Global BFSI IT Market Size, Status and Forecast 2027
- Published Date : 21-04-2021
- Pages : 92
- Report Id : 21312
- Categories : Services
This report studies the global BFSI IT market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global BFSI IT market by companies, region, type and end-use industry.
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.
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 2020, while APAC is expected to be the fastest-growing region in terms of CAGR during the forecast period.
In 2020, the global BFSI IT market size was xx million US$ and it is expected to reach xx million US$ by the end of 2027, with a CAGR of xx% during 2021-2027.
This report focuses on the global top players, covered
IBM
Microsoft
Accenture
Micro Focus
SAP
Cognizant
...
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
ECM
CRM
HCM
ERP
Artificial Intelligence
Business Intelligence
Unified Communications
Market segment by Application, split into
Commercial Banks
Insurance Companies
Non-Banking Financial Companies
Cooperatives
Others
The study objectives of this report are:
To study and forecast the market size of BFSI IT in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of BFSI IT are as follows:
History Year: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2027
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
BFSI IT Manufacturers
BFSI IT Distributors/Traders/Wholesalers
BFSI IT Subcomponent Manufacturers
Industry Association
Downstream Vendors
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the BFSI IT market, by end-use.
Detailed analysis and profiles of additional market players.
Table of Contents
Global BFSI IT Market Size, Status and Forecast 2027
1 Industry Overview of BFSI IT
1.1 BFSI IT Market Overview
1.1.1 BFSI IT Product Scope
1.1.2 Market Status and Outlook
1.2 Global BFSI IT Market Size and Analysis by Regions (2016-2021)
1.2.1 United States
1.2.2 Europe
1.2.3 China
1.2.4 Japan
1.2.5 Southeast Asia
1.2.6 India
1.3 BFSI IT Market by Type
1.3.1 ECM
1.3.2 CRM
1.3.3 HCM
1.3.4 ERP
1.3.5 Artificial Intelligence
1.3.6 Business Intelligence
1.3.7 Unified Communications
1.4 BFSI IT Market by End Users/Application
1.4.1 Commercial Banks
1.4.2 Insurance Companies
1.4.3 Non-Banking Financial Companies
1.4.4 Cooperatives
1.4.5 Others
2 Global BFSI IT Competition Analysis by Players
2.1 BFSI IT Market Size (Value) by Players (2016-2021)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 IBM
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 BFSI IT Revenue (Million USD) (2016-2021)
3.2 Microsoft
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 BFSI IT Revenue (Million USD) (2016-2021)
3.3 Accenture
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 BFSI IT Revenue (Million USD) (2016-2021)
3.4 Micro Focus
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 BFSI IT Revenue (Million USD) (2016-2021)
3.5 SAP
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 BFSI IT Revenue (Million USD) (2016-2021)
3.6 Cognizant
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 BFSI IT Revenue (Million USD) (2016-2021)
4 Global BFSI IT Market Size by Type and Application (2016-2021)
4.1 Global BFSI IT Market Size by Type (2016-2021)
4.2 Global BFSI IT Market Size by Application (2016-2021)
4.3 Potential Application of BFSI IT in Future
4.4 Top Consumer/End Users of BFSI IT
5 United States BFSI IT Development Status and Outlook
5.1 United States BFSI IT Market Size (2016-2021)
5.2 United States BFSI IT Market Size and Market Share by Players (2016-2021)
5.3 United States BFSI IT Market Size by Application (2016-2021)
6 Europe BFSI IT Development Status and Outlook
6.1 Europe BFSI IT Market Size (2016-2021)
6.2 Europe BFSI IT Market Size and Market Share by Players (2016-2021)
6.3 Europe BFSI IT Market Size by Application (2016-2021)
7 China BFSI IT Development Status and Outlook
7.1 China BFSI IT Market Size (2016-2021)
7.2 China BFSI IT Market Size and Market Share by Players (2016-2021)
7.3 China BFSI IT Market Size by Application (2016-2021)
8 Japan BFSI IT Development Status and Outlook
8.1 Japan BFSI IT Market Size (2016-2021)
8.2 Japan BFSI IT Market Size and Market Share by Players (2016-2021)
8.3 Japan BFSI IT Market Size by Application (2016-2021)
