Global Digital Transformation in BFSI Market: Emerging Trends, Major Key Players Alphasense Inc.

According to the report, The global Digital Transformation in the BFSI market size is expected to reach $214.64 Billion by 2028 growing at the CAGR of 18.26% from 2021 to 2028. Digital transformation is the most important and can be the driving force in the banking and financial services industry. transformation is the most important and can be the driving force in this industry. Therefore, most organizations are focusing on digital transformation. By shifting the business models away from traditional banking and into digital banking, the banks can cut their costs and improve the customer experience.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global DIGITAL TRANSFORMATION IN BFSI industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Digital Transformation in BFSI market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Digital Transformation in BFSI players holding highest market share include Alphasense Inc., Cognizant and FUJITSU. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Alphasense Inc.
● Cognizant
● FUJITSU
● Google, LLC
● HID Global Corporation
● International Business Machines Corporation
● Microsoft Corporation
● Oracle Corporation
● SAP SE.

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of DIGITAL TRANSFORMATION IN BFSI Market:
o Solution
o Service

Market Segment By Deployment Model with focus on market share, consumption trend, and growth rate of DIGITAL TRANSFORMATION IN BFSI Market:
o On-premise
o Cloud

Market Segment By Technology with a focus on market share, consumption trend, and growth rate of DIGITAL TRANSFORMATION IN BFSI Market:
o Artificial Intelligence
o Cloud Computing
o Blockchain
o Big Data and Business Analytics
o Cyber Security
o Other

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Global Digital Transformation in BFSI Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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