Product Code: A11748
According to a new report published by Allied Market Research, titled, "Augmented Analytics in BFSI Market," The augmented analytics in BFSI market was valued at $1.7 billion in 2022, and is estimated to reach $14.5 billion by 2032, growing at a CAGR of 24.4% from 2023 to 2032.
The BFSI sector generates vast amounts of data on a daily basis, including transactional data, customer data, market data, and more thus, this data can be extremely valuable. Therefore, in this case augmented analytics uses advanced technologies such as machine learning, natural language processing, and artificial intelligence to automate the data analysis process and provide actionable insights to business users. Thus, this drives the growth of the market. Furthermore, BFSI sector is highly regulated, and financial institutions are required to comply with various regulations and guidelines thus this augmented analytics technology help these institutions to manage their data and make more informed decisions while adhering to regulatory requirements. However, BFSI organizations need to ensure that they have appropriate measures in place to safeguard the privacy and security of their customers' data while adopting augmented analytics solutions. Hence, failure to do so may hinder the adoption and growth of the augmented analytics market in the BFSI industry. In addition, to fully leverage these technologies, organizations need skilled professionals who are capable of understanding and utilizing them effectively but is a shortage of skilled professionals in this area, which may hinder the adoption of augmented analytics in BFSI market. On the contrary, by integrating machine learning algorithms, augmented analytics technology, financial institutions can identify patterns, anomalies, and trends in their data, leading to improved risk assessment, fraud detection, and compliance monitoring. Hence, these capabilities enable proactive decision-making, mitigating risks, and preventing potential losses. Therefore, this helps to reduce errors and improve operational workflows, and can ultimately enhance customer satisfaction, increase operational productivity, and will drive profitability in BFSI sector.
The augmented analytics In BFSI market is segmented on the basis of component, deployment mode, enterprise size, application, and region. By component, it is segmented into solution and service. By deployment mode, it is segmented into on-premise and cloud. By enterprise size, it is segmented into large enterprises and small and medium-sized enterprises. By application, it is segmented into risk and compliance management, customer analytics, fraud detection, portfolio management, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in augmented analytics in BFSI market such as Alteryx, Inc., IBM Corporation, Information Builders, Microsoft Corporation, QlikTech International AB, SAP SE, Salesforce.com, Inc., SAS Institute Inc., and Tableau Software Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the augmented analytics in BFSI industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the augmented analytics in BFSI market analysis from 2022 to 2032 to identify the prevailing augmented analytics in bfsi market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the augmented analytics in bfsi market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global augmented analytics in bfsi market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
By Deployment Model
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Application
- Risk and Compliance Management
- Customer Analytics
- Fraud Detection
- Portfolio Management
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- QlikTech International AB
- Information builders
- Microsoft Corporation
- Tableau Software Inc
- IBM CORPORATION
- Salesforce.com, Inc.
- SAP SE
- Alteryx, Inc.
- SAS Institute Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growing data volumes in BFSI industry
- 3.4.1.2. Growing popularity of online banking
- 3.4.1.3. Augmented analytics help to ensure compliance by automating compliance reporting
- 3.4.2. Restraints
- 3.4.2.1. Data privacy and security concerns
- 3.4.2.2. Lack of skilled professionals
- 3.4.3. Opportunities
- 3.4.3.1. Operational efficiency and cost reduction due to use of augmented analytics in BFSI
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: AUGMENTED ANALYTICS IN BFSI MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: AUGMENTED ANALYTICS IN BFSI MARKET, BY DEPLOYMENT MODEL
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: AUGMENTED ANALYTICS IN BFSI MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: AUGMENTED ANALYTICS IN BFSI MARKET, BY APPLICATION
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Risk and Compliance Management
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Customer Analytics
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Fraud Detection
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Portfolio Management
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Others
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
CHAPTER 8: AUGMENTED ANALYTICS IN BFSI MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Component
- 8.2.3. Market size and forecast, by Deployment Model
- 8.2.4. Market size and forecast, by Enterprise Size
- 8.2.5. Market size and forecast, by Application
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Key market trends, growth factors and opportunities
- 8.2.6.1.2. Market size and forecast, by Component
- 8.2.6.1.3. Market size and forecast, by Deployment Model
- 8.2.6.1.4. Market size and forecast, by Enterprise Size
- 8.2.6.1.5. Market size and forecast, by Application
- 8.2.6.2. Canada
- 8.2.6.2.1. Key market trends, growth factors and opportunities
- 8.2.6.2.2. Market size and forecast, by Component
- 8.2.6.2.3. Market size and forecast, by Deployment Model
- 8.2.6.2.4. Market size and forecast, by Enterprise Size
- 8.2.6.2.5. Market size and forecast, by Application
