Financial App Market Highlights:
The financial sector, currently, is witnessing a surge in the adoption rate of distributed ledger technology, popularly known as blockchain. The blockchain technology offers costs saving in administration, transaction, and infrastructure, which are widely used in commercial banking, capital markets, online payments, risk management, trade & supply chain finance, and others.
The Financial App market is segregated into software, services, deployment, organization size, and end-user.
By software, the financial app market is sub-divided into audit, risk & compliance management, BI & analytics applications, and customer experience. Based on service, the market is classified into training & support, consulting service, integration & implementation, operation & maintenance, and others. By deployment, the market is sub-segmented into on-premises and on-cloud. Based on organization size, the market is bifurcated into large enterprise and small & medium enterprises. By end-user, the market is segmented into retail, government, BFSI, and others.
Based on organization size, the market is bifurcated into large enterprise and small & medium enterprises. Additionally, on the basis of end-user, the market is differentiated into retail, government, BFSI, and others.
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Major Key Players:
• include Accenture Plc (Ireland)
• FIS Corporation (U.S.)
• Fiserv Inc. (U.S.)
• IBM Corporation (U.S.)
• Infosys Ltd (India)
• Misys (U.K)
• Oracle Corporation (U.S.)
• SAP SE (Germany),
• TCS Ltd. (India
• Temenos Group AG (Switzerland)
Regional Analysis:
Geographically, the Financial App Market is categorized into four different regions, namely North America, Asia Pacific, Europe, and Rest of the World.
The Financial App market in North America and Europe is expected to have a significant growth through the forecast period, owing to increasing adoption rates of Bring Your Own Devices (BYOD) for online transaction. The U.S. is considered as one of the largest markets for adopting financial technologies due to presence of large number of service providers.
Segmentation:
The Financial App market is segmented into software, services, deployment, organization size, and end-user.
By software, the Financial App market is sub-segmented into audit, risk & compliance management, BI & analytics applications, and customer experience. Based on service, the market is categorized into training & support, consulting service, integration & implementation, operation & maintenance, and others. On the basis of deployment, the market is segmented into on-premises and on-cloud.
Based on organization size, the market is bifurcated into large enterprise and small & medium enterprises. On the basis of end-user, the market is differentiated into retail, government, BFSI, and others.
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Target Audience:
• Research Firms
• Government Agencies
• Financial App Service Providers
• Associations, Organizations, Forums and Alliances related to Financial App
• Software Solution Providers
• Educational Institution, University, and Research Organization.
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