According to a new 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”, by MarketsandMarkets, defines the global financial services application market based on various software, service types, deployment types, and user types with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse 70 market data tables and 56 figures spread through 142 pages and in-depth TOC on “Financial Services Application Market - Global Forecast to 2019"
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Global Financial Services Application provides automation to various functions of the global financial sector. These functions include Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience and Enterprise IT. Apart from automating the functions, global financial services applications also help in automating the analysis of large chunks of quantified data. This analysis helps in drafting organizational strategies and strategic decision making. Thus, making global financial services application market one of the most crucial market in the world. Global financial services application helps the end user to plan and invest in a secured and efficient way. The major vendors of the global financial services application market are Accenture, FIS, FISERV, IBM Corporation, Infosys, Oracle, SAP AG and TCS. The major forces driving this market are technology upgradation, global market liberalization, market innovation and globalization.
MarketsandMarkets broadly segments the global financial services applications market by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by software: Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience, and Enterprise IT; by deployment types: on-premises and hosted; by service types: consulting services, integration services, training and support services, and operation and maintenance services.
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MarketsandMarkets forecasts the global financial services application market to grow from $66.92 billion in 2014 to $103.66 billion by 2019, at a CAGR of 9.1%. In terms of regions, NA is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.
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