- 8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Component
- 8.3.3. Market size and forecast, by Deployment Model
- 8.3.4. Market size and forecast, by Enterprise Size
- 8.3.5. Market size and forecast, by Application
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Key market trends, growth factors and opportunities
- 8.3.6.1.2. Market size and forecast, by Component
- 8.3.6.1.3. Market size and forecast, by Deployment Model
- 8.3.6.1.4. Market size and forecast, by Enterprise Size
- 8.3.6.1.5. Market size and forecast, by Application
- 8.3.6.2. Germany
- 8.3.6.2.1. Key market trends, growth factors and opportunities
- 8.3.6.2.2. Market size and forecast, by Component
- 8.3.6.2.3. Market size and forecast, by Deployment Model
- 8.3.6.2.4. Market size and forecast, by Enterprise Size
- 8.3.6.2.5. Market size and forecast, by Application
- 8.3.6.3. France
- 8.3.6.3.1. Key market trends, growth factors and opportunities
- 8.3.6.3.2. Market size and forecast, by Component
- 8.3.6.3.3. Market size and forecast, by Deployment Model
- 8.3.6.3.4. Market size and forecast, by Enterprise Size
- 8.3.6.3.5. Market size and forecast, by Application
- 8.3.6.4. Italy
- 8.3.6.4.1. Key market trends, growth factors and opportunities
- 8.3.6.4.2. Market size and forecast, by Component
- 8.3.6.4.3. Market size and forecast, by Deployment Model
- 8.3.6.4.4. Market size and forecast, by Enterprise Size
- 8.3.6.4.5. Market size and forecast, by Application
- 8.3.6.5. Spain
- 8.3.6.5.1. Key market trends, growth factors and opportunities
- 8.3.6.5.2. Market size and forecast, by Component
- 8.3.6.5.3. Market size and forecast, by Deployment Model
- 8.3.6.5.4. Market size and forecast, by Enterprise Size
- 8.3.6.5.5. Market size and forecast, by Application
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Key market trends, growth factors and opportunities
- 8.3.6.6.2. Market size and forecast, by Component
- 8.3.6.6.3. Market size and forecast, by Deployment Model
- 8.3.6.6.4. Market size and forecast, by Enterprise Size
- 8.3.6.6.5. Market size and forecast, by Application
- 8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Component
- 8.4.3. Market size and forecast, by Deployment Model
- 8.4.4. Market size and forecast, by Enterprise Size
- 8.4.5. Market size and forecast, by Application
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Key market trends, growth factors and opportunities
- 8.4.6.1.2. Market size and forecast, by Component
- 8.4.6.1.3. Market size and forecast, by Deployment Model
- 8.4.6.1.4. Market size and forecast, by Enterprise Size
- 8.4.6.1.5. Market size and forecast, by Application
- 8.4.6.2. Japan
- 8.4.6.2.1. Key market trends, growth factors and opportunities
- 8.4.6.2.2. Market size and forecast, by Component
- 8.4.6.2.3. Market size and forecast, by Deployment Model
- 8.4.6.2.4. Market size and forecast, by Enterprise Size
- 8.4.6.2.5. Market size and forecast, by Application
- 8.4.6.3. India
- 8.4.6.3.1. Key market trends, growth factors and opportunities
- 8.4.6.3.2. Market size and forecast, by Component
- 8.4.6.3.3. Market size and forecast, by Deployment Model
- 8.4.6.3.4. Market size and forecast, by Enterprise Size
- 8.4.6.3.5. Market size and forecast, by Application
- 8.4.6.4. Australia
- 8.4.6.4.1. Key market trends, growth factors and opportunities
- 8.4.6.4.2. Market size and forecast, by Component
- 8.4.6.4.3. Market size and forecast, by Deployment Model
- 8.4.6.4.4. Market size and forecast, by Enterprise Size
- 8.4.6.4.5. Market size and forecast, by Application
- 8.4.6.5. South Korea
- 8.4.6.5.1. Key market trends, growth factors and opportunities
- 8.4.6.5.2. Market size and forecast, by Component
- 8.4.6.5.3. Market size and forecast, by Deployment Model
- 8.4.6.5.4. Market size and forecast, by Enterprise Size
- 8.4.6.5.5. Market size and forecast, by Application
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Key market trends, growth factors and opportunities
- 8.4.6.6.2. Market size and forecast, by Component
- 8.4.6.6.3. Market size and forecast, by Deployment Model
- 8.4.6.6.4. Market size and forecast, by Enterprise Size
- 8.4.6.6.5. Market size and forecast, by Application
- 8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Component
- 8.5.3. Market size and forecast, by Deployment Model
- 8.5.4. Market size and forecast, by Enterprise Size
- 8.5.5. Market size and forecast, by Application
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Key market trends, growth factors and opportunities
- 8.5.6.1.2. Market size and forecast, by Component
- 8.5.6.1.3. Market size and forecast, by Deployment Model
- 8.5.6.1.4. Market size and forecast, by Enterprise Size
- 8.5.6.1.5. Market size and forecast, by Application
- 8.5.6.2. Middle East
- 8.5.6.2.1. Key market trends, growth factors and opportunities
- 8.5.6.2.2. Market size and forecast, by Component
- 8.5.6.2.3. Market size and forecast, by Deployment Model
- 8.5.6.2.4. Market size and forecast, by Enterprise Size
- 8.5.6.2.5. Market size and forecast, by Application
- 8.5.6.3. Africa
- 8.5.6.3.1. Key market trends, growth factors and opportunities
- 8.5.6.3.2. Market size and forecast, by Component
- 8.5.6.3.3. Market size and forecast, by Deployment Model
- 8.5.6.3.4. Market size and forecast, by Enterprise Size
- 8.5.6.3.5. Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Microsoft Corporation
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. IBM CORPORATION
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. SAP SE
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. Salesforce.com, Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.5. Tableau Software Inc
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. QlikTech International AB
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
- 10.7. SAS Institute Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.8. Information builders
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.9. Alteryx, Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments