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BFSI IT Market in India 2015-2019

BFSI IT Market in India 2015-2019

About BFSI IT

IT can be defined as an integrated platform consisting of hardware, software, and services. Organizations have IT departments that are responsible for storing, safeguarding, processing, transmitting, and retrieving information. IT enables a smooth flow of information across an organization. IT departments manage all IT-related services, software, and solutions, and integrate and streamlet them with various processes to facilitate a smooth flow of organizational information. They also help organizations align their business processes with various technologies to improve overall efficiency.

TechNavio's analysts forecast the BFSI IT Market in India to grow at a CAGR of 14.15 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the BFSI IT market in India for the period 2015-2019. The BFSI IT market in India is categorized by three main segments: Hardware, Software, and IT Services.

TechNavio's report, BFSI IT Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and also includes the profiles of key vendors operating in this market.

Key Vendors

  • HP
  • IBM
  • Oracle
  • Polaris
  • TCS
  • Wipro
Other Prominent Vendors
  • 3i Infotech
  • Accenture
  • Acer
  • Aegis
  • Atom Technologies
  • Capgemini India
  • Cisco Systems
  • CMS Infosystems
  • CSC
  • Dell
  • Diebold
  • Firstsource Solutions
  • Genpact India
  • HCL Technologies
  • Hitachi
  • iGATE Global Solutions
  • JP Morgan
  • KPIT Technologies
  • L&T Infotech
  • Maverick Technologies
  • Microsoft
  • MindTree
  • Mphasis
  • Netapp
  • Newgen
  • Nucleus Software
  • Ramco Systems
  • Robert Bosch Engineering and Business Solutions
  • SAP
  • Serco Global Services
  • Syntel
  • Tally
  • Tech Mahindra
  • Vmware
  • WNS Global Services
  • Wolters Kluwer
Market Driver
  • Increase in Regulatory Policies
  • For a full, detailed list, view our report
Market Challenge
  • Lack of Awareness about Advanced Technology and Rising Security Issues
  • For a full, detailed list, view our report
Market Trend
  • Increased Adoption of Cloud Computing and Virtualization
  • 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?


Press Release

TechNavio Announces the Publication of its Research Report – BFSI IT Market in India 2015-2019

TechNavio recognizes the following companies as the key players in the BFSI IT Market in India: HP Corp., IBM Corp., Oracle Corp., Polaris, TCS Ltd. and Wipro Ltd.

Other Prominent Vendors in the market are: 3i Infotech, Accenture, Acer, Aegis, Atom Technologies, Capgemini India, Cisco Systems, CMS Infosystems, CSC, Dell, Diebold, Firstsource Solutions, Genpact India, HCL Technologies, Hitachi, iGATE Global Solutions, JP Morgan, KPIT Technologies, L&T Infotech, Maverick Technologies, Microsoft, MindTree, Mphasis, Netapp, Newgen, Nucleus Software, Ramco Systems, Robert Bosch Engineering and Business Solutions, SAP, Serco Global Services, Syntel, Tally, Tech Mahindra, Vmware, WNS Global Services and Wolters Kluwer.

Commenting on the report, an analyst from TechNavio’s team said: “Increased adoption of cloud computing and virtualization by Banking, Financial Services and Insurance (BFSI) firms has become one of the major trends in the market. Financial institutions are cutting their capital investment and costs associated with maintenance, security and infrastructure by moving their IT infrastructures to the cloud.”

According to the report, stringent regulatory framework is one of the major drivers that has increased the need for enhancement of compliance functions among organizations in the BFSI sector in India. Many financial institutions have established in-house software testing services in order to meet regulatory requirements, which has increased their operational costs.

Further, the report states that lack of awareness of advanced technologies and rising security issues has become a major challenge in the market. The emergence of social networking, cloud-based services and big data systems has also made business enterprises more vulnerable to cyber-attacks in India.

