Global BFSI IT Market Size, Status and Forecast 2019-2025

Published On: Jun 2019

Format: PDF

Publisher: QY Research

Pages: 92

Report ID: 1095

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
IBM
Microsoft
Accenture
Micro Focus
SAP
Cognizant
...

Market segment by Type, the product can be split into
ECM
CRM
HCM
ERP
Artificial Intelligence
Business Intelligence
Unified Communications

Market segment by Application, split into
Commercial Banks
Insurance Companies
Non-Banking Financial Companies
Cooperatives
Others

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
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.

In this study, the years considered to estimate the market size of BFSI IT are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global BFSI IT Market Size Growth Rate by Type (2014-2025)
1.4.2 ECM
1.4.3 CRM
1.4.4 HCM
1.4.5 ERP
1.4.6 Artificial Intelligence
1.4.7 Business Intelligence
1.4.8 Unified Communications
1.5 Market by Application
1.5.1 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
1.5.5 Cooperatives
1.5.6 Others
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 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

3 Market Share by Key Players
3.1 BFSI IT Market Size by Manufacturers
3.1.1 Global BFSI IT Revenue by Manufacturers (2014-2019)
3.1.2 Global BFSI IT Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global BFSI IT Market Concentration Ratio (CR5 and HHI)
3.2 BFSI IT Key Players Head office and Area Served
3.3 Key Players BFSI IT Product/Solution/Service
3.4 Date of Enter into BFSI IT Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global BFSI IT Market Size by Type (2014-2019)
4.2 Global BFSI IT Market Size by Application (2014-2019)

5 United States
5.1 United States BFSI IT Market Size (2014-2019)
5.2 BFSI IT Key Players in United States
5.3 United States BFSI IT Market Size by Type
5.4 United States BFSI IT Market Size by Application

6 Europe
6.1 Europe BFSI IT Market Size (2014-2019)
6.2 BFSI IT Key Players in Europe
6.3 Europe BFSI IT Market Size by Type
6.4 Europe BFSI IT Market Size by Application

7 China
7.1 China BFSI IT Market Size (2014-2019)
7.2 BFSI IT Key Players in China
7.3 China BFSI IT Market Size by Type
7.4 China BFSI IT Market Size by Application

8 Japan
8.1 Japan BFSI IT Market Size (2014-2019)
8.2 BFSI IT Key Players in Japan
8.3 Japan BFSI IT Market Size by Type
8.4 Japan BFSI IT Market Size by Application

9 Southeast Asia
9.1 Southeast Asia BFSI IT Market Size (2014-2019)
9.2 BFSI IT Key Players in Southeast Asia
9.3 Southeast Asia BFSI IT Market Size by Type
9.4 Southeast Asia BFSI IT Market Size by Application

10 India
10.1 India BFSI IT Market Size (2014-2019)
10.2 BFSI IT Key Players in India
10.3 India BFSI IT Market Size by Type
10.4 India BFSI IT Market Size by Application

11 Central & South America
11.1 Central & South America BFSI IT Market Size (2014-2019)
11.2 BFSI IT Key Players in Central & South America
11.3 Central & South America BFSI IT Market Size by Type
11.4 Central & South America BFSI IT Market Size by Application

12 International Players Profiles
12.1 IBM
12.1.1 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 Microsoft
12.2.1 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 Accenture
12.3.1 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 Focus
12.4.1 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 SAP
12.5.1 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
12.6 Cognizant
12.6.1 Cognizant Company Details
12.6.2 Company Description and Business Overview
12.6.3 BFSI IT Introduction
12.6.4 Cognizant Revenue in BFSI IT Business (2014-2019)
12.6.5 Cognizant Recent Development

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details