2018-2023 Global BFSI IT Market Report (Status and Outlook)

August 2018 | 117 pages | ID: 2FC41BAF9BFEN
LP Information

Abstracts

The report requires updating with new data and is sent in 48 hours after order is placed.

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global BFSI IT market for 2018-2023.
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.

Over the next five years, LPI(LP Information) projects that BFSI IT will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of BFSI IT market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

• ECM
• CRM
• ERP
• Artificial Intelligence
• Business Intelligence
• Unified Communications

Segmentation by application:

• Commercial Banks
• Insurance Companies
• Non-Banking Financial Companies
• Cooperatives
• Others

We can also provide the customized separate regional or country-level reports, for the following regions:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

• IBM
• Microsoft
• Accenture
• Micro Focus
• SAP
• Cognizant

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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.

Contents

2018-2023 GLOBAL BFSI IT MARKET REPORT (STATUS AND OUTLOOK)

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global BFSI IT Market Size 2013-2023
  2.1.2 BFSI IT Market Size CAGR by Region
2.2 BFSI IT Segment by Type
  2.2.1 ECM
  2.2.2 CRM
  2.2.3 HCM
  2.2.4 ERP
  2.2.5 Artificial Intelligence
  2.2.6 Business Intelligence
  2.2.7 Unified Communications
2.3 BFSI IT Market Size by Type
  2.3.1 Global BFSI IT Market Size Market Share by Type (2013-2018)
  2.3.2 Global BFSI IT Market Size Growth Rate by Type (2013-2018)
2.4 BFSI IT Segment by Application
  2.4.1 Commercial Banks
  2.4.2 Insurance Companies
  2.4.3 Non-Banking Financial Companies
  2.4.4 Cooperatives
  2.4.5 Others
2.5 BFSI IT Market Size by Application
  2.5.1 Global BFSI IT Market Size Market Share by Application (2013-2018)
  2.5.2 Global BFSI IT Market Size Growth Rate by Application (2013-2018)

3 GLOBAL BFSI IT BY PLAYERS

3.1 Global BFSI IT Market Size Market Share by Players
  3.1.1 Global BFSI IT Market Size by Players (2016-2018)
  3.1.2 Global BFSI IT Market Size Market Share by Players (2016-2018)
3.2 Global BFSI IT Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
  3.3.1 Competition Landscape Analysis
  3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 BFSI IT BY REGIONS

4.1 BFSI IT Market Size by Regions
4.2 Americas BFSI IT Market Size Growth
4.3 APAC BFSI IT Market Size Growth
4.4 Europe BFSI IT Market Size Growth
4.5 Middle East & Africa BFSI IT Market Size Growth

5 AMERICAS

5.1 Americas BFSI IT Market Size by Countries
5.2 Americas BFSI IT Market Size by Type
5.3 Americas BFSI IT Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC BFSI IT Market Size by Countries
6.2 APAC BFSI IT Market Size by Type
6.3 APAC BFSI IT Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 EUROPE

7.1 Europe BFSI IT by Countries
7.2 Europe BFSI IT Market Size by Type
7.3 Europe BFSI IT Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa BFSI IT by Countries
8.2 Middle East & Africa BFSI IT Market Size by Type
8.3 Middle East & Africa BFSI IT Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers and Impact
  9.1.1 Growing Demand from Key Regions
  9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 GLOBAL BFSI IT MARKET FORECAST

10.1 Global BFSI IT Market Size Forecast (2018-2023)
10.2 Global BFSI IT Forecast by Regions
  10.2.1 Global BFSI IT Forecast by Regions (2018-2023)
  10.2.2 Americas Market Forecast
  10.2.3 APAC Market Forecast
  10.2.4 Europe Market Forecast
  10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
  10.3.1 United States Market Forecast
  10.3.2 Canada Market Forecast
  10.3.3 Mexico Market Forecast
  10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
  10.4.1 China Market Forecast
  10.4.2 Japan Market Forecast
  10.4.3 Korea Market Forecast
  10.4.4 Southeast Asia Market Forecast
  10.4.5 India Market Forecast
  10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
  10.5.1 Germany Market Forecast
  10.5.2 France Market Forecast
  10.5.3 UK Market Forecast
  10.5.4 Italy Market Forecast
  10.5.5 Russia Market Forecast
  10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
  10.6.1 Egypt Market Forecast
  10.6.2 South Africa Market Forecast
  10.6.3 Israel Market Forecast
  10.6.4 Turkey Market Forecast
  10.6.5 GCC Countries Market Forecast
10.7 Global BFSI IT Forecast by Type
10.8 Global BFSI IT Forecast by Application

