Global Retail Banking It Spending Market 2024-2028
The retail banking it spending market is forecasted to grow by USD 13576.6 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the retail banking it spending market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for greater customer satisfaction, increased efficiency in banking operations, and rise in autonomous banking.
Technavio's retail banking it spending market is segmented as below:
By Type
- IT services
- IT hardware
- IT software
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the incorporation of analytics into third-party banking software as one of the prime reasons driving the retail banking it spending market growth during the next few years. Also, rise of blockchain as a service in bsfi and rise in cloud-based solutions in retail banking will lead to sizable demand in the market.
The report on the retail banking it spending market covers the following areas:
- Retail banking it spending market sizing
- Retail banking it spending market forecast
- Retail banking it spending market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail banking it spending market vendors that include Accenture Plc, Atos SE, Capgemini Service SAS, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Fidelity National Information Services Inc., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hitachi Ltd., HP Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., SAP SE, Wipro Ltd., and WNS Holdings Ltd.. Also, the retail banking it spending market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.