prevalent market trend,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Automation in Financial Departments.
- For a full detailed list, view our report.
Market Challenges:
- Concern over Data Security and Client Confidentiality.
- For a full detailed list, view our report.
Market Trends:
- Emergence of Innovative Business Models.
- For a full detailed list, view our report.
Key Vendors:
- Deloitte Touche Tohmatsu Ltd.
- International Business Machines Corp. (IBM)
- Microsoft Corp.
- Oracle Corp.
Other Prominent Vendors:
- FactSet
- Fractal Analytics
- Interactive Data
- Markit
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
