Banking and Financial services form the backbone of any country’s economy. In recent times, the strength of country is determined by how it is progressing financially. Thus, proper functioning of financial system is must to bring in stable and smooth governance. Many banks and financial institutions around the globe have turned their attention to pull the customers by decisive marketing efforts and “Customer In” strategy. Banks have shifted their policy from traditional accounting services to extending value added services like insurance, mutual funds, pensions and mortgages.
To achieve this transformation, digitization of financial services, evolution and development of consumer centric processes, and concentration on core competencies is necessary. Global financial services applications are the perfect solution to handle these types of diverse portfolios. With the growing effect of globalization, global financial services application providers face an uphill task to provide end users with applications that are compliant, risk free and data driven.
The overall global financial services application market in this report has been defined as the sum of revenues generated by the global financial services application software along with various software and services provided by the vendors to banks and financial institutions.
North America, and Europe have the highest adoption of financial services application in the banking and financial services ecosystem, and regions such as APAC, Middle East and Africa along with Latin America offers a lot of opportunities for the vendors where majority of the countries are yet to expansively adopt global financial services application.
This report primarily includes financial services applications vendors providing application software for Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience, and Enterprise IT. Also, in this fast changing economic scenario, companies need to introspect and analyze their internal operational process flow. Thus, employment of data warehousing process helps in strategy framing and quick decision making.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, economic, and technological factors. For instance, exchange rates are some of the factors which are expected to have an impact on this market. Therefore, the dollar fluctuations are expected not to seriously affect the forecasts in the emerging Asia-Pacific regions.
This report will help the global financial services application vendors in the following ways: 1. This report segments the overall global financial services application market on the basis of the revenues generated by global financial services application software vendors and service providers. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split into geographical regions. 2. The report will help global financial services application vendors to better understand their competitors and gain more insights for better positioning of their business. There is a separate section on competitive landscape, which includes key developments of market leaders, mergers and acquisitions, and venture capital funding. This report also covers company profiles of major players in this market. 3. The report will help vendors to understand the pulse of the market and provide information on key market drivers, restraints, opportunities and challenges.
Our reports have been used by over 10K customers, including:
The Asia Pacific Digital Payment Market would witness market growth of 21.8% CAGR during the forecast period (2020-2026). The increasing penetration of smartphones in the developing countries is anticipated to boost the growth of the market. In addition, the adoption of digital Payment services is expected to increase with the launch...
The Europe Digital Payment Market would witness market growth of 19% CAGR during the forecast period (2020-2026). The digital transaction of money through a medium is known as digital Payment. These Payments are made over the internet & mobile Payments at the point of sale (PoS) by using mobile apps. There is increasing use of digital...
The Latin America, Middle East and Africa Digital Payment Market would witness market growth of 22.6% CAGR during the forecast period (2020-2026). Many countries around the globe adopt ICT technologies in order to promote digital economies. Various governments are taking initiative to digitalize the Payment process. Digital Payment...
The North America Digital Payment Market would witness market growth of 18.1% CAGR during the forecast period (2020-2026). Digital wallets contain virtual cash which is used to do Payment. It is divided into two groups i.e. open and closed-loop wallets. In point of sale (POS), transferring money, and purchasing goods or services, Open-loop...
The Asia Pacific Real-Time Payments Market would witness market growth of 32.9% CAGR during the forecast period (2020-2026). In developing countries, consumers, businesses, and governments are considering rapid payments as a way to acquire superior convenience and financial security, hence pushing the demand for the solutions. The increasing...
The Europe Real-Time Payments Market would witness market growth of 32.1% CAGR during the forecast period (2020-2026). Growing demand for secure instant payment gateways and quick payment services around the world is anticipated to propel the growth of the global real-time payments market. This is credited to the capability of real-time...
The Latin America, Middle East and Africa Real-Time Payments Market would witness market growth of 33.4% CAGR during the forecast period (2020-2026). Real-time payments provide flexibility to consumers and businesses in making and receiving payments, which is anticipated to fuel the growth of the market. With the help of real-time payments,...
The North America Real-Time Payments Market would witness market growth of 31.5% CAGR during the forecast period (2020-2026). Real-time payment is considered as an immediate, instant, quick payment and is capable of supporting retail, person to person, and mobile payments. Real-time payment systems provide an immediate interbank electronic...
Increasing worldwide initiatives for the promotion of digital and online payments is driving the growth of the global payment processing solutions market
The global payment processing solutions market size is projected to grow from USD 74.4 billion in 2020 to USD 120.7 billion by 2025, at a CAGR of 10.2% during the forecast...
Over the past 3 years, the Financial Transactions Processing, Reserve, & Clearinghouse industry in the U.S. has averaged annual growth of 5.5% to reach $59 billion in revenue. The 2019 Financial Transactions Processing, Reserve, & Clearinghouse Market Research Report is an in-depth evaluation of the industry in the United States. The...
Number Of Enterprises
Number Of Employees
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.