The Latin America, Middle East and Africa Financial Analytics Market would witness market growth of 15.2% CAGR during the forecast period (2022-2028).
Companies' adoption of financial analytics has been aided by business transformation and technological advancements ranging from big data to consumer analytics software to data warehouses. The corporate finance department's changing role is also having an effect on this market. To anticipate future performance, chief financial officers have typically relied on previous data and patterns. It is although, shifting the focus as it becomes more reliant on technology like advanced data analytics, machine learning, and automation. Finance departments' jobs have shifted from "information provider" to "problem solver" as the user has begun to use financial analytics to focus on what's going on in the business and what it means to move forward. Having more rapid access to information allows businesses to make better-informed decisions faster.
There is an increase in the acceptance of the digital solutions among various businesses. However, expenditure has not yet approached the levels seen in telecommunications. In fact, digital services account for a decent amount of share of connected spending in the United States, compared to significant in many other nations. This presents a significant opportunity for telcos that could extend beyond connection quickly.
Many have attempted to grow into digital services in the past, but, is a better time than ever to do so, as the pandemic has highlighted the importance of quick, reliable connectivity. This can assist telcos and digital actors, such as hardware suppliers and Internet platforms, in fine-tuning their plans to take advantage of the advent of 5G and the confluence of digital and telecom services.
The Brazil market dominated the LAMEA Financial Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $377.4 million by 2028. The Argentina market is poised to grow at a CAGR of 15.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 14.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government & Public Sector, Telecom & IT, Retail & Ecommerce, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Financial Analytics Market is Predict to reach $17.1 Billion by 2028, at a CAGR of 11.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tibco Software, Inc. (Vista Equity Partners), Rosslyn Data Technologies, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Teradata Corporation, SAP SE, Oracle Corporation, Microsoft Corporation, IBM Corporation, Deloitte Touche Tohmatsu Limited, and Hitachi Vantara LLC (Hitachi Ltd.)
By Component
By Deployment Model
By Organization Size
By Vertical
By Country
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