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China Banking Industry IT Solutions Forecast, 2016-2020

China Banking Industry IT Solutions Forecast, 2016-2020

China's banking industry is facing three major challenges — economic slowdown, interest rate liberalization reform, and internet finance, accompanied by dramatic changes in the banking business environment. Digital transformation has become an irreversible trend in the industry. As bank customers improve their management sophistication with changing needs for banking IT solutions, China's banking industry IT solutions market will step into a period of consolidation while maintaining stable growth. Specialized services will remain a major trend in the market and solutions delivery will shift from the software plus service model to a service-dominated model. IT solutions providers are advised to continuously build their expertise, capabilities, and process standardization, says Frank Fang, senior research manager, Vertical Industry Research and Consulting, IDC China.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Industry Development Trend
Key IT Application Demands in the China Banking Industry
Strengthening Risk Control Requires Better IT Support
Interest Rate Liberalization Requires Commercial Banks to Perform Refined Management
Commercial Banks Actively Embrace the Internet and Speed Up Innovation
Banks' Demand for Core Business System Upgrading Continues to Boom
Mobile Finance Reshapes the eBanking Landscape and Speeds Up Innovation
Big Data Application Scenarios Will Be Increasingly Enriched and Banks Need to Strengthen Their IT Infrastructure Optimization
Cloud Computing Enters the Fast Growth Lane and Demands for Cloud Services
China Banking Industry IT Solutions Market Development Trend
China Banking Industry Overall IT Market Development Trend
China Banking Industry Overall IT Solutions Market Forecast
China Banking Industry IT Solutions Market Regional Distribution
China Banking Industry IT Solutions Submarket Forecast for the Next Five Years
Solution Submarkets Development Status and Forecast
The Business Solutions Market Development Trend
Future Development Trend
Business Solutions Overall Market Size Forecast
Business Solutions Submarket Sizes
The Channel Solutions Market Development Trend
Future Development Trend
Market Size Forecast
Submarket Size Forecast
Management Solutions Market Development Trend
Future Development Trend
Management Solutions Overall Market Size Forecast
Management Solutions Submarket Size Forecast
Market Context
Drivers and Inhibitors
Drivers
Macroeconomic Downturn
Interest Rate Liberalization
Impact of Internet Finance
Regulatory Intensification and Risk Prevention
Inhibitors
IT Budget Tightening
Significant Market Developments
Interest Rate Liberalization Basically Completed
"Internet+" Initiative Comprehensively Upgraded
Deposit Insurance System Put Into Operation
Private Banks on Fast Lane of Development
Changes from Prior Forecast
Market Definition
Regional Market Definitions
IT Hardware and Network Equipment Definitions
Solution Definitions
Definition of Banking IT Solutions
Methodology
Related Research

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