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Informative Report on Big Data Analytics in Banking Market Trends, Analysis by Regions and Forecasts to 2025 | IBM, Oracle, SAP SE, Microsoft, HP, Amazon AWS

04-20-2020 08:29 AM CET | IT, New Media & Software

Press release from: Business Industry Reports

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Big Data Analytics in Banking Market

Big Data Analytics in Banking Market

Global Big Data Analytics in Banking Market overview:

The growing demand for Big Data Analytics in Banking has provided a major boost to the Global Big Data Analytics in Banking Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Data is driving the modern financial industry in many ways. Financials institutions are making use of Big Data in various ways, ranging from boosting cybersecurity to cultivating customer loyalty, reducing customer churn and more, through personalized and innovative offerings that shape modern banking into an individualized experience. As financial services companies embark on a journey to gain better understanding of customers and their household preferences, in order to provide effective and differentiated services, the amount of data is expected to grow, data collection will occur more frequently, and data variety is estimated to become more complex.

The global Big Data Analytics in Banking Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 On-Premise

2 Cloud

On the basis of End Use Industry, the market is split into:

1 Feedback Management

2 Customer Analytics

3 Social Media Analytics

4 Fraud Detection and Management

Objectives of the Study

To describe and forecast the global Big Data Analytics in Banking Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Big Data Analytics in Banking Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Big Data Analytics in Banking Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Big Data Analytics in Banking Market.

 

Some of the Big Data Analytics in Banking Market manufacturers involved in the market are IBM, Oracle, SAP SE, Microsoft, HP, Amazon AWS, Google, Hitachi Data Systems, Tableau, New Relic, Alation, Teradata, VMware, Splice Machine, Splunk Enterprise, Alteryx, Acquisitions and effective mergers are some of the strategies adopted by the Big Data Analytics in Banking Market manufacturers. New product launches and continuous technological innovations are the Big Data Analytics in Banking Market strategies adopted by the major players.

Latest Industry Updates:

IBM and Cisco have provided the Region of Madrid with the access, management and support of the Cisco Webex teleworking and collaboration tool, which offers simple and intuitive functionalities for e- education. The solution - already working since yesterday - connects teachers and students in real time. More than 100,000 teachers from the Madrid already have a personal account in the service to start virtual classes. All those teachers registered in EducaMadrid (in the 2019-2020 academic year) will be able to use the platform.

"At Cisco, all workers are committed to positively impacting the country with our collaboration and our technology. We want to help everyone benefit from digitization, especially in critical situations such as the current one", highlights Andreu Vilamitjana, CEO of Cisco Spain. "Through the Digitaliza program, we collaborate with the Administrations to guarantee the activity of companies, health centers and schools and help people preserve their health."

From IBM we want to contribute with our professionals, technology and knowledge in the collective effort to alleviate this health and social crisis. Our goal as a company is to create innovations that help society progress and improve, with technology always aimed at the common good. On this occasion, we are especially proud to be able to contribute, combining technology and professional volunteering, to reducing the impact of the COVID 19 crisis in our country", says Marta Martínez, IBM Spain, Portugal, Greece and Israel General Manager.

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Asia Pacific was a prominent market for Big Data Analytics in Bankings in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Big Data Analytics in Banking market in Asia Pacific.

There are several manufacturers of Big Data Analytics in Bankings in Europe and North America. In North America, the demand for Big Data Analytics in Bankings is primarily driven by the residential sector. Improved standards of living and rising usage of Big Data Analytics in Bankings for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Big Data Analytics in Banking Market Report 2020

1 Big Data Analytics in Banking Definition

2 Global Big Data Analytics in Banking Market Major Player Share and Market Overview

3 Major Player Big Data Analytics in Banking Business Introduction

4 Global Big Data Analytics in Banking Market Segmentation (Region Level)

5 Global Big Data Analytics in Banking Market Segmentation (Product Type Level)

6 Global Big Data Analytics in Banking Market Segmentation (Industry Level)

7 Global Big Data Analytics in Banking Market Segmentation (Channel Level)

8 Big Data Analytics in Banking Market Forecast 2020-2024

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BusinessindustryReports.com is digital database of comprehensive market reports for global industries. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined - we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.

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