Market Research Report
Financial Services Application Market by Software (Audit, Risk & Compliance, BI & Analytics, Business Transaction Processing, Customer Experience, Enterprise IT), by Services, by Deployment, by Users & Region - Global Forecast to 2019
|Published by||MarketsandMarkets||Product code||326051|
|Published||Content info||144 Pages
|Financial Services Application Market by Software (Audit, Risk & Compliance, BI & Analytics, Business Transaction Processing, Customer Experience, Enterprise IT), by Services, by Deployment, by Users & Region - Global Forecast to 2019|
|Published: March 11, 2015||Content info: 144 Pages||
Banking and Financial services form the backbone of any country's economy. In recent times, the strength of country is determined by how it is progressing financially. Thus, proper functioning of financial system is must to bring in stable and smooth governance. Many banks and financial institutions around the globe have turned their attention to pull the customers by decisive marketing efforts and "Customer In" strategy. Banks have shifted their policy from traditional accounting services to extending value added services like insurance, mutual funds, pensions and mortgages. To achieve this transformation, digitization of financial services, evolution and development of consumer centric processes, and concentration on core competencies is necessary. Global financial services applications are the perfect solution to handle these types of diverse portfolios. With the growing effect of globalization, global financial services application providers face an uphill task to provide end users with applications that are compliant, risk free and data driven.
The overall global financial services application market in this report has been defined as the sum of revenues generated by the global financial services application software along with various software and services provided by the vendors to banks and financial institutions.
North America, and Europe have the highest adoption of financial services application in the banking and financial services ecosystem, and regions such as APAC, Middle East and Africa along with Latin America offers a lot of opportunities for the vendors where majority of the countries are yet to expansively adopt global financial services application.
This report primarily includes financial services applications vendors providing application software for Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience, and Enterprise IT. Also, in this fast changing economic scenario, companies need to introspect and analyze their internal operational process flow. Thus, employment of data warehousing process helps in strategy framing and quick decision making.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, economic, and technological factors. For instance, exchange rates are some of the factors which are expected to have an impact on this market. Therefore, the dollar fluctuations are expected not to seriously affect the forecasts in the emerging Asia-Pacific regions.
*Details on Overview, Products & Services, Strategies & Insights, Developments and MNM View Might Not Be Captured in Case of Unlisted Companies.