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Global Retail Banking IT Spending Market 2015-2019

Global Retail Banking IT Spending Market 2015-2019

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Retail Banking IT Spending 2015-2019

Technavio recognizes the following companies as the key players in the Global Retail Banking IT Spending: Dell, HP, IBM and Microsoft

Other Prominent Vendors in the market are: Accenture, Acer, ATOS, Capgemini, CGI, Cisco, Cognizant, CSC, EMC, FIS, Fujitsu, Genpact, HCL, Hitachi, iGATE, Infosys, Intel, JP Morgan, Misys, Netapp, Oracle, Polaris Software Lab, Ramco, SAP, Syntel, TCS, Temenos, Teradata, Unisys, Vmware, Wipro, and WNS.

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

According to the report, BI software is gaining prominence in the retail banking industry to turn raw data into useful information. Many mid- and low-tier retail banks worldwide have shifted to the usage of BI software while large banks have devoted considerable funding to BI software. It helps banks to gain insights into customer behavior and determine purchasing power. It also supports functions such as reporting, analytics, and data management.

Further, the report states that to adopt various technologies and enhance IT infrastructure requires huge amounts of investments. Hence, cost factor is one of the major challenges for this market.

Companies Mentioned

Dell, HP, IBM, Microsoft, Accenture, Acer, ATOS, Capgemini, CGI, Cisco, Cognizant, CSC, EMC, FIS, Fujitsu, Genpact, HCL, Hitachi, iGATE, Infosys, Intel, JP Morgan, Misys, Netapp, Oracle, Polaris Software Lab, Ramco, SAP, Syntel, TCS, 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 Retail banking IT spending
    • Market size and forecast
      • Table Global retail banking IT spending market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Table Global retail banking IT spending market by type 2014
    • Hardware IT spending
      • Table Hardware retail banking IT spending market 2014-2019 ($ billions)
    • Software IT spending
      • Table Software retail banking IT spending market 2014-2019 ($ billions)
    • Services IT spending
      • Table Services retail banking IT spending market 2014-2019 ($ billions)
  • Market segmentation by technology
    • Table Market segmentation by technology 2014
    • Advanced technology necessities in banking industry
      • Table Overview of Cloud Computing
      • Table Mobile penetration worldwide 2014
      • Table Social media penetration worldwide 2013-2016
  • Market segmentation by geography
    • Table Global retail banking IT spending market by region 2014
    • Americas market
      • Table Americas retail banking IT spending market 2014-2019 ($ billions)
      • Table Americas market segmentation by region 2014
    • EMEA market
      • Table EMEA retail banking IT spending market 2014-2019 ($ billions)
      • Table EMEA market segmentation by region 2014
    • APAC market
      • Table APAC retail banking IT spending market 2014-2019 ($ billions)
  • Market drivers
  • 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
    • Dell
    • HP
      • Table HP: Business segmentation by revenue 2014
      • Table HP: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table HP: Geographical segmentation by revenue 2014
    • IBM
      • Table IBM: Business segmentation in 2014
    • Microsoft
      • Table Microsoft: Business segmentation 2014 by revenue
      • Table Microsoft: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Microsoft: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviatios
  • Explore Technavio

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