Press release
Global Retail Banking IT Spending Market Report, History and Forecast 2013-2025
The demand for IT products and services is growing in the banking sector because of a shift in the methodology of performing banking functions. Several banks are increasing their IT expenditure to offer improved services to customers and improve brand loyalty. Apart from spending on core hardware, software, and services, retail banks spend on a number of emerging technologies such as core banking, analytical technologies, internal operations, online banking, mobile banking, and channel management.
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Over the past few years, the modalities of customer experience in banking have changed drastically. The retail banking sector has an imminent need to keep up with the pace at which customers are switching over to smart devices to fulfil their banking requirements.
Many foreign banks are expected to invest in IT infrastructure in the banking industry by forming strategic alliances with regional banks over the next four years. With this, the services segment is expected to emerge as the fastest growing domain of the retail banking IT spending market until 2019.
In 2017, the global Retail Banking IT Spending market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% between 2018 and 2025.
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This report focuses on the global top players, covered
Dell
HP
IBM
Microsoft
...
Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Core Banking
Online Banking
Mobile Banking
Channel Management
Internal Operations
Analytical Technologies
Increased Internet Penetration
Market segment by Application, the market can be split into
Hardware
Software
Services
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