BI & Analytics Application to Lead Global Financial Services Application Market through 2024
Financial services
application enables financial institutions to plan and optimize operations as
well as uncover new opportunities, thus driving global financial services
application market
According
to TechSci Research report, “Global
Financial Services Application Market By Product, By Deployment, By Enterprise Size, By
Region, Competition, Forecast & Opportunities, 2024”, global financial services application market is forecast
to grow at a CAGR of 8.8% during the forecast period, on the back of rising need
for automating financial transaction processes. Owing to increasing number of
financial institutions, there is rising demand for financial services to
optimize workforce, thereby positively influencing the market. Moreover,
enhanced focus on customer experience and emergence of digital channel for
banking is anticipated to drive global financial services application market
during forecast period.
Browse 20 market data Tables and 101 Figures spread
through 110
Pages and an in-depth TOC on "Global Financial Services Application Market"
https://www.techsciresearch.com/report/financial-services-application-market/3937.html
In terms of software, the market can be segmented into
audit, risk, & compliance management, business intelligence & analytics
applications, business transaction processing, customer experience and
enterprise IT. Business intelligence & analytics application is one of the
major segments of the market, as it helps to understand end-users in a better
way, drive performance and revenue, improve operational efficiency and provide
personalized services. Fidelity National
Information Services, Inc., Accenture, Inc., Tata Consultancy Services Limited,
Fiserv Inc., Infosys Ltd and International Business Machines Corporation are
the major players operating in global
financial services application market. Companies operating in the market are
using organic strategies such as product launches, mergers and collaborations
to boost their share. In February 2019, Accenture completed the acquisition of
Orbium, a technology services and management consultancy provider to the
financial services industry.
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“Backed by the adoption of advanced technologies, such as artificial
intelligence by several financial institutes, North America dominates global
financial services application market. Moreover, presence of major players in
the region is further contributing to the leading share of North America
financial services application market. United States is one of the prominent
countries in the FinTech market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Financial Services Application Market By
Product, By Deployment, By Enterprise Size, By Region, Competition, Forecast
& Opportunities, 2024” has
evaluated the future growth potential of global financial services application
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global financial services
application market.
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