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
  11.4.1 Company Details
  11.4.2 BFSI IT Product Offered
  11.4.3 Micro Focus BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
  11.4.4 Main Business Overview
  11.4.5 Micro Focus News
11.5 SAP
  11.5.1 Company Details
  11.5.2 BFSI IT Product Offered
  11.5.3 SAP BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
  11.5.4 Main Business Overview
  11.5.5 SAP News
11.6 Cognizant
  11.6.1 Company Details
  11.6.2 BFSI IT Product Offered
  11.6.3 Cognizant BFSI IT Revenue, Gross Margin and Market Share (2016-2018)
  11.6.4 Main Business Overview
  11.6.5 Cognizant News

12 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES AND FIGURES

Table Product Specifications of BFSI IT
Figure BFSI IT Report Years Considered
Figure Market Research Methodology
Figure Global BFSI IT Market Size Growth Rate 2013-2023 ($ Millions)
Table BFSI IT Market Size CAGR by Region 2013-2023 ($ Millions)
Table Major Players of ECM
Table Major Players of CRM
Table Major Players of HCM
Table Major Players of ERP
Table Major Players of Artificial Intelligence
Table Major Players of Business Intelligence
Table Major Players of Unified Communications
Table Market Size by Type (2013-2018) ($ Millions)
Table Global BFSI IT Market Size Market Share by Type (2013-2018)
Figure Global BFSI IT Market Size Market Share by Type (2013-2018)
Figure Global ECM Market Size Growth Rate
Figure Global CRM Market Size Growth Rate
Figure Global HCM Market Size Growth Rate
Figure Global ERP Market Size Growth Rate
Figure Global Artificial Intelligence Market Size Growth Rate
Figure Global Business Intelligence Market Size Growth Rate
Figure Global Unified Communications Market Size Growth Rate
Figure BFSI IT Consumed in Commercial Banks
Figure Global BFSI IT Market: Commercial Banks (2013-2018) ($ Millions)
Figure Global Commercial Banks YoY Growth ($ Millions)
Figure BFSI IT Consumed in Insurance Companies
Figure Global BFSI IT Market: Insurance Companies (2013-2018) ($ Millions)
Figure Global Insurance Companies YoY Growth ($ Millions)
Figure BFSI IT Consumed in Non-Banking Financial Companies
Figure Global BFSI IT Market: Non-Banking Financial Companies (2013-2018) ($ Millions)
Figure Global Non-Banking Financial Companies YoY Growth ($ Millions)
Figure BFSI IT Consumed in Cooperatives
Figure Global BFSI IT Market: Cooperatives (2013-2018) ($ Millions)
Figure Global Cooperatives YoY Growth ($ Millions)
Figure BFSI IT Consumed in Others
Figure Global BFSI IT Market: Others (2013-2018) ($ Millions)
Figure Global Others YoY Growth ($ Millions)
Table Global BFSI IT Market Size by Application (2013-2018) ($ Millions)
Table Global BFSI IT Market Size Market Share by Application (2013-2018)
Figure Global BFSI IT Market Size Market Share by Application (2013-2018)
Figure Global BFSI IT Market Size in Commercial Banks Growth Rate
Figure Global BFSI IT Market Size in Insurance Companies Growth Rate
Figure Global BFSI IT Market Size in Non-Banking Financial Companies Growth Rate
Figure Global BFSI IT Market Size in Cooperatives Growth Rate
Figure Global BFSI IT Market Size in Others Growth Rate
Table Global BFSI IT Revenue by Players (2016-2018) ($ Millions)
Table Global BFSI IT Revenue Market Share by Players (2016-2018)
Figure Global BFSI IT Revenue Market Share by Players in 2017
Table Global BFSI IT Key Players Head office and Products Offered
Table BFSI IT Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
Table Global BFSI IT Market Size by Regions 2013-2018 ($ Millions)
Table Global BFSI IT Market Size Market Share by Regions 2013-2018
