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.
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.
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.
In 2018, the global BFSI IT market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global BFSI IT status, future forecast, growth opportunity, key market and key players. The study objectives are to present the BFSI IT development in United States, Europe and China.
The key players covered in this study
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Market segment by Type, the product can be split into
Market segment by Application, split into
Non-Banking Financial Companies
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:To analyze global BFSI IT status, future forecast, growth opportunity, key market and key players.
To present the BFSI IT development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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Table Of Contents:
1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.4.1 Global BFSI IT Market Size Growth Rate by Type (2014-2025)
1.4.6 Artificial Intelligence
1.4.7 Business Intelligence
1.4.8 Unified Communications
1.5 Market by Application1.5.1 Global BFSI IT Market Share by Application (2014-2025)
1.5.2 Commercial Banks
1.5.3 Insurance Companies
1.5.4 Non-Banking Financial Companies
1.6 Study Objectives1.7 Years Considered
2 Global Growth Trends2.1 BFSI IT Market Size
2.2 BFSI IT Growth Trends by Regions
2.2.1 BFSI IT Market Size by Regions (2014-2025)
2.2.2 BFSI IT Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
2 International Players Profiles12.1 IBM12.1.1 IBM Company Details
12.1.2 Company Description and Business Overview
12.1.3 BFSI IT Introduction
12.1.4 IBM Revenue in BFSI IT Business (2014-2019)
12.1.5 IBM Recent Development
12.2 Microsoft12.2.1 Microsoft Company Details
12.2.2 Company Description and Business Overview
12.2.3 BFSI IT Introduction
12.2.4 Microsoft Revenue in BFSI IT Business (2014-2019)
12.2.5 Microsoft Recent Development
12.3 Accenture12.3.1 Accenture Company Details
12.3.2 Company Description and Business Overview
12.3.3 BFSI IT Introduction
12.3.4 Accenture Revenue in BFSI IT Business (2014-2019)
12.3.5 Accenture Recent Development
12.4 Micro Focus12.4.1 Micro Focus Company Details
12.4.2 Company Description and Business Overview
12.4.3 BFSI IT Introduction
12.4.4 Micro Focus Revenue in BFSI IT Business (2014-2019)
12.4.5 Micro Focus Recent Development
12.5 SAP12.5.1 SAP Company Details
12.5.2 Company Description and Business Overview
12.5.3 BFSI IT Introduction
12.5.4 SAP Revenue in BFSI IT Business (2014-2019)
12.5.5 SAP Recent Development
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