HOME Top Market Reports Financial Services Application Market by Software (Audit, Risk & Compliance, BI & Analytics, Business Transaction Processing, Customer Experience, Enterprise IT), by Services, by Deployment, by Users & Region - Global Forecast to 2019

Financial Services Application Market by Software (Audit, Risk & Compliance, BI & Analytics, Business Transaction Processing, Customer Experience, Enterprise IT), by Services, by Deployment, by Users & Region - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: TC 3229

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Financial Services have become backbone of each country throughout the global. Financial Services is an indicator about the Socio-Economic health of the country. With the growing effect of globalization, financial services application providers face an uphill task to provide the end users with applications that are compliant, risk free and data driven. Organizations need to transform themselves from traditional product based firms to "Customer In" firms. To achieve this transformation, digitization of financial services, evolution & development of consumer centric processes and concentration on core competencies is necessary. This fact is expected to influence the growth of the financial services application market.

Global Financial Services Application market simply enables the organization to use the financial data with the help of software to plan, optimize operations and discover new opportunities. With increase in the magnitude of financial transactions, it is important to automate these processes with the help of software applications. Moreover, organizations these days are concentrating on the areas of Audit, Risk & Compliance Management, BI & Analytics Applications, and Customer Experience among others. With changing economic and regulatory environment an increased need to shift from traditional policies has been observed.

This Financial Services Application Market report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, challenges, and best practices in the Banking, Financial Services and Insurance market. The report also examines growth potential market sizes and revenue forecasts across different regions.

Global Financial Services Application is a broad study of the global market and forecasts the market sizes and trends in the following sub-segments.

Global market size by software:

  • Audit, Risk & Compliance Management
  • BI & Analytics Applications
  • Business Transaction Processing
  • Customer Experience
  • Enterprise IT

Global market size by service:

  • Consulting Services
  • Integration Services
  • Training & Support Services
  • Operations and Maintenance Services

Global market size by deployment type:

  • On-premise
  • Hosted

Global market size by user type:

  • SMB’s
  • Enterprises

Global market size by regions:

  • North America (NA)
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America (LA)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Limitations
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Market Share Estimation
           2.3.1 Key Data From Secondary Sources
           2.3.2 Key Data From Primary Sources
           2.3.3 Assumptions
           2.3.4 Key Industry Insights

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities
    4.2 FSA Market: Top Three Services
    4.3 Global FSA Market
    4.4 FSA Market Potential
    4.5 FSA Regional Market
    4.6 Global FSA Market, By Software (2014–2019)
    4.7 Lifecycle Analysis, By Region 2014

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 FSA Market, By Software
           5.2.2 FSA Market, By Services
           5.2.3 FSA Market, By Deployment Type
           5.2.4 FSA Market, By User Type
           5.2.5 FSA Market, By Region
    5.3 Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Emergence of Digital Channels for Banking
                    5.4.1.2 Enhanced Focus on Customer Experience
                    5.4.1.3 Surging Demand for Workforce Optimization Solutions
           5.4.2 Restraints
                    5.4.2.1 High Cost of Deployment
                    5.4.2.2 Adhering to Different Political Factors and Regulatory Compliances
           5.4.3 Opportunity
                    5.4.3.1 It Expenditure Driven By Big Data, Mobility, and Cloud Technologies
           5.4.4 Challenge
                    5.4.4.1 Low Consumer and Investor Confidence

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat From New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Financial Services Application Market Analysis, By Software (Page No. - 43)
    7.1 Introduction
    7.2 Audit, Risk, and Compliance Management
    7.3 BI and Analytics Applications
    7.4 Business Transaction Processing
    7.5 Customer Experience
    7.6 Enterprise IT

8 Financial Services Application Market Analysis, By Services (Page No. - 55)
    8.1 Introduction
    8.2 Consulting Services
    8.3 Integration Services
    8.4 Training and Support Services
    8.5 Operations and Maintenance

9 Financial Services Application Market Analysis, By Deployment Type (Page No. - 61)
    9.1 Introduction
    9.2 On-Premises
    9.3 Hosted

