Digital Transformation in BFSI Market by Component (Solution and Service), Deployment Model (On-premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), End User (Banks, Insurance Companies and Others), and Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data and Business Analytics, Cyber Security and Other): Global Opportunity Analysis and Industry Forecast, 2020-2027, The research study provides market overview, Digital Transformation in BFSI market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Transformation in BFSI market size forecast, market data & Graphs and Statistics, Tables, Bar & Pie Charts, and many more for business intelligence.
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Digital transformation is a method of using digital technology for changing current business approaches into more advance and technologically driven business approaches for increasing customer satisfaction and to enhance revenue opportunities. In addition to this, various banks, fintech and insurance companies are adopting digital banking platform for increasing transparency among the enterprises and to building more trust among the employees. Furthermore, various insurance companies across the globe are adopting digital transformation to increase productivity of employees as well as to save time and resources of the company.
The key factors that drive the growth of the global digital transformation in BFSI market include increase in adoption of digital technology by various banks and surge in need of digital services among the fintechs to enhance and to improve the customer experience. In addition, increase in customize IT solutions for specific banking need positively impacts the growth of the market. However, high implementation and maintenance cost of digital technology and security & privacy concerns related to data theft and cyber-attacks is expected to hamper the market growth. On the contrary, increase in adoption of advance technology such as AI and machine learning among the companies is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.
The global digital transformation in BFSI is segmented on the basis of component, deployment model, enterprise size, end user, technology and region. In terms of component, the market is segmented into solution and service. By deployment model, the market is divided into on-premises and cloud. In terms of enterprise size, the market is segmented into large enterprises and small & medium enterprises. As per end user, the market is bifurcated into banks, insurance companies and others. On the basis of technology, it is divided into artificial intelligence, cloud computing, blockchain, big data and business analytics, cyber security and other. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global digital transformation in BFSI market include Accenture, Alphasense Inc., Cognizant, FUJITSU, Google, LLC, HID Global Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation and SAP SE. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of global digital transformation in BFSI market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
– Information about key drivers, restraints, and opportunities and their impact analysis on global market is provided in the report.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
– The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
Key Market Segments
By Deployment Model
By Enterprise Size
– Large Enterprises
– Small & Medium Enterprises
By End User
– Insurance Companies
– Artificial Intelligence
– Cloud Computing
– Big Data and Business Analytics
– Cyber Security
KEY MARKET PLAYERS
– Alphasense Inc.
– Google, LLC
– HID Global Corporation
– International Business Machines Corporation
– Microsoft Corporation
– Oracle Corporation
– SAP SE
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
Impact of COVID-19 on the Global Market
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The Global Digital Transformation in BFSI Market report provides the meticulously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Digital Transformation in BFSI Market Report: Study Explore COVID 19 Outbreak Impact Analysis
Table of Contents
List of Figures
List of Tables
Segmentation By Geography
Digital Transformation in BFSI Market Characteristics
Supply Chain And Key Participants
Digital Transformation in BFSI Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Digital Transformation in BFSI Global Market PESTEL Analysis by Political, Economic, Social, Technological, Environmental, Legal
Digital Transformation in BFSI Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Digital Transformation in BFSI Market, Regional And Country Analysis
Global Digital Transformation in BFSI Market, , By Region, Value ($ Billion)
Global Digital Transformation in BFSI Manufacturing Market, Historic And Forecast, Segmentation
Digital Transformation in BFSI Market Overview
Global Digital Transformation in BFSI Market Top Opportunities By Segment
Global Digital Transformation in BFSI Market Top Opportunities By Country
Global Digital Transformation in BFSI Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
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