Increased usage of BI software For a full, detailed list, view our report Key market challenge Data security, privacy, and migration issues For a full, detailed list, view our report Key market trend Increased investment in real-time architecture For a full, detailed list, view our report Key questions answered in this report What will the market size be in and what will the growth rate be? What are the key market trends? What is driving this market?
In contrast Western Europe will see the slowest growth, just 1. Ovum says that much of the spending is being driven by banks' determination to return to pre-recession revenue levels by investing in channel technology to boost customer trust and increase sales and servicing effectiveness.
Globally, online banking is expected to be the fastest growing area inwith spending rising 5. Retail banks will invest in these areas in parallel to investments in channel integration and customer information systems, an increase of 4.
This is due to the fact that technologies that allow "smarter" selling and servicing, such as customer analytics and customer data management, are expected to remain hot areas in the near future, claims Ovum. Another consequence of the economic crisis is increased spending on risk and compliance technology.
Global spending on various middle-office components based on these technologies, such as risk management, anti-fraud, compliance, and performance management, will experience growth of 4. Regulatory demands are also forcing banks to invest in their core systems as they seek to find new business models.
This will lead to an increase of core banking technology spending by 2.Banking Industry Outlook Six themes driving banking industry trends For and beyond, banks must contend with multiple challenges tied to regulations, legacy systems, disruptive models and technologies, new competitors, and a restive customer base while .
This report studies the global SMB IT Spending market, analyzes and researches the SMB IT Spending development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market, like Cisco Dell HP IBM Market . Nov 22, · metin2sell.com adds “Global Retail Banking IT Spending Market by Manufacturers, Regions, Type and Application, Forecast to ”new report to its research metin2sell.com report spread across in a pages with table and figures in it.
Retail Banking IT Spending is the IT products and services in the banking sector.
View Trends, Analysis and Statistics. metin2sell.com offers immediate download Latest Market Reports · Data-driven Decisions · Competitive Insights · Market OpportunitiesTypes: Market Statistics, Industry Insights, Market Overview, Industry Analysis.
Technavio’s market research analysts estimate the global retail banking market to grow at a CAGR of over 6% between and The market is primarily driven by the quick access to credit. The market is primarily driven by the quick access to credit.
Global Retail Banking IT Spending Market - Research Report, Demand, Price, By Application, Region and Forecast to