10 Financial Services Application Market Analysis, By User Type (Page No. - 67)
     10.1 Introduction
     10.2 SMB
     10.3 Enterprises

11 FSA Market Analysis, By Region (Page No. - 73)
     11.1 Introduction
     11.2 North America (NA)
     11.3 Europe
     11.4 Asia-Pacific (APAC)
     11.5 Middle East and Africa (MEA)
     11.6 Latin America (LA)

12 Competitive Landscape (Page No. - 85)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 New Product Developments
             12.2.2 New Contracts
             12.2.1 Agreements, Partnerships, and Collaborations
             12.2.2 Mergers and Acquisitions

13 Company Profiles (Page No. - 105)
(Overview, Products & Services, Strategies & Insights, Developments and MNM View)*
     13.1 Introduction
     13.2 Accenture
     13.3 IBM Corporation
     13.4 Oracle Corporation
     13.5 SAP SE
     13.6 TCS
     13.7 FIS
     13.8 FIServ, Inc.
     13.9 Infosys
     13.1 Misys
     13.11 Temenos

*Details on Overview, Products & Services, Strategies & Insights, Developments and MNM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 134)
     14.1 Industry Excerpts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (70 Tables)

Table 1 Global Financial Services Application Market Size and Growth Rate, 2012–2019 ($Million, Y-O-Y %)
Table 2 Emergence of Digital Channels for Banking is Propelling the Growth of the FSA Market
Table 3 Different Political Factors and Regulatory Compliances Hinder the Growth of the FSA Market
Table 4 Expenditure on Emerging Technologies is the Key Opportunity in the FSA Market
Table 5 Low Consumer and Investor Confidence is the Major Challenge for the FSA Market
Table 6 Financial Services Application Market Size, By Software, 2012–2019 ($Million)
Table 7 Audit, Risk, and Compliance Management: FSA Market Size, By Deployment Type, 2012–2019 ($Million)
Table 8 Audit, Risk, and Compliance Management: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 9 Audit, Risk, and Compliance Management: FSA Market Size, By Region, 2012–2019 ($Million)
Table 10 BI and Analytics Application: FSA Market Size, By Deployment Type, 2012–2019 ($Million)
Table 11 BI and Analytics Application: Financial Services Application Market Size, By User Type, 2012–2019 ($Million)
Table 12 BI and Analytics Application: FSA Market Size, By Region, 2012–2019 ($Million)
Table 13 Business Transaction Processing: FSA Market Size, By Deployment Type, 2012–2019 ($Million)
Table 14 Business Transaction Processing: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 15 Business Transaction Processing: FSA Market Size, By Region, 2012–2019 ($Million)
Table 16 Customer Experience: Financial Services Application Market Size, By Deployment Type, 2012–2019 ($Million)
Table 17 Customer Experience: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 18 Customer Experience: FSA Market Size, By Region, 2012–2019 ($Million)
Table 19 Enterprise It: Financial Services Application Market Size, By Deployment Type, 2012–2019 ($Million)
Table 20 Enterprise It: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 21 Enterprise It: FSA Market Size, By Region, 2012–2019 ($Million)
Table 22 FSA Market Size, By Services, 2012–2019 ($Million)
