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 analysts forecast the Banking IT market in China to grow at a CAGR of 11.39 percent over the period 2013-2018.
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 report, 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.
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.
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
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Category
08. Market Segmentation by End-users
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
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- Global Infotech Holding
- HiSun Technology Holding
- Hundsun Technology
- Yucheng Technology
For more information visit http://www.researchandmarkets.com/research/wwnr8b/banking_it_market
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SOURCE Research and Markets