Big Data in Global Financial Services Market 2021

The global big data market in financial services is expected to grow in the future due to increasing technological disruptions in the financial services space.  Increase in the number of banking related frauds, rising bad loans, loan defaults etc. calls for better risk management as well as rise of new age Fintech companies offering specialized technical solutions in the financial domain have given serious competition to the existing financial firms. Thus, the big data analytics market is expected to witness a surge in demand as more banks and other financial institutions adopt big data analytics solutions to stay relevant in the fast-changing industry.