Now Available: Banking IT Spending Market in APEJ 2015-2019

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.

Full Report Details at
- http://www.fastmr.com/prod/1060711_banking_it_spending_apej.aspx?afid=301

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

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Banking IT Spending Market in APAC 2015-2019
- Global Retail Banking IT Spending Market 2014-2018
- Global Bank IT Spending Market 2014-2018
- Top ICT spenders in the Australian Retail Banking Industry; Estimated ICT budget breakdowns in 2015
- Top ICT spenders in the UK Retail Banking Industry; Estimated ICT budget breakdowns in 2015