9 Southeast Asia BFSI IT Development Status and Outlook
9.1 Southeast Asia BFSI IT Market Size (2016-2021)
9.2 Southeast Asia BFSI IT Market Size and Market Share by Players (2016-2021)
9.3 Southeast Asia BFSI IT Market Size by Application (2016-2021)
10 India BFSI IT Development Status and Outlook
10.1 India BFSI IT Market Size (2016-2021)
10.2 India BFSI IT Market Size and Market Share by Players (2016-2021)
10.3 India BFSI IT Market Size by Application (2016-2021)
11 Market Forecast by Regions, Type and Application (2021-2027)
11.1 Global BFSI IT Market Size (Value) by Regions (2021-2027)
11.1.1 United States BFSI IT Revenue and Growth Rate (2021-2027)
11.1.2 Europe BFSI IT Revenue and Growth Rate (2021-2027)
11.1.3 China BFSI IT Revenue and Growth Rate (2021-2027)
11.1.4 Japan BFSI IT Revenue and Growth Rate (2021-2027)
11.1.5 Southeast Asia BFSI IT Revenue and Growth Rate (2021-2027)
11.1.6 India BFSI IT Revenue and Growth Rate (2021-2027)
11.2 Global BFSI IT Market Size (Value) by Type (2021-2027)
11.3 Global BFSI IT Market Size by Application (2021-2027)
12 BFSI IT Market Dynamics
12.1 BFSI IT Market Opportunities
12.2 BFSI IT Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 BFSI IT Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 BFSI IT Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
List of Tables and Figures
Figure Global BFSI IT Market Size (Million USD) Status and Outlook (2016-2021)
Table Global BFSI IT Revenue (Million USD) Comparison by Regions (2016-2021)
Figure Global BFSI IT Market Share by Regions (2016-2021)
Figure United States BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Figure Europe BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Figure China BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Figure Japan BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Figure Southeast Asia BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Figure India BFSI IT Market Size (Million USD) and Growth Rate by Regions (2016-2021)
Table Global BFSI IT Revenue (Million USD) and Growth Rate (%) Comparison by Product (2016-2021)
Figure Global BFSI IT Revenue Market Share by Type in 2017
Figure ECM Market Size (Million USD) and Growth Rate (2016-2021)
Figure CRM Market Size (Million USD) and Growth Rate (2016-2021)
Figure HCM Market Size (Million USD) and Growth Rate (2016-2021)
Figure ERP Market Size (Million USD) and Growth Rate (2016-2021)
Figure Artificial Intelligence Market Size (Million USD) and Growth Rate (2016-2021)
Figure Business Intelligence Market Size (Million USD) and Growth Rate (2016-2021)
Figure Unified Communications Market Size (Million USD) and Growth Rate (2016-2021)
Figure Global BFSI IT Market Share by Application in 2017
Figure BFSI IT Market Size (Million USD) and Growth Rate in Commercial Banks (2016-2021)
Figure BFSI IT Market Size (Million USD) and Growth Rate in Insurance Companies (2016-2021)
Figure BFSI IT Market Size (Million USD) and Growth Rate in Non-Banking Financial Companies (2016-2021)
Figure BFSI IT Market Size (Million USD) and Growth Rate in Cooperatives (2016-2021)
Figure BFSI IT Market Size (Million USD) and Growth Rate in Others (2016-2021)
Table BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure BFSI IT Market Size Share by Players in 2016
Figure BFSI IT Market Size Share by Players in 2017
Table IBM Basic Information List
Table BFSI IT Business Revenue (Million USD) of IBM (2016-2021)
Figure IBM BFSI IT Business Revenue Market Share (2016-2021)
Table Microsoft Basic Information List
Table BFSI IT Business Revenue (Million USD) of Microsoft (2016-2021)
Figure Microsoft BFSI IT Business Revenue Market Share (2016-2021)
Table Accenture Basic Information List
Table BFSI IT Business Revenue (Million USD) of Accenture (2016-2021)
Figure Accenture BFSI IT Business Revenue Market Share (2016-2021)
Table Micro Focus Basic Information List
Table BFSI IT Business Revenue (Million USD) of Micro Focus (2016-2021)
Figure Micro Focus BFSI IT Business Revenue Market Share (2016-2021)
Table SAP Basic Information List
Table BFSI IT Business Revenue (Million USD) of SAP (2016-2021)
Figure SAP BFSI IT Business Revenue Market Share (2016-2021)
Table Cognizant Basic Information List
