1. Market Research
  2. > IT Services Market Trends

Banking IT Spending Market in APEJ 2015-2019

  • October 2015
  • 75 pages
  • Infiniti Research Limited
Report ID: 3334904

Summary

Table of Contents

Search Inside

About banking IT spending
Banking enterprises across APEJ have become increasingly dependent on various advanced technologies, and various IT products and services to run their business and drive revenue growth. This trend is expected to intensify, with the role of IT becoming vital and directly contributing to the organization’s agenda.

Banks across the globe are adopting IT solutions to optimize business processes and enhance performance. The implementation of IT in the banking sector has changed the way banks operate. The banking IT spending market in APEJ includes expenditure on IT infrastructure by banks. The market is divided into the Retail Banking, Corporate Banking, And Other Banking Sectors. The banking IT spending market in APEJ is growing at a rapid pace and has the potential for more growth in the future. Several banks are increasing their IT expenditure to.

Lack of awareness about advanced technologies, coupled with growing security concerns, has had an impact on the adoption of advanced technologies among banking firms in APEJ. Emergence of various advanced technologies including social networking, cloud-based services, and big data systems have made businesses more vulnerable to cyber-attacks across APEJ. Notwithstanding the above, many banking firms have started to adopt a variety of technologies as per their needs to enhance overall process efficiency, boost revenue, offer improved services to customers, and improve brand loyalty.

Technavio's analysts forecast the banking IT spending market in APEJ to grow at a CAGR of 8.27% over the period 2014-2019.

Covered in this report
The report covers the current scenario and the growth prospects of the banking IT spending market in APEJ for the period of 2015-2019. To calculate the market size, the report considers revenue generated through:
- Hardware
- Software
- Services

The market is divided into the following segments based on end-users:
- Retail banking
- Corporate banking
- Others (including capital markets, dealing, brokerage, and investment banking)

The report also provides a brief overview of various technologies used, such as:
- Cloud computing
- Big data
- Mobility
- Social media

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

Key Vendors
- Fujitsu
- HP
- IBM
- Oracle
- TCS

Other prominent vendors
- 3i Infotech
- Accenture
- Acer
- Aegis
- Atom Technologies
- Capgemini
- CGI Group
- Cisco Systems
- CMS Infosystems
- Cognizant
- CSC
- Dell
- Diebold
- Fidelity National Information Services (FIS)
- Firstsource Solutions
- Fiserv
- Genpact India
- HCL Technologies
- Hitachi
- iGATE Global Solutions
- Infosys
- Intel
- JP Morgan
- KPIT Technologies
- L&T Infotech
- Logica
- Maverick Technologies
- Microsoft
- MindTree
- Misys
- Mphasis
- Netapp
- Newgen
- Nucleus Software
- Polaris Software Lab
- Ramco Systems
- Robert Bosch Engineering and Business Solutions
- SAP
- Syntel
- Tally
- Tech Mahindra
- Temenos
- Teradata
- Unisys
- Vmware
- Wipro Technologies
- WNS Global Services

Market driver
- Increased need for customer-centric core banking facilities
- For a full, detailed list, view our report

Market challenge
- Data security, privacy, and migration issues
- For a full, detailed list, view our report

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?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Energy Cloud Market by Solution, Service, Service Model, Deployment Model, Organization Size, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Aging infrastructure, rising grid security concerns, and the need for Customer Relationship Management (CRM) are expected to drive the overall energy cloud market” The energy cloud market size is ...

Global IT Spending on Clinical Analytics Market Analysis & Trends - Industry Forecast to 2025

  • $ 4200
  • Industry report
  • April 2017
  • by Accuray Research LLP

The Global IT Spending on Clinical Analytics Market is poised to grow at a CAGR of around 13.1% over the next decade to reach approximately $36.68 billion by 2025. This industry report analyzes the market ...

IDC PlanScape: Artificial Intelligence-Enabled IT Service Management

  • $ 3960
  • Industry report
  • March 2017
  • by IDC

This IDC study discusses the aspects of artificial intelligence-enabled IT service management."Today, it is becoming increasingly accepted, and desired, to leverage convenient and simplistic technologies ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.