Explore Global Retail Banking IT Spending Market Rise at a CAGR of 4.66% By 2015-2019

MarketResearchReports.Biz has announced addition of new report "Global Retail Banking IT Spending Market 2015-2019" to its database.

About retail banking IT spending

The demand for IT products and services is growing in the banking sector because of a shift in the methodology of performing banking functions. Several banks are increasing their IT expenditure to offer improved services to customers and improve brand loyalty. Apart from spending on core hardware, software, and services, retail banks spend on a number of emerging technologies such as core banking, analytical technologies, internal operations, online banking, mobile banking, and channel management.

Over the past five years, cyber-attacks have significantly increased across the banking domain. During this period, the adoption of cloud computing also grew at a significant pace in the retail banking sector. To safeguard customers, many banks across the globe have started to increase their spending on risk management. It is a top priority for the banking sector to comply with security and confidentiality measures set by IT security regulators for offering services on the cloud.

Technavio's analysts forecast the global retail banking IT spending market to grow at a CAGR of 4.66% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global retail banking IT spending market for 2015-2019. To calculate the market size, the report considers revenue generated from

Hardware

Services

Software

The market is divided into the following segments based on technology:

Analytical technologies

Channel management

Core banking

Internal operations

Mobile banking

Online banking

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Technavio's report, Global Retail Banking IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers America, EMEA, and APAC; it also covers the landscape of the global retail banking IT spending market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

Dell

HP

IBM

Microsoft

Other prominent vendors

Accenture

Acer

ATOS

Capgemini

CGI Group

Cisco Systems

Cognizant

CSC

EMC

FIS

Fujitsu

Genpact

HCL Technologies

Hitachi

iGATE Global Solutions

Infosys

Intel

JP Morgan

Misys

Netapp

Oracle

Polaris Software Lab

Ramco Systems

SAP

Syntel

TCS

Temenos

Teradata

Unisys

Vmware

Wipro Technologies

WNS Global Services

Key market driver

Increased usage of BI software

For a full, detailed list, view our report

Key market challenge

Data security, privacy, and migration issues

For a full, detailed list, view our report

Key market trend

Increased investment in real-time architecture

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?