Financial Services Application Market worth $103.66 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) March 19, 2015 -- The research report “Financial Services Application Market” defines the global market based on various software, service types, deployment types and user types with an in-depth analysis and forecasting of market sizes.
Browse 70 market data tables and 56 figures spread through 142 pages and in-depth TOC on “Financial Services Application Market"
http://www.marketsandmarkets.com/Market-Reports/financial-service-application-market-132791751.html
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Financial services applications provide automation to various functions to the global financial sector. These functions include Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience and Enterprise IT. Global financial services applications help in automating the analysis of large chunks of quantified data. This analysis helps in drafting organizational strategies and strategic decision making. Global financial services applications also help the end user to plan and invest in a secured and efficient way. The major vendors of the global financial services application market are Accenture, FIS, FISERV, IBM Corporation, Infosys, Oracle, SAP AG and TCS.
MarketsandMarkets broadly segments the global financial services applications market into following sub segments:
1) Regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
2) Software: Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience and Enterprise IT.
3) Deployment Types: on-premises and hosted; by service types: consulting services, integration services, training and support services and operation and maintenance services.
MarketsandMarkets forecasts the global financial services application market to grow from $66.92 billion in 2014 to $103.66 billion by 2019 at a CAGR of 9.1%. In terms of regions, NA is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction during the forecast period.
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