China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

  • October 2016 •
  • 58 pages •
  • Report ID: 4229723 •
  • Format: PDF
"China's banking industry is facing three major challenges -- economic slowdown, interest rate liberalization reform, and internet finance, accompanied by dramatic changes in the banking business environment," said Frank Fang, senior research manager, Vertical Industry Research and Consulting, IDC China. "Digital transformation has become an irreversible trend in the industry. As bank customers improve their management sophistication with changing needs for banking IT solutions, China's banking industry IT solutions market will step into a period of consolidation while maintaining stable growth. Specialized services will remain a major trend in the market, and solutions delivery will shift from the software-plus-services model to a service-dominated model. IT solutions providers are advised to continuously build their expertise, capabilities, and process standardization."
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