About retail banking IT spending
The demand for IT products and services is growing in the banking sector because of a shift in the methodology of performing banking functions. Several banks are increasing their IT expenditure to offer improved services to customers and improve brand loyalty. Apart from spending on core hardware, software, and services, retail banks spend on a number of emerging technologies such as core banking, analytical technologies, internal operations, online banking, mobile banking, and channel management.
Over the past five years, cyber-attacks have significantly increased across the banking domain. During this period, the adoption of cloud computing also grew at a significant pace in the retail banking sector. To safeguard customers, many banks across the globe have started to increase their spending on risk management. It is a top priority for the banking sector to comply with security and confidentiality measures set by IT security regulators for offering services on the cloud.
Technavio's analysts forecast the global retail banking IT spending market to grow at a CAGR of 4.66% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global retail banking IT spending market for 2015-2019. To calculate the market size, the report considers revenue generated from
• Hardware
• Services
• Software
The market is divided into the following segments based on technology:
• Analytical technologies
• Channel management
• Core banking
• Internal operations
• Mobile banking
• Online banking
Technavio's report, Global Retail Banking IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers America, EMEA, and APAC; it also covers the landscape of the global retail banking IT spending market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key vendors
• Dell
• HP
• IBM
• Microsoft
Other prominent vendors
• Accenture
• Acer
• ATOS
• Capgemini
• CGI Group
• Cisco Systems
• Cognizant
• CSC
• EMC
• FIS
• Fujitsu
• Genpact
• HCL Technologies
• Hitachi
• iGATE Global Solutions
• Infosys
• Intel
• JP Morgan
• Misys
• Netapp
• Oracle
• Polaris Software Lab
• Ramco Systems
• SAP
• Syntel
• TCS
• Temenos
• Teradata
• Unisys
• Vmware
• Wipro Technologies
• WNS Global Services
Key market driver
• 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 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by type
Hardware IT spending
Software IT spending
Services IT spending
PART 07: Market segmentation by technology
Advanced technology necessities in banking industry
PART 08: Market segmentation by geography
Americas market
EMEA market
APAC market
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Competitive scenario
Key major vendors
Other prominent vendors
PART 15: Key vendor analysis
Dell
HP
IBM
Microsoft
PART 16: Appendix
List of abbreviatios
PART 17: Explore Technavio
List of Exhibits
Exhibit 01: Product and services offerings
Exhibit 02: Retail banking IT spending
Exhibit 03: Global retail banking IT spending market 2014-2019 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global retail banking IT spending market by type 2014
Exhibit 06: Hardware retail banking IT spending market 2014-2019 ($ billions)
Exhibit 07: Software retail banking IT spending market 2014-2019 ($ billions)
Exhibit 08: Services retail banking IT spending market 2014-2019 ($ billions)
Exhibit 09: Market segmentation by technology 2014
Exhibit 10: Overview of Cloud Computing
Exhibit 11: Mobile penetration worldwide 2014
Exhibit 12: Social media penetration worldwide 2013-2016
Exhibit 13: Global retail banking IT spending market by region 2014
Exhibit 14: Americas retail banking IT spending market 2014-2019 ($ billions)
Exhibit 15: Americas market segmentation by region 2014
Exhibit 16: EMEA retail banking IT spending market 2014-2019 ($ billions)
Exhibit 17: EMEA market segmentation by region 2014
Exhibit 18: APAC retail banking IT spending market 2014-2019 ($ billions)
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: HP: Business segmentation by revenue 2014
Exhibit 22: HP: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 23: HP: Geographical segmentation by revenue 2014
Exhibit 24: IBM: Business segmentation in 2014
Exhibit 25: Microsoft: Business segmentation 2014 by revenue
Exhibit 26: Microsoft: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 27: Microsoft: Geographical segmentation by revenue 2014