Figure Global BFSI IT Market Size Market Share by Regions 2013-2018
Figure Americas BFSI IT Market Size 2013-2018 ($ Millions)
Figure APAC BFSI IT Market Size 2013-2018 ($ Millions)
Figure Europe BFSI IT Market Size 2013-2018 ($ Millions)
Figure Middle East & Africa BFSI IT Market Size 2013-2018 ($ Millions)
Table Americas BFSI IT Market Size by Countries (2013-2018) ($ Millions)
Table Americas BFSI IT Market Size Market Share by Countries (2013-2018)
Figure Americas BFSI IT Market Size Market Share by Countries in 2017
Table Americas BFSI IT Market Size by Type (2013-2018) ($ Millions)
Table Americas BFSI IT Market Size Market Share by Type (2013-2018)
Figure Americas BFSI IT Market Size Market Share by Type in 2017
Table Americas BFSI IT Market Size by Application (2013-2018) ($ Millions)
Table Americas BFSI IT Market Size Market Share by Application (2013-2018)
Figure Americas BFSI IT Market Size Market Share by Application in 2017
Figure United States BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Canada BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Mexico BFSI IT Market Size Growth 2013-2018 ($ Millions)
Table APAC BFSI IT Market Size by Countries (2013-2018) ($ Millions)
Table APAC BFSI IT Market Size Market Share by Countries (2013-2018)
Figure APAC BFSI IT Market Size Market Share by Countries in 2017
Table APAC BFSI IT Market Size by Type (2013-2018) ($ Millions)
Table APAC BFSI IT Market Size Market Share by Type (2013-2018)
Figure APAC BFSI IT Market Size Market Share by Type in 2017
Table APAC BFSI IT Market Size by Application (2013-2018) ($ Millions)
Table APAC BFSI IT Market Size Market Share by Application (2013-2018)
Figure APAC BFSI IT Market Size Market Share by Application in 2017
Figure China BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Japan BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Korea BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Southeast Asia BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure India BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Australia BFSI IT Market Size Growth 2013-2018 ($ Millions)
Table Europe BFSI IT Market Size by Countries (2013-2018) ($ Millions)
Table Europe BFSI IT Market Size Market Share by Countries (2013-2018)
Figure Europe BFSI IT Market Size Market Share by Countries in 2017
Table Europe BFSI IT Market Size by Type (2013-2018) ($ Millions)
Table Europe BFSI IT Market Size Market Share by Type (2013-2018)
Figure Europe BFSI IT Market Size Market Share by Type in 2017
Table Europe BFSI IT Market Size by Application (2013-2018) ($ Millions)
Table Europe BFSI IT Market Size Market Share by Application (2013-2018)
Figure Europe BFSI IT Market Size Market Share by Application in 2017
Figure Germany BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure France BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure UK BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Italy BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Russia BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Spain BFSI IT Market Size Growth 2013-2018 ($ Millions)
Table Middle East & Africa BFSI IT Market Size by Countries (2013-2018) ($ Millions)
Table Middle East & Africa BFSI IT Market Size Market Share by Countries (2013-2018)
Figure Middle East & Africa BFSI IT Market Size Market Share by Countries in 2017
Table Middle East & Africa BFSI IT Market Size by Type (2013-2018) ($ Millions)
Table Middle East & Africa BFSI IT Market Size Market Share by Type (2013-2018)
Figure Middle East & Africa BFSI IT Market Size Market Share by Type in 2017
Table Middle East & Africa BFSI IT Market Size by Application (2013-2018) ($ Millions)
