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Big Data Analytics in Banking Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027 Request a free sample of our report on Big Data Analytics in Banking https://www.omrglobal.com/request-sample/big-data-analytics-in-banking-market
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The global big data analytics in banking market is anticipated to grow at a CAGR of 28.5% during the forecast period (2021-2027). The increase in the cloud deployment and maintenance of huge records of transactions is propelling the growth of big data analytics in banking market. Thousands of data are recoded by banks in the form of transactions. Big data analytics provide a platform for the easy record of these transactions. In addition to this, big data analytics enables the banks to understand the customer behavior and preferences based on the inputs received from various insights that include investment patterns, shopping trends, motivation to invest, and personal or financial background. Furthermore, it also helps in the detection of fraud. For instance, in February 2020 Oracle’s Financial Crime and Compliance Management (FCCM) suite of products added an integrated analytics workbench, 300-plus customer risk indicators, and embedded graph analytics visualizations. These were built to help financial institutions fight money laundering and achieve compliance. A full report of Big Data Analytics in Banking Market is https://www.omrglobal.com/industry-reports/big-data-analytics-in-banking-market
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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including acquisition, technological advancement, and product innovation, to remain competitive in the marketplace. For instance, in February 2020 - The Central Bank of Libya in Tripoli has upgraded its current FLEXCUBE solution that is offered by Oracle Corporation. FLEXCUBE supports the banks to meet customers’ evolving expectations for more digital, responsive, and connected experiences. In addition to this, the integrated solution also helps the banking staff with critical insights and helps to improve operations. Furthermore, in December 2020, Accenture plc acquired End-to-End Analytics LLC, to strengthen data analytics consulting capabilities in Latin America and the US. To learn more about this report request a free sample copy @ https://www.omrglobal.com/requestsample/big-data-analytics-in-banking-market Market Coverage
The market number available for – 2020-2027 Base year- 2020 Forecast period- 2021-2027 Segment Covered-
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By Deployment Type
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By Application
Regions Covered-
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North America
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Europe
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Asia-Pacific
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Rest of the World
Competitive Landscape- IBM Corp., SAP SE, Oracle Corp., Tableau System, LLC, Microsoft Corp., and others
Key questions addressed by the report
What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? How has COVID-19 impacted the market?
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Deviation from the pre-COVID-19 forecast
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Most affected region and segment
Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity?
Global Big Data Analytics in Banking Market Report Segment By Deployment Type
On-Premise Cloud
By Application
Fraud Detection and Management Customer Relationship Management Feedback Management Risk Management Others
For more customized data, request for report customization @ https://www.omrglobal.com/reportcustomization/big-data-analytics-in-banking-market Big Data Analytics in Banking Market– Segment by Region North America
United States Canada
Europe
Germany United Kingdom France Spain Italy Rest of Europe
Asia-Pacific
China Japan India Rest of Asia-Pacific
Rest of the World
Middle East & Africa Latin America
Company Profiles
Accenture plc Adobe Systems,Inc. Alteryx, Inc. Amazon.com, Inc. Aspire Systems,Inc.
BigPanda, Inc. Fractal Analytics Inc. Gainsight, Inc. Google, LLC Hitachi Solutions, Ltd. IBM Corp. Microsoft Corp. Nimbix, Inc. Oracle Corp. PeerIQ (CRB Group, Inc.) Salesforce.com, Inc. SAP SE
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About Orion Market Research OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404