MARKET INTRODUCTION

The growing demand for software and services in the banking sector is the major factor that is boosting the growth of the market. Several banks are adopting the various software to offer better service to their customer, hence boosting the growth of the retail banking IT spending market. Increasing spending on IT services such as system integration, consulting, maintenance, software deployment, support, hardware deployment, others. These are the factors that are boosting the growth of the retail banking IT spending market.

MARKET DYNAMICS

Retail banks spend on emerging technologies such as core banking, analytical technologies, online banking, mobile banking, channel management, and others that are influencing the growth of the market. Increase cyber-attacks have significantly increased the adoption of cloud-based technology, which further propels the growth of the retail banking IT spending market. For safety and security of data and confidentiality of data, a number of banks across the globe are increasing their spending on risk management that is expected to increase the demand for the retail banking IT spending market.

MARKET SCOPE

The "Global Retail Banking IT Spending Market Analysis To 2027" is a specialized and in-depth study of the retail banking IT spending industry with a special focus on the global market trend analysis. The report aims to provide an overview retail banking IT spending market with detailed market segmentation by spending type, platform, and geography. The global retail banking IT spending market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading retail banking IT spending market players and offers key trends and opportunities in the retail banking IT spending market.

MARKET SEGMENTATION

The global retail banking IT spending market is segmented on the basis of spending type, platform. On the basis of spending type the market is segmented as core banking, online banking, mobile banking, analytical technologies, others. On the basis of platform the market is segmented as hardware, software, services.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global retail banking IT spending market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The retail banking IT spending market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting retail banking IT spending market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the retail banking IT spending market in these regions.

MARKET PLAYERS

The reports cover key developments in the retail banking IT spending market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from retail banking IT spending market are anticipated to lucrative growth opportunities in the future with the rising demand for retail banking IT spending in the global market. Below mentioned is the list of few companies engaged in the retail banking IT spending market.

The report also includes the profiles of key retail banking IT spending companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accenture
- Cisco Systems, Inc.
- Dell Inc.
- HP
- IBM
- Infosys Limited
- Intel Corporation
- Microsoft
- Oracle
- Teradata