Companies Mentioned

HP , IBM , Oracle , Polaris, TCS, Wipro  , 3i Infotech, Accenture, Acer, Aegis , Atom Technologies, Capgemini India, Cisco Systems, CMS Infosystems, CSC , Dell, Diebold, Firstsource Solutions , Genpact India , HCL Technologies , Hitachi, iGATEGlobal Solutions, JP Morgan, KPIT Technologies , L&T Infotech, Maverick Technologies , Microsoft, MindTree , Mphasis, Netapp, Newgen, Nucleus Software, Ramco Systems, Robert Bosch Engineering and Business Solutions , SAP, SercoGlobal Services, Syntel, Tally, Tech Mahindra , Vmware, WNS Global Services , Wolters Kluwer

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
      • Table Segmentation of BFSI IT Market in India
    • Market Size and Forecast
      • Table BFSI IT Market in India 2014-2019 (US$ billion)
  • Overview of IT Market in India
    • Table IT Market in India 2013-2018 (US$ billion)
    • Five Forces Analysis
  • Market Segmentation by Product
    • Table BFSI IT Market in India by Product 2014
    • Table BFSI IT Market in India by Product 2014-2019
    • BFSI IT Hardware Market in India
      • Market Size and Forecast
        • Table BFSI IT Hardware Market in India 2014-2019 (US$ billion)
    • BFSI IT Software Market in India
      • Market Size and Forecast
        • Table BFSI IT Software Market in India 2014-2019 (US$ billion)
    • BFSI IT Services Market in India
      • Market Size and Forecast
        • Table BFSI IT Services Market in India 2014-2019 (US$ billion)
  • Risks Involved in BFSI Sector
    • IT Risks in Business Operations
      • Table IT Risks in Business Operations
    • Risk Expenditures Involved in BFSI Sector
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
    • Table Social Media Score for Indian Banks 2014
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Key Vendors in BFSI IT Market in India
    • Other Prominent Vendors
      • 3i Infotech
      • Accenture
      • Acer
      • Atom Enterprises
      • Capgemini
      • Cisco Systems
      • CSC
      • Dell
      • HCL Technologies
      • Hitachi
      • JP Morgan
      • Microsoft
      • Netapp
      • SAP
      • VMware
  • Key Vendor Analysis
    • HP
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table HP: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table HP: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table HP: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • IBM
      • Key Facts
      • Business Description
      • Business Segmentation
        • Table IBM: Business Segmentation
      • Revenue Segmentation by Business Segment
        • Table IBM: Revenue Segmentation by Business 2013
      • Revenue Segmentation by Business Operation
        • Table IBM: Revenue Segmentation 2013
      • Revenue Comparison of Business Segments 2012 and 2013
        • Table IBM: Revenue Comparison of Business Segments 2012 and 2013 (US$ million)
      • Revenue Segmentation by Geography
        • Table IBM: Revenue Segmentation by Geography 2013
      • Business Strategy
      • Key Developments
      • SWOT Analysis
    • Oracle
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Oracle: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Oracle: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Oracle: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Polaris
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Polaris: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Polaris: Business Segmentation by Revenue 2013 and 2014 (US$ billion)
      • Geographical Segmentation by Revenue 2014
        • Table Global Commercial Aircraft Seating Market 2015-2019: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • TCS
      • Key Facts
      • Business Overview
      • Revenue by Business Segmentation 2013
        • Table TCS: Revenue by Business Segmentation 2013
      • Revenue by Business Segmentation 2012 and 2013
        • Table TCS: Revenue by Business Segmentation 2012 and 2013 (US$ billion)
      • Revenue by Geographical Segmentation 2013
        • Table TCS: Revenue by Geographical Segmentation 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Wipro
      • Key Facts
      • Business Overview
      • Revenue by Business Segmentation 2014
        • Table Wipro: Revenue by Business Segmentation 2014
      • Revenue by Business Segmentation 2013 and 2014
        • Table Wipro: Revenue by Business Segmentation 2013 and 2014 (US$ billion)
      • Revenue by Geographical Segmentation 2014
        • Table Wipro: Revenue by Geographical Segmentation 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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