Table 23 Consulting Services: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 24 Consulting Services: FSA Market Size, By Region, 2012–2019 ($Million)
Table 25 Integration Services: Financial Services Application Market Size, By User Type, 2012–2019 ($Million)
Table 26 Integration Services: FSA Market Size, By Region, 2012–2019 ($Million)
Table 27 Training and Support Services: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 28 Training and Support Services: FSA Market Size, By Region, 2012–2019 ($Million)
Table 29 Operations and Maintenance Services: Market Size, By User Type, 2012–2019 ($Million)
Table 30 Operations and Maintenance Services: FSA Market Size, By Region, 2012–2019 ($Million)
Table 31 FSA Market Size, By Deployment Type, 2012–2019 ($Million)
Table 32 On-Premises: Financial Services Application Market Size, By User Type, 2012–2019 ($Million)
Table 33 On-Premises: FSA Market Size, By Region, 2012–2019 ($Million)
Table 34 Hosted: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 35 Hosted: FSA Market Size, By Region, 2012–2019 ($Million)
Table 36 Financial Services Application Market Size, By User Type, 2012–2019 ($Million)
Table 37 SMB: FSA Market Size, By Region, 2012–2019 ($Million)
Table 38 SMB: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 39 Enterprises: FSA Market Size, By Region, 2012–2019 ($Million)
Table 40 Enterprises: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 41 FSA Market Size, By Region, 2012–2019 ($Million)
Table 42 NA: Market Size, By Solution, 2012–2019 ($Million)
Table 43 NA: FSA Market Size, By Services, 2012–2019 ($Million)
Table 44 NA: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 45 NA: Market Size, By Deployment Type, 2012–2019 ($Million)
Table 46 NA: FSA Market Size, By Software, 2012–2019 ($Million)
Table 47 Europe: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 48 Europe: FSA Market Size, By Services, 2012–2019 ($Million)
Table 49 Europe: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 50 Europe: Market Size, By Deployment Type, 2012–2019 ($Million)
Table 51 Europe: FSA Market Size, By Software, 2012–2019 ($Million)
Table 52 APAC: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 53 APAC: FSA Market Size, By Services, 2012–2019 ($Million)
Table 54 APAC: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 55 APAC: Market Size, By Deployment Type, 2012–2019 ($Million)
Table 56 APAC: FSA Market Size, By Software, 2012–2019 ($Million)
Table 57 MEA: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 58 MEA: FSA Market Size, By Services, 2012–2019 ($Million)
Table 59 MEA: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 60 MEA: Financial Services Application Market Size, By Deployment Type, 2012–2019 ($Million)
Table 61 MEA: FSA Market Size, By Software, 2012–2019 ($Million)
Table 62 LA: FSA Market Size, By Solution, 2012–2019 ($Million)
Table 63 LA: FSA Market Size, By Services, 2012–2019 ($Million)
Table 64 LA: FSA Market Size, By User Type, 2012–2019 ($Million)
Table 65 LA: FSA Market Size, By Deployment Type, 2012–2019 ($Million)
Table 66 LA: Financial Services Application Market Size, By Software, 2012–2019 ($Million)
Table 67 New Product Launches, 2012–2014
Table 68 New Contracts, 2012–2014
Table 69 Agreements, Partnerships, and Collaborations, 2012–2014
Table 70 Mergers and Acquisitions, 2012–2014
 
