IT BFSI Market Expected to Grow at 149.74 Billion in Revenue by 2022 | Global Key Players like IBM , Microsoft , Accenture , Micro Focus, CA Technologies, Adobe Systems, SAP and Others.

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The IT BFSI Market size is expected to grow from US$ 82.06 Billion in 2017 to US$ 149.74 Billion by 2022, at a CAGR of 12.8% during the forecast period. This report spread across 118 pages, profiling 10 companies and supported with 55 tables and 40 figures is now available in this research.

Top Vendors in the IT BFSI Market include are
• IBM (US)
• Microsoft (US)
• Accenture (Ireland)
• Micro Focus (UK)
• CA Technologies (US)
• Adobe Systems (US)
• SAP (Germany)
• Salesforce (US)
• Oracle (US)
• Cognizant (US)

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Artificial intelligence (AI) technology is expected to penetrate further into the BFSI sector in coming years, with an objective to enhance customer experience and aid their operational processes. Automating operational processes by implementing the AI technology is likely to reduce the operational costs and speed up the banking operations. Furthermore, AI is expected to streamline and ease the cumbersome processes of banking operations, which helps BFSI organizations to deliver better service to their customers.

“Large Enterprises segment is expected to hold a higher market share during the forecast period”
The Large Enterprises segment is expected to hold a higher market share during the forecast period. Large enterprises have been investing heavily in advanced IT technologies and services to upgrade their IT infrastructure to match up with the latest market trends and dynamic demands. Large banks allocate budgets for upgrading their IT infrastructure, as IT solutions play a significant role in streamlining their entire business operations at multiple locations.

“Asia Pacific (APAC) is projected to have high growth potential during the forecast period.”
North America is estimated to hold the largest market share in 2017,while APAC is expected to be the fastest-growing region in terms of CAGR during the forecast period. APAC provides growth opportunities for IT vendors targeting the BFSI vertical during the forecast period, considering the increasing commercial investments in the emerging economies in the region.

Breakdown of Primary Participants’ Profile:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level – 35%, D-level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%

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Report Highlights:
The Main Objective of this report is to define, describe, and forecast the IT BFSI market by segments – component, organization size, deployment, and vertical. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth. The report forecasts the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The report profiles key players and comprehensively analyzes their core competencies.

Target Audience for IT BFSI Market : IT solution and service providers, System integrators, Application developers, Hardware vendors, Consulting firms, Research organizations, Resellers and distributors.

List of Tables
Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 IT BFSI Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
Table 3 IT BFSI Market Size, By Component, 2015–2022 (USD Billion)
Table 4 Technology Types: IT BFSI Market Size, By Type, 2015–2022 (USD Billion)
Table 5 Customer Relationship Management Market Size, By Region, 2015–2022 (USD Billion)
Table 6 Human Capital Management Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Enterprise Content Management Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Cybersecurity Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Enterprise Resource Planning Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Unified Communication Market Size, By Region, 2015–2022 (USD Billion)
….and More

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