Japan Augmented Analytics in BFSI Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment Model, by Enterprise Size, by Application : Opportunity Analysis and Industry Forecast, 2023-2032

Japan augmented analytics in BFSI market is expected to gain traction in near future due to rise in  demand for advanced analytics solutions in BFSI institutions. The market has experienced a surge in adoption,  during pandemic, thus driving businesses to resort to analytics-based decisions for future operational and strategic decision-making. 

The Japan augmented analytics in BFSI market is segmented into compound, deployment model, enterprise size, and application. On the basis of the compound, the market is bifurcated into solution and service. By deployment model, the market is divided into on-premises and cloud. Depending on enterprise size, the market is classified into large enterprise, small and medium-sized enterprise. Based on application, the market segregated into risk & compliance management, customer analytics, fraud detection, portfolio management, and others. 

The market is driven by the availability of advanced analytical & cognitive solutions and services in the market. In addition, big data analytics and the use of predictive analytics in several BFSI operations have propelled the demand for this solution.  Furthermore, the BFSI companies are significantly investing in  innovative technologies such as  machine learning and cloud based analytics thereby contributing to the market growth.  Moreover, increase in popularity of cloud-based analytics solutions due to its cost-efficiency and scalability is a major growth driver for the market. 

 
However, the Japan augmented analytics in BESI market is challenged by several restraints. The major restraint for the growth of the industry is  lack of availability of technical expertise. In addition, lack of awareness about the  benefits of analytical solutions are the major restraints for this market. Moreover, the security concerns and reliability of cloud-based solutions are restriting the marhet growth in the coming years.  
 
In the coming years, the augmented analytics in the BFSI market is expected to witness significant growth in Japan owing to increase in demand for advanced analytics solutions. It helps to reduce fraudulent activities and enhance end user experience and satisfaction.  

In addition, the emergence of artificial intelligence (AI) and machine learning techniques are contributing to the growth of the market. Moreover, the adoption of cloud solutions is expected to enhance the acceptance of augmented analytics solutions as it allows organizations to reduce their operational cost and optimize their operational efficiency. 
 
Furthermore, BFSI companies are focused on investing significantly in  R&D  & marketing activities  to gain a larger market share. Moreover, firms are focused on  collaboration with smaller players for  boosting their offerings in the market.  In addition, companies are  focusing on offering advanced augmented analytics solutions to enhance the value of their product offerings in Japan.  . 
 
The IBM company has been actively expanding its presence in the augmented analytics market in Japan by launching new offerings in the enterprise sector. It has launched the IBM Watson Analytics Advanced edition giving customers access to more advanced analytics capabilities.  
 
The Microsoft company has been focusing on competitive pricing strategies for its augmented analytics solutions  to enhance market access.  In addition, it has  released Power BI Premium which enables organizations to access 24/7 customer support and higher scalability of data.  The Oracle company has been increasing its presence in the Japan augmented analytics market through strategic partnerships and acquisitions. In addition, it has recently partnered with Dentsu Digital Corporation to develop and launch AI-based analytics solutions for the finance, pharmaceuticals, and automotive industries.  The Fujitsu company has been focusing on developing solutions for the banking, insurance, and retail sectors in Japan. In addition, it has launched its SAP HANA based AI-driven analytics platform, FUJITSU Business Cloud for SAP Solutions, which enables organizations to access actionable insights into their operations.  
 
The SAP company has been actively investing in the augmented analytics market in Japan. The company has launched its Business Process Intelligence platform which enables organizations to automate their operational activities. 
 

The key players operating in the Japan augmented analytics in BFSI are IBM, SAS, Microsoft, Oracle, Fujitsu, SAP, Hitachi, Teradata, NTT Data , and NEC Corporation.

Key Benefits For Stakeholders

• Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
• Analyze the key strategies adopted by major market players in Japan augmented analytics in BFSI market.
• Assess and rank the top factors that are expected to affect the growth of Japan augmented analytics in bfsi market.
• Top Player positioning provides a clear understanding of the present position of market players.
• Detailed analysis of the Japan augmented analytics in BFSI market segmentation assists to determine the prevailing market opportunities.
• Identify key investment pockets for various offerings in the market.

 

  Japan Augmented Analytics in BFSI Market Report Highlights