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(MoneyNewsWire.Net, October 10, 2018 ) 2018-2023 Global BFSI IT Market Report Status and Outlook
Banking, Financial services and Insurance (BFSI) is an industry term for companies that provide a range of such financial products/services such as universal banks. BFSI comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds and other smaller financial entities.
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Companies Profiled in this report includes: IBM, Microsoft, Accenture, Micro Focus, SAP, Cognizant
The BFSI vertical is one of the major targets for cyber criminals, considering the sensitive information it holds. The vertical collects vital data including customers' financial and other personal information and employee information. Therefore, the BFSI vertical is always on the radar of cyber security product and service vendors. With the advancements in cyber-attacks, the BFSI organizations face significant challenges to safeguard their databases from internal and external hackers. This is a major factor that contributes to the high adoption of cyber-security solutions in the BFSI vertical. This vertical is always improving its processing and transaction technologies. Also, the vertical continues to introduce new and improved financial products and services to improve its business operations. Cybercriminals are attracted toward this vertical to grab sensitive customer information. The stringent government regulations are another major factor that drives the adoption of cyber security solutions in the BFSI vertical.
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Artificial intelligence (AI) technology is expected to penetrate further into the BFSI sector in coming years, with an objective to enhance customer experience and aid their operational processes. Automating operational processes by implementing the AI technology is likely to reduce the operational costs and speed up the banking operations.
North America is estimated to hold the largest market share in 2017, while APAC is expected to be the fastest-growing region in terms of CAGR during the forecast period.
Research objectives
To study and analyze the global BFSI IT market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of BFSI IT market by identifying its various subsegments.
Focuses on the key global BFSI IT players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the BFSI IT with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of BFSI IT submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
2018-2023 Global BFSI IT Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global BFSI IT by Players
4 BFSI IT by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global BFSI IT Market Forecast
11 Key Players Analysis
11.1 IBM
11.1.1 Company Details
11.1.2 BFSI IT Product Offered
11.1.3 IBM BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 IBM News
11.2 Microsoft
11.2.1 Company Details
11.2.2 BFSI IT Product Offered
11.2.3 Microsoft BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Microsoft News
11.3 Accenture
11.3.1 Company Details
11.3.2 BFSI IT Product Offered
11.3.3 Accenture BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 Accenture News
11.4 Micro Focus
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