Table BFSI IT Business Revenue (Million USD) of Cognizant (2016-2021)
Figure Cognizant BFSI IT Business Revenue Market Share (2016-2021)
Table Global BFSI IT Market Size (Million USD) by Product (2016-2021)
Figure Global BFSI IT Revenue Market Share (%) by Product (2016-2021)
Figure Global BFSI IT Market Share by Product in 2017
Table Global BFSI IT Market Size by Application (2016-2021)
Figure Global BFSI IT Revenue Market Share (%) by Application in 2017
Table Top Consumer/End Users of BFSI IT
Figure United States BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table United States BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure United States BFSI IT Market Size Share by Players in 2016
Figure United States BFSI IT Market Size Share by Players in 2017
Table United States BFSI IT Market Size by Application (2016-2021)
Figure United States BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure United States BFSI IT Market Size Share by Application in 2017
Figure Europe BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table Europe BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure Europe BFSI IT Market Size Share by Players in 2016
Figure Europe BFSI IT Market Size Share by Players in 2017
Table Europe BFSI IT Market Size by Application (2016-2021)
Figure Europe BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure Europe BFSI IT Market Size Share by Application in 2017
Figure China BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table China BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure China BFSI IT Market Size Share by Players in 2016
Figure China BFSI IT Market Size Share by Players in 2017
Table China BFSI IT Market Size by Application (2016-2021)
Figure China BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure China BFSI IT Market Size Share by Application in 2017
Figure Japan BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table Japan BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure Japan BFSI IT Market Size Share by Players in 2016
Figure Japan BFSI IT Market Size Share by Players in 2017
Table Japan BFSI IT Market Size by Application (2016-2021)
Figure Japan BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure Japan BFSI IT Market Size Share by Application in 2017
Figure Southeast Asia BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table Southeast Asia BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure Southeast Asia BFSI IT Market Size Share by Players in 2016
Figure Southeast Asia BFSI IT Market Size Share by Players in 2017
Table Southeast Asia BFSI IT Market Size by Application (2016-2021)
Figure Southeast Asia BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure Southeast Asia BFSI IT Market Size Share by Application in 2017
Figure India BFSI IT Market Size (Million USD) and Growth Rate (2016-2021)
Table India BFSI IT Market Size (Million USD) by Players (2016-2021)
Figure India BFSI IT Market Size Share by Players in 2016
Figure India BFSI IT Market Size Share by Players in 2017
Table India BFSI IT Market Size by Application (2016-2021)
Figure India BFSI IT Revenue Market Share (%) by Application (2016-2021)
Figure India BFSI IT Market Size Share by Application in 2017
Figure Global BFSI IT Market Size and Growth Rate (2021-2027)
Table Global BFSI IT Market Size (Million USD) by Regions (2021-2027)
Figure Global BFSI IT Market Size Share (2021-2027)
Figure Global BFSI IT Market Size Share by Regions in 2027
Figure United States BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Figure Europe BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Figure China BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Figure Japan BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Figure Southeast Asia BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Figure India BFSI IT Revenue (Million USD) and Growth Rate (2021-2027)
Table Global BFSI IT Market Size (Million USD) by Type (2021-2027)
Figure Global BFSI IT Market Size Share by Type in 2021
Figure Global BFSI IT Market Size Share by Type in 2027
Table Global BFSI IT Market Size (Million USD) by Application (2021-2027)
Figure Global BFSI IT Market Size (Million USD) by Application in 2021
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