Banking IT Market in China to 2018: Big Data Analytics is one of the Major Trends Analyzed in New Research Report at ReportsnReports.com
Dallas, Texas (PRWEB) September 26, 2014 -- One of the major trends in the market is increased adoption of big data analytics in the Banking sector. This software is helpful in acquiring market insight and managing big transaction details to enhance the customer experience.
Analysts forecast the Banking IT market in China to grow at a CAGR of 11.39 percent over the period 2013-2018. According to the report, one of the key drivers in the growth of the market is increased accessibility of mobile and online banking. Increasing numbers of internet and smartphone users boost the demand for easy-to-use banking and online payment services in China. With the increase in security measures, exceptional user interface, customer support, reasonable service charges, and consumer awareness, consumers are increasingly accessing banking applications through third generation mobile phones that are leveraged by banks to increase revenues, reduce operational costs, and attract new customers.
In today’s information age, business framework needs new capabilities in banking for success. IT has been changing the way organizations control and run their business and participate in various markets. IT has significantly improved the productivity of the Banking sector in the fields of customer relationship management, enterprise resource planning, and employee productivity. The Banking sector in China is highly dependent on IT that helps access, store, transmit, and manipulate information with a high degree of accuracy and least redundancy. As a result, banks in China are aggressively adopting IT to optimize their business processes and enhancing the performance.
The report covers the present scenario and the growth prospects of the Banking IT market in China for the period 2014-2018. The market can be segmented into three: Hardware, Software, and IT services. The report also discusses about the major end-users of the Banking IT market in China.
The Banking IT Market in China 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Banking IT market in China and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Banking IT Market in China: Accenture plc, Digital China Holdings Ltd. and IBM Corp.
Other Prominent Vendors in the market are: CSC, Global Infotech Holdings, Hi Sun Technology Holdings, Hundsun Technology, SAP and TCS.
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Market Driver
• Increased Adoption of Business Intelligence (BI) Software in Retail Banking
• For a full, detailed list, view our report
Market Trend
• High Adoption of Digital Banking and Mobile Payments
• For a full, detailed list, view our report
Further, the report states that the relatively low penetration rate of cloud computing in the Banking sector is one of the key challenges in the Banking IT market in China. Concern over data security is the primary reason some prominent and medium-sized banks have been hesitant to use external cloud services.
Key Questions Answered in this Report
• What will the market size be in 2018 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?
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Market Segmentation: Banking IT Market in China
Exhibit 3: Banking IT market Size in China 2013-2018
Exhibit 4: Segmentation of Banking IT Market in China 2013
Exhibit 5: Segmentation of Banking IT market in China 2013-2018
Exhibit 6: Banking IT hardware market in China 2013-2018
Exhibit 7: Banking IT Software Market in China 2013-2018
Exhibit 8: Banking IT Services Market in China 2013-2018
Exhibit 9: Banking IT Market in china by End-users 2013
Exhibit 10: Banking IT Market in china by End-businesses 2013
Exhibit 11: Accenture: Business Segmentation by Revenue 2013
Exhibit 12: Accenture: Business Segmentation by Revenue 2012 and 2013 (US$ million)
Exhibit 13: Accenture: Geographical Segmentation by Revenue 2013
Exhibit 14: Business Segmentation of IBM Corp.
Exhibit 15: Revenue Segmentation of IBM Corp. 2013
Exhibit 16: Revenue Segmentation of IBM Corp. 2013
Exhibit 17: Revenue Comparison of Business Segments 2012 and 2013 (US$ million)
Exhibit 18: Revenue Segmentation of IBM Corp. by Geography 2013
Exhibit 19: Digital China: Business Segmentation by Revenue 2013
Exhibit 20: Digital China: Revenue Comparison (US$ million)
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Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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