Big Data Analytics in BFSI Market Is Highly Growing in Industry with Good Revenue by 2028
The global big data analytics in BFSI market size is expected to reach USD 86.68 Billion in 2027 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Increasing focus to improve customer lifecycle in the BFSI industry, growing demand for early fraud detection in the BFSI industry, rising data volume generated by the capital market due to trading and transactions is resulting in high demand for big data analytics solutions. These factors are expected to continue to boost growth of the global big data analytics in BFSI market over the forecast period.
The report analyzes the leading players of the global Big Data Analytics in BFSI market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Big Data Analytics in BFSI market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Big Data Analytics in BFSI market. It also provides beneficial insights for both new as well as established players of the global Big Data Analytics in BFSI market.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Some Key Highlights in the Report
Rising adoption of cloud technology by end-users such as banks and insurance service providers is expected to continue to support revenue growth of the cloud-based delivery segment during the forecast period.
Increasing incidence of fraudulent healthcare insurance claims and increasing need for more effective solutions to prevent payer losses is a key factor expected to support revenue growth of the fraud detection segment during the forecast period.
Growing deployment of big data analytics in the insurance sector is driving growth of the insurance company segment, and this trend is expected to continue over the forecast period.
Robust presence of international and domestic players, including Alteryx Inc., BigPanda, Inc., Nimbix, Inc., and Salesforce.com, Inc., among others, in countries in North America is driving growth of the market in the region to a significant extent.
Key market players include SAP SE, Oracle Corporation, Accenture plc, Alteryx Inc, International Business Machines Corporation, BigPanda, Inc., Nimbix, Inc., Gainsight, Inc., Fractal Analytics Inc., and Salesforce.com, Inc.
Acquisitions are a primary focus point in the global market and established players in are focusing on expanding and strengthening offerings and capabilities, while also expanding market footprint.
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Emergen Research has segmented the global big data analytics in BFSI market on the basis of type, delivery, application, end-use, and region.
Type Outlook (Revenue, USD Billion; 2020–2027)
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Prescriptive Analytics
Delivery Outlook (Revenue, USD Billion; 2020–2027)
Cloud-based
On-premises
Application Outlook (Revenue, USD Billion; 2020–2027)
Customer Relationship Management (CRM)
Fraud Detection
Risk Management
Operation Optimization
Customer Analytics
Others
End-use Outlook (Revenue, USD Billion; 2020–2027)
Insurance Companies
Capital Market
Banks
Major Regions play vital role in Travel Bags Market are:
North America
Europe
China
Japan
Middle East & Africa
India
South America
Others
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Report Objectives
Examine the size of the global Big Data Analytics in BFSI market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Big Data Analytics in BFSI market.
Explore the underlying dynamics of the global Big Data Analytics in BFSI market.
Highlight significant trends of the global Big Data Analytics in BFSI market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Big Data Analytics in BFSI market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Big Data Analytics in BFSI market.
Forecast the market size and share of all segments and regions in the global landscape.
The global Big Data Analytics in BFSI market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Big Data Analytics in BFSI Market Segmentation & Impact Analysis
4.1. Big Data Analytics in BFSI Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for safety and security in transportation
4.2.2.2. Rising demand for operating efficiency
4.2.2.3. Growing demand for autonomous vehicles
4.2.2.4. Increasing demand for traffic management systems
4.2.3. Market restraints analysis
4.2.3.1. Cost-prohibitive Artificial Intelligence systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Big Data Analytics in BFSI Market By Process Insights & Trends, Revenue (USD Million)
Chapter 6. Big Data Analytics in BFSI Market By Learning Technology Insights & Trends Revenue (USD Million)
Chapter 7. Big Data Analytics in BFSI Market By Application Insights & Trends Revenue (USD Million)
Chapter 8. Big Data Analytics in BFSI Market Regional Outlook
Continued…
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