Table Middle East & Africa BFSI IT Market Size Market Share by Application (2013-2018)
Figure Middle East & Africa BFSI IT Market Size Market Share by Application in 2017
Figure Egypt BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure South Africa BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Israel BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Turkey BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure GCC Countries BFSI IT Market Size Growth 2013-2018 ($ Millions)
Figure Global BFSI IT arket Size Forecast (2018-2023) ($ Millions)
Table Global BFSI IT Market Size Forecast by Regions (2018-2023) ($ Millions)
Table Global BFSI IT Market Size Market Share Forecast by Regions
Figure Americas BFSI IT Market Size 2018-2023 ($ Millions)
Figure APAC BFSI IT Market Size 2018-2023 ($ Millions)
Figure Europe BFSI IT Market Size 2018-2023 ($ Millions)
Figure Middle East & Africa BFSI IT Market Size 2018-2023 ($ Millions)
Figure United States BFSI IT Market Size 2018-2023 ($ Millions)
Figure Canada BFSI IT Market Size 2018-2023 ($ Millions)
Figure Mexico BFSI IT Market Size 2018-2023 ($ Millions)
Figure Brazil BFSI IT Market Size 2018-2023 ($ Millions)
Figure China BFSI IT Market Size 2018-2023 ($ Millions)
Figure Japan BFSI IT Market Size 2018-2023 ($ Millions)
Figure Korea BFSI IT Market Size 2018-2023 ($ Millions)
Figure Southeast Asia BFSI IT Market Size 2018-2023 ($ Millions)
Figure India BFSI IT Market Size 2018-2023 ($ Millions)
Figure Australia BFSI IT Market Size 2018-2023 ($ Millions)
Figure Germany BFSI IT Market Size 2018-2023 ($ Millions)
Figure France BFSI IT Market Size 2018-2023 ($ Millions)
Figure UK BFSI IT Market Size 2018-2023 ($ Millions)
Figure Italy BFSI IT Market Size 2018-2023 ($ Millions)
Figure Russia BFSI IT Market Size 2018-2023 ($ Millions)
Figure Spain BFSI IT Market Size 2018-2023 ($ Millions)
Figure Egypt BFSI IT Market Size 2018-2023 ($ Millions)
Figure South Africa BFSI IT Market Size 2018-2023 ($ Millions)
Figure Israel BFSI IT Market Size 2018-2023 ($ Millions)
Figure Turkey BFSI IT Market Size 2018-2023 ($ Millions)
Figure GCC Countries BFSI IT Market Size 2018-2023 ($ Millions)
Table Global BFSI IT Market Size Forecast by Type (2018-2023) ($ Millions)
Table Global BFSI IT Market Size Market Share Forecast by Type (2018-2023)
Table Global BFSI IT Market Size Forecast by Application (2018-2023) ($ Millions)
Table Global BFSI IT Market Size Market Share Forecast by Application (2018-2023)
Table IBM Basic Information, Head Office, Major Market Areas and Its Competitors
Table IBM BFSI IT Revenue and Gross Margin (2016-2018)
Figure IBM BFSI IT Market Share (2016-2018)
Table Microsoft Basic Information, Head Office, Major Market Areas and Its Competitors
Table Microsoft BFSI IT Revenue and Gross Margin (2016-2018)
Figure Microsoft BFSI IT Market Share (2016-2018)
Table Accenture Basic Information, Head Office, Major Market Areas and Its Competitors
Table Accenture BFSI IT Revenue and Gross Margin (2016-2018)
Figure Accenture BFSI IT Market Share (2016-2018)
Table Micro Focus Basic Information, Head Office, Major Market Areas and Its Competitors
Table Micro Focus BFSI IT Revenue and Gross Margin (2016-2018)
Figure Micro Focus BFSI IT Market Share (2016-2018)
Table SAP Basic Information, Head Office, Major Market Areas and Its Competitors
Table SAP BFSI IT Revenue and Gross Margin (2016-2018)
Figure SAP BFSI IT Market Share (2016-2018)
Table Cognizant Basic Information, Head Office, Major Market Areas and Its Competitors
Table Cognizant BFSI IT Revenue and Gross Margin (2016-2018)
Figure Cognizant BFSI IT Market Share (2016-2018)