Big Data Analytics in BFSI Market

Executive Summary

Big Data Analytics in BFSI Market was valued at US $5.93 billion in 2021 and is projected to grow at 20.33% CAGR over the forecast period to reach US $18.00 billion by 2027. Big Data Analytics in BFSI Market represented US $1.83 billion opportunity over 2019-2021 and estimated to create US $12.07 billion opportunity in 2027 over 2021.

Big Data Analytics in BFSI from Consainsights analyses the Big Data Analytics in BFSI Market in the Technology & Media industry over the forecast period to 2027.

Big Data Analytics in BFSI research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Big Data Analytics in BFSI segmentation includes End Users, Application and Geography.

Based on the End Users, the Big Data Analytics in BFSI analysis covers BANKING, CAPITAL MARKET, INSURANCE.

In End Users segment, BANKING segment has highest cagr growth of 17.88%.

Based on the Application, the Big Data Analytics in BFSI analysis covers RISK MANAGEMENT, OPERATIONS OPTIMIZATION, CUSTOMER RELATIONSHIP MANAGEMENT, OTHERS.

In Application segment, RISK MANAGEMENT segment has highest cagr growth of 17.88%.

Based on the region, the Big Data Analytics in BFSI analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include ACCENTURE, AEROSPIKE INC., ALPINE DATA, BAE SYSTEMS, BIGPANDA INC., CLUSTRIX, DATAMEER, INC., GAINSIGHT, IBM CORPORATION, NIMBIX INC. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

End Users

Introduction

In 2021, BANKING segment has the highest revenue of US $2.63 billion and is expected to grow at CAGR of 17.88% by 2027 BANKING segment has highest cagr growth of 17.88%.

BANKING

BANKING segment was valued at US $1.82 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $7.99 billion by 2027. BANKING segment represented US $0.81 billion opportunity over 2019-2021 and estimated to create US $5.36 billion opportunity in 2027 over 2021.

CAPITAL MARKET

CAPITAL MARKET segment was valued at US $1.56 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $6.87 billion by 2027. CAPITAL MARKET segment represented US $0.70 billion opportunity over 2019-2021 and estimated to create US $4.61 billion opportunity in 2027 over 2021.

INSURANCE

INSURANCE segment was valued at US $0.71 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $3.14 billion by 2027. INSURANCE segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $2.10 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, RISK MANAGEMENT segment has the highest revenue of US $2.85 billion and is expected to grow at CAGR of 17.88% by 2027 RISK MANAGEMENT segment has highest cagr growth of 17.88%.

RISK MANAGEMENT

RISK MANAGEMENT segment was valued at US $1.97 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $8.65 billion by 2027. RISK MANAGEMENT segment represented US $0.88 billion opportunity over 2019-2021 and estimated to create US $5.80 billion opportunity in 2027 over 2021.

OPERATIONS OPTIMIZATION

OPERATIONS OPTIMIZATION segment was valued at US $1.10 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $4.83 billion by 2027. OPERATIONS OPTIMIZATION segment represented US $0.49 billion opportunity over 2019-2021 and estimated to create US $3.24 billion opportunity in 2027 over 2021.

CUSTOMER RELATIONSHIP MANAGEMENT

CUSTOMER RELATIONSHIP MANAGEMENT segment was valued at US $1.01 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $4.44 billion by 2027. CUSTOMER RELATIONSHIP MANAGEMENT segment represented US $0.45 billion opportunity over 2019-2021 and estimated to create US $2.98 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $0.02 billion in 2019 and is projected to grow at 17.88% CAGR over the forecast period to reach US $0.08 billion by 2027. OTHERS segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.06 billion opportunity in 2027 over 2021.