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Banking IT Spending Market in APEJ 2015-2019

Banking IT Spending Market in APEJ 2015-2019

About banking IT spending

Banking enterprises across APEJ have become increasingly dependent on various advanced technologies, and various IT products and services to run their business and drive revenue growth. This trend is expected to intensify, with the role of IT becoming vital and directly contributing to the organization’s agenda.

Banks across the globe are adopting IT solutions to optimize business processes and enhance performance. The implementation of IT in the banking sector has changed the way banks operate. The banking IT spending market in APEJ includes expenditure on IT infrastructure by banks. The market is divided into the Retail Banking, Corporate Banking, And Other Banking Sectors. The banking IT spending market in APEJ is growing at a rapid pace and has the potential for more growth in the future. Several banks are increasing their IT expenditure to.

Lack of awareness about advanced technologies, coupled with growing security concerns, has had an impact on the adoption of advanced technologies among banking firms in APEJ. Emergence of various advanced technologies including social networking, cloud-based services, and big data systems have made businesses more vulnerable to cyber-attacks across APEJ. Notwithstanding the above, many banking firms have started to adopt a variety of technologies as per their needs to enhance overall process efficiency, boost revenue, offer improved services to customers, and improve brand loyalty.

Technavio's analysts forecast the banking IT spending market in APEJ to grow at a CAGR of 8.27% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the banking IT spending market in APEJ for the period of 2015-2019. To calculate the market size, the report considers revenue generated through:

  • Hardware
  • Software
  • Services
The market is divided into the following segments based on end-users:
  • Retail banking
  • Corporate banking
  • Others (including capital markets, dealing, brokerage, and investment banking)
The report also provides a brief overview of various technologies used, such as:
  • Cloud computing
  • Big data
  • Mobility
  • Social media
Technavio's report, Banking IT Spending Market in APEJ 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the banking IT spending market in APEJ and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.Key vendors
  • Fujitsu
  • HP
  • IBM
  • Oracle
  • TCS
Other prominent vendors
  • 3i Infotech
  • Accenture
  • Acer
  • Aegis
  • Atom Technologies
  • Capgemini
  • CGI Group
  • Cisco Systems
  • CMS Infosystems
  • Cognizant
  • CSC
  • Dell
  • Diebold
  • Fidelity National Information Services (FIS)
  • Firstsource Solutions
  • Fiserv
  • Genpact India
  • HCL Technologies
  • Hitachi
  • iGATE Global Solutions
  • Infosys
  • Intel
  • JP Morgan
  • KPIT Technologies
  • L&T Infotech
  • Logica
  • Maverick Technologies
  • Microsoft
  • MindTree
  • Misys
  • Mphasis
  • Netapp
  • Newgen
  • Nucleus Software
  • Polaris Software Lab
  • Ramco Systems
  • Robert Bosch Engineering and Business Solutions
  • SAP
  • Syntel
  • Tally
  • Tech Mahindra
  • Temenos
  • Teradata
  • Unisys
  • Vmware
  • Wipro Technologies
  • WNS Global Services
Market driver
  • Increased need for customer-centric core banking facilities
  • For a full, detailed list, view our report
Market challenge
  • Data security, privacy, and migration issues
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Banking IT Spending in APEJ 2015-2019

Technavio recognizes the following companies as the key players in the Banking IT Spending in APEJ: Fujitsu, HP, IBM, Oracle and TCS

Other Prominent Vendors in the market are: 3i Infotech, Accenture, Acer, Aegis , Atom Technologies, Capgemini, CGI, Cisco, CMS, Cognizant, CSC , Dell, Diebold, Fidelity National Information Services (FIS), Firstsource, Fiserv, Genpact, HCL, Hitachi, iGATE Global Solutions, Infosys, Intel, JP Morgan, KPIT Technologies , L&T, Logica, Maverick Technologies, Microsoft, MindTree, Misys, Mphasis, Netapp, Newgen, Nucleus Software, Polaris Software Lab, Ramco Systems, Bosch, SAP, Syntel, Tally, Tech Mahindra, Temenos, Teradata, Unisys, Vmware, Wipro, and WNS.

Commenting on the report, an analyst from Technavio’s team said: “As customers are increasingly demanding real-time solutions, many banking firms are focusing on moving to agile and event-driven architectures in APEJ market. Mobile technology and social media are providing a cumulative number of sources for real-time data that can be leveraged by bank to gain a competitive advantage in the market.”

According to the report, many banking companies are investing substantial amount of time and capital on IT risk management systems to identify and mitigate problems such as growing incidences of data theft, hacking, and cyber attacks.

Further, the report states that cost factor is one of the major challenges faced by this market. Implementing various technologies and enhancing IT infrastructure require huge amount of investments.

Companies Mentioned

Fujitsu, HP, IBM, Oracle, TCS ,3i Infotech, Accenture, Acer, Aegis , Atom Technologies, Capgemini, CGI, Cisco, CMS, Cognizant, CSC , Dell, Diebold, Fidelity National Information Services (FIS), Firstsource, Fiserv, Genpact, HCL, Hitachi, iGATE Global Solutions, Infosys, Intel, JP Morgan, KPIT Technologies , L&T, Logica, Maverick Technologies, Microsoft, MindTree, Misys, Mphasis, Netapp, Newgen, Nucleus Software, Polaris Software Lab, Ramco Systems, Bosch, SAP, Syntel, Tally, Tech Mahindra, Temenos, Teradata, Unisys, Vmware, Wipro, WNS.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product and services offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Banking IT spending market in APEJ
    • Market size and forecast
      • Table Banking IT spending market in APEJ 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Table Banking IT spending market in APEJ by end-users 2014
    • Retail banking IT spending
      • Table Retail banking IT spending market in APEJ 2014-2019 ($ billions)
    • Corporate banking IT spending
      • Table Corporate banking IT spending market in APEJ 2014-2019 ($ billions)
    • Other banking IT spending
      • Table Other banking IT spending market in APEJ 2014-2019 ($ billions)
  • Market segmentation by type
    • Table Banking IT spending market in APEJ by type 2014
    • Table Banking IT spending market in APEJ by type 2014-2019
    • Hardware IT spending
      • Table Hardware IT spending market in APEJ 2014-2019 ($ billions)
    • Software IT spending
      • Table Software IT spending market in APEJ 2014-2019 ($ billions)
    • Services IT spending
      • Table Services IT spending market in APEJ 2014-2019 ($ billions)
  • Technology necessities in banking industry
    • Cloud computing
      • Table Overview of cloud computing
    • Big data and analytics
    • Mobility in banking industry
      • Table Number of mobile phones users across APEJ 2014 and 2015 (in millions)
    • Social media in banking industry
  • Market drivers
    • Table Banking penetration in APEJ 2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Fujitsu
    • HP
    • IBM
    • Oracle
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Geographical segmentation by revenue 2014
    • TCS
  • Appendix
    • List of abbreviations
  • Explore Technavio

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