London, UK (PRWEB) March 12, 2015
Currently, IT services in the BFSI sector are gaining momentum in India on the back of introduction of regulatory frameworks related to the BFSI sector. For instance, RBI, a local regulatory authority, issued a guiding principle where it describes requirements for information security management, technology risk management, electronic banking, and more.
Growing smartphone usage in the country encourages an increase in demand for mobile banking, thus leading to the growth of investment in mobile applications. An increase in demand for virtualization and adoption of cloud computing is another market trend. Besides, adoption of geographic information systems (GIS) applications in daily operations becomes increasingly popular among BFSI players.
However, concerns associated with security issues and a lack of awareness of advances technologies may pose a challenge to the market growth.
Some of the key market players comprise: Wipro, IBM, TCS, HP, to name a few.
The Indian BFSI IT market is likely to grow at a relatively high CAGR of more than 14% over the period 2014-2019.
New research report “BFSI IT Market in India 2015-2019” developed by Infiniti Research is now available at MarketPublishers.com.
Title: BFSI IT Market in India 2015-2019
Published: March, 2015
Price: US$ 2,500.00
The report provides a comprehensive guide to the BFSI IT market in India. It contains a detailed overview of the market and products offerings. The study includes an overview of the local IT market and its five forces analysis. The report describes IT risks involved in the BFSI sector and risk expenditures for the same. The research study explores market growth drivers, trends and challenges and investigates their impact. The report examines the competitive landscape and profiles top vendors. The study also comprises future development forecast for the market.
- a thorough overview of the market;
- an analysis of market segments;
- a discussion of risks involved in the local BFSI sector;
- information on forces impacting the marketplace;
- coverage of the vendor landscape;
- future development outlook;
- and more.
More new reports by the publisher can be found at Infiniti Research page.