List of Figures (56 Figures)
 
Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Financial Services Application Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 FSA Market Size, User Type Snapshot (2014–2019): SMB Market is Expected to Double By 2019
Figure 7 FSA Market Size, Services Snapshot (2014–2019): Consulting Services Will Dominate the Market
Figure 8 Global FSA Market Size, By Deployment, 2014–2019
Figure 9 Global Financial Services Application Market Share: APAC Will Exhibit the Highest Market Share in 2014
Figure 10 Increasing Demand Among Organizations for Integrated FSA Suite
Figure 11 Integration Services Are Gaining the Highest Traction in Terms of Market Size
Figure 12 APAC Holds the Maximum Share in the FSA Market (2014)
Figure 13 APAC is Expected to Have the Highest Market Growth Potential By 2019
Figure 14 APAC Market is Expected to Grow Faster Than Europe and NA
Figure 15 Majority of Financial Services Application Market Share Will Be Captured By Business Transaction Processing and Enterprise It During 2014–2019
Figure 16 Regional Lifecycle: LA Expected to Be in the Introduction Phase for the Year 2014
Figure 17 FSA Market Segmentation: By Software
Figure 18 FSA Market Segmentation: By Services
Figure 19 FSA Market Segmentation: By Deployment Type
Figure 20 Financial Services Application Market Segmentation: By User Type
Figure 21 FSA Market Segmentation: By Region
Figure 22 Evolution: FSA
Figure 23 Emergence of Digital Channels for Banking Provides an Impetus for the FSA Market
Figure 24 Value Chain Analysis
Figure 25 Porter’s Five Forces Analysis: FSA Market
Figure 26 Business Transaction Processing and Enterprise It Are Leading the FSA Software Market
Figure 27 Business Transaction Processing Will Continue to Control the Software Market in Terms of Market Share
Figure 28 Customer Experience is Expected to Show Considerable Growth in All Regions
Figure 29 APAC is Expected to Exhibit the Highest Growth Rate in Enterprise It
Figure 30 Consulting Services Will Continue to Dominate the Services Segment of the Financial Services Application Market
Figure 31 Hosted Deployment Market Size is Expected to Double By 2019
Figure 32 APAC is Expected to Exhibit the Highest Market Size During the Period 2014–2019
Figure 33 APAC Region is Expected to Experience the Highest Growth Rate in the Hosted FSA Market
Figure 34 SMBS Exhibit the Fastest Growth Rate in the FSA Market During the Forecast Period
Figure 35 Services Are Expected to Experience Higher Growth Rate Among SMBS During the Forecast Period
Figure 36 Services Are Expected to Clock Higher Revenue Among the Enterprises
Figure 37 APAC Will Exhibit the Highest Growth in the Financial Services Application Market
Figure 38 Companies Adopted Agreements, Acquisitions, New Product Developments, and New Contracts as the Key Growth Strategies During the Years 2012-2014
Figure 39 TCS and Oracle Corporation Grew at the Fastest Rate Between 2009 and 2013
Figure 40 Market Evaluation Framework
Figure 41 Battle for Financial Services Application Market Share: New Product Development Was the Key Strategy Adopted By Players During the Last 3 Years
Figure 42 Geographic Revenue Mix of Top Five Players
Figure 43 Accenture: Company Snapshot
Figure 44 Accenture: SWOT Analysis
Figure 45 IBM Corporation: Company Snapshot
Figure 46 IBM Corporation: SWOT Analysis
Figure 47 Oracle Corporation: Company Snapshot
Figure 48 Oracle Corporation: SWOT Analysis
Figure 49 SAP SE: Company Snapshot
Figure 50 SAP SE: SWOT Analysis
Figure 51 TCS: Company Snapshot
Figure 52 TCS: SWOT Analysis
Figure 53 FIS: Company Snapshot
Figure 54 Fiserv, Inc.: Company Snapshot
Figure 55 Infosys: Company Snapshot
Figure 56 Temenos: Company Snapshot

Financial Services is an indicator about the Socio-Economic health of the country. With the growing effect of globalization, providers face an uphill task to provide the end users with applications that are compliant, risk free and data driven. Organizations need to transform themselves from traditional product based firms to “Customer In” firms. Global Financial Services Application Market solutions enable the organization to use the financial data with the help of software to plan, optimize operations and discover new opportunities. The driving forces in evolution is globalization, global market liberalization, technical up gradation and market innovation. Development and deployment of financial services market simplifies the operating procedure for diverse portfolio and aims at establishing a uniform infrastructure for analysis of voluminous quantified data. The extensive analysis of financial data coupled with data warehousing can help financial institution in framing their strategic policies for sustaining long term growth.

This study is done to understand the structure of the global financial services application market and is intended to help the providers, banks and financial institutions to better serve its clients, government and enterprises. The overall global market size in this study has been defined by considering the revenues generated by the vendors which offer software, and services. Various software applications which have been considered while deriving the FSA market size are Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience, and Enterprise IT. Additionally, various deployment types which have been considered while deriving the FSA Market size include on-premises and hosted type. Additionally, the various services which have been considered while deriving the global market size include consulting services, integration services, training and support services, and operation and maintenance services. The overall global financial services application market has been further segmented into user types which include SMBs and enterprises.

The global financial services application market is segmented on the basis of five regions: North America, Europe, APAC, MEA, and Latin America. The global FSA market is provided for each region from 2014 to 2019. The global FSA market is expected to grow from $66.92 billion in 2014 to $103.66 billion to 2019, at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period 2014-2019.

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