Financial analytics market seen reaching $19.8 billion by 2030

By AI, Created 11:22 AM UTC, June 02, 2026, /AGP/ – Allied Market Research says the global financial analytics market will nearly triple to $19.8 billion by 2030 from $7.6 billion in 2020. The report points to stronger adoption of analytics tools, rising data volumes and cloud demand, while cyber threats remain a key drag.

Why it matters: - Financial analytics is becoming a core tool for companies that need faster, data-driven financial decisions. - The market’s projected rise to $19.8 billion by 2030 signals continued demand across banking, retail, government and other sectors. - Growth in cloud deployment and analytics services also points to more spending on software and outside expertise.

What happened: - Allied Market Research published a report on the global financial analytics market covering components, deployment modes, organization sizes, industry verticals and regions. - The market was valued at $7.6 billion in 2020 and is projected to reach $19.8 billion by 2030. - The report forecasts a 10.3% compound annual growth rate from 2021 to 2030. - Allied Market Research also made a sample report available and offered a purchase enquiry page.

The details: - Rising adoption of advanced computing devices, greater storage capacity and innovation in analytics tools are driving market growth. - Cyber threats and data breaches are restraining market expansion. - Untapped potential in emerging countries and growing awareness of financial analytics benefits create additional opportunities. - Demand for financial analytics services and solutions increased during the Covid-19 pandemic as businesses sought better financial decisions during economic uncertainty. - Higher data volumes across industries also boosted demand for financial analytics. - The solution segment held more than two-thirds of the market in 2020 and is expected to keep the largest share by 2030. - The services segment is projected to post the fastest CAGR, at 12.6%, from 2021 to 2030. - BFSI held more than one-fourth of the market in 2020 and is expected to remain the largest industry vertical through the forecast period. - Retail and e-commerce is projected to grow the fastest among industry verticals, with a 14.5% CAGR. - North America held more than one-third of the market in 2020 and is expected to keep the lead by 2030. - Asia-Pacific is projected to record the fastest regional CAGR, at 13.4%. - The report names Deloitte LLP, International Business Machine Corporation, Hitachi Vantara Corporation, Oracle, Microsoft Corporation, SAP SE, Rosslyn Data Technologies, Teradata Corporation, Symphony Teleca Services, Inc. and TIBCO Software, Inc. among the leading players. - Allied Market Research says its reports rely on primary interviews with top officials and secondary research from online and offline sources.

Between the lines: - The growth mix suggests buyers want both software and support services, not just standalone dashboards. - Faster growth in retail, e-commerce and Asia-Pacific suggests the market is broadening beyond traditional financial services hubs. - The report frames cybersecurity as one of the main risks to adoption, which can affect vendor buying decisions and implementation timelines.

What’s next: - The market is expected to expand steadily through 2030 as analytics adoption spreads and data volumes keep rising. - Cloud-based deployment and services-led offerings are likely to capture more demand if organizations continue shifting away from legacy systems. - Emerging markets and non-BFSI industries may become more important growth drivers over the forecast period.

The bottom line: - Financial analytics is shifting from a niche reporting tool to a broader decision-making category with strong long-term growth potential.