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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.
Scope of the Report:
This report studies the BFSI IT market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the BFSI IT market by product type and applications/end industries.
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.
The global BFSI IT market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of BFSI IT.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
IBM
Microsoft
Accenture
Micro Focus
SAP
Cognizant
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
ECM
CRM
HCM
ERP
Artificial Intelligence
Business Intelligence
Unified Communications
Market Segment by Applications, can be divided into
Commercial Banks
Insurance Companies
Non-Banking Financial Companies
Cooperatives
Others
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 BFSI IT Market Overview
1.1 Product Overview and Scope of BFSI IT
1.2 Classification of BFSI IT by Types
1.2.1 Global BFSI IT Revenue Comparison by Types (2017-2023)
1.2.2 Global BFSI IT Revenue Market Share by Types in 2017
1.2.3 ECM
1.2.4 CRM
1.2.5 HCM
1.2.6 ERP
1.2.7 Artificial Intelligence
1.2.8 Business Intelligence
1.2.9 Unified Communications
1.3 Global BFSI IT Market by Application
1.3.1 Global BFSI IT Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Commercial Banks
1.3.3 Insurance Companies
1.3.4 Non-Banking Financial Companies
1.3.5 Cooperatives
1.3.6 Others
1.4 Global BFSI IT Market by Regions
1.4.1 Global BFSI IT Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) BFSI IT Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) BFSI IT Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) BFSI IT Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) BFSI IT Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) BFSI IT Status and Prospect (2013-2023)
1.5 Global Market Size of BFSI IT (2013-2023)
2 Manufacturers Profiles
2.1 IBM
2.1.1 Business Overview
2.1.2 BFSI IT Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 IBM BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
2.2 Microsoft
2.2.1 Business Overview
2.2.2 BFSI IT Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Microsoft BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
2.3 Accenture
2.3.1 Business Overview
2.3.2 BFSI IT Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Accenture BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
2.4 Micro Focus
2.4.1 Business Overview
2.4.2 BFSI IT Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Micro Focus BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
2.5 SAP
2.5.1 Business Overview
2.5.2 BFSI IT Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 SAP BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
2.6 Cognizant
2.6.1 Business Overview
2.6.2 BFSI IT Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Cognizant BFSI IT Revenue, Gross Margin and Market Share (2016-2017)
3 Global BFSI IT Market Competition, by Players
3.1 Global BFSI IT Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 BFSI IT Players Market Share
3.2.2 Top 10 BFSI IT Players Market Share
3.3 Market Competition Trend
4 Global BFSI IT Market Size by Regions
4.1 Global BFSI IT Revenue and Market Share by Regions
4.2 North America BFSI IT Revenue and Growth Rate (2013-2018)
4.3 Europe BFSI IT Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific BFSI IT Revenue and Growth Rate (2013-2018)
4.5 South America BFSI IT Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa BFSI IT Revenue and Growth Rate (2013-2018)
5 North America BFSI IT Revenue by Countries
5.1 North America BFSI IT Revenue by Countries (2013-2018)
5.2 USA BFSI IT Revenue and Growth Rate (2013-2018)
5.3 Canada BFSI IT Revenue and Growth Rate (2013-2018)
5.4 Mexico BFSI IT Revenue and Growth Rate (2013-2018)
6 Europe BFSI IT Revenue by Countries
6.1 Europe BFSI IT Revenue by Countries (2013-2018)
6.2 Germany BFSI IT Revenue and Growth Rate (2013-2018)
6.3 UK BFSI IT Revenue and Growth Rate (2013-2018)
6.4 France BFSI IT Revenue and Growth Rate (2013-2018)
6.5 Russia BFSI IT Revenue and Growth Rate (2013-2018)
6.6 Italy BFSI IT Revenue and Growth Rate (2013-2018)
7 Asia-Pacific BFSI IT Revenue by Countries
7.1 Asia-Pacific BFSI IT Revenue by Countries (2013-2018)
7.2 China BFSI IT Revenue and Growth Rate (2013-2018)
7.3 Japan BFSI IT Revenue and Growth Rate (2013-2018)
7.4 Korea BFSI IT Revenue and Growth Rate (2013-2018)
7.5 India BFSI IT Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia BFSI IT Revenue and Growth Rate (2013-2018)
8 South America BFSI IT Revenue by Countries
8.1 South America BFSI IT Revenue by Countries (2013-2018)
8.2 Brazil BFSI IT Revenue and Growth Rate (2013-2018)
8.3 Argentina BFSI IT Revenue and Growth Rate (2013-2018)
8.4 Colombia BFSI IT Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue BFSI IT by Countries
9.1 Middle East and Africa BFSI IT Revenue by Countries (2013-2018)
9.2 Saudi Arabia BFSI IT Revenue and Growth Rate (2013-2018)
9.3 UAE BFSI IT Revenue and Growth Rate (2013-2018)
9.4 Egypt BFSI IT Revenue and Growth Rate (2013-2018)
9.5 Nigeria BFSI IT Revenue and Growth Rate (2013-2018)
9.6 South Africa BFSI IT Revenue and Growth Rate (2013-2018)
10 Global BFSI IT Market Segment by Type
10.1 Global BFSI IT Revenue and Market Share by Type (2013-2018)
10.2 Global BFSI IT Market Forecast by Type (2018-2023)
10.3 ECM Revenue Growth Rate (2013-2023)
10.4 CRM Revenue Growth Rate (2013-2023)
10.5 HCM Revenue Growth Rate (2013-2023)
10.6 ERP Revenue Growth Rate (2013-2023)
10.7 Artificial Intelligence Revenue Growth Rate (2013-2023)
10.8 Business Intelligence Revenue Growth Rate (2013-2023)
10.9 Unified Communications Revenue Growth Rate (2013-2023)
11 Global BFSI IT Market Segment by Application
11.1 Global BFSI IT Revenue Market Share by Application (2013-2018)
11.2 BFSI IT Market Forecast by Application (2018-2023)
11.3 Commercial Banks Revenue Growth (2013-2018)
11.4 Insurance Companies Revenue Growth (2013-2018)
11.5 Non-Banking Financial Companies Revenue Growth (2013-2018)
11.6 Cooperatives Revenue Growth (2013-2018)
11.7 Others Revenue Growth (2013-2018)
12 Global BFSI IT Market Size Forecast (2018-2023)
12.1 Global BFSI IT Market Size Forecast (2018-2023)
12.2 Global BFSI IT Market Forecast by Regions (2018-2023)
12.3 North America BFSI IT Revenue Market Forecast (2018-2023)
12.4 Europe BFSI IT Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific BFSI IT Revenue Market Forecast (2018-2023)
12.6 South America BFSI IT Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa BFSI IT Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure BFSI IT Picture
Table Product Specifications of BFSI IT
Table Global BFSI IT and Revenue (Million USD) Market Split by Product Type
Figure Global BFSI I
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