IT BFSI Market Size, Share, Trends, Growth and Forecast 2032
IT BFSI Market - By Component (Technology and Services), By Organization Size (Large Enterprises and SMEs), By Deployment Type (Cloud and On-Premises), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 78.64 Billion | USD 268.53 Billion | 14.62% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. IT BFSI Market, 2016–2026 (USD Billion)
- 2.2. IT BFSI Market: Snapshot
- Chapter 3. Global IT BFSI Market– Industry Analysis
- 3.1. IT BFSI Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Huge demand for cutting-edge techniques in financial institutions to facilitate customer engagement will determine the growth of IT BFSI industry over the forthcoming years.
- 3.2.2. Rapid digitization of BFSI processes and enforcement of strict laws by government authorities to halt data theft or information leakage & data breach will spearhead the expansion of IT BFSI industry over the ensuing years.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Component
- 3.4.2. Market attractiveness analysis By Deployment Type
- 3.4.3. Market attractiveness analysis By Organization Size
- Chapter 4. Global IT BFSI Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global IT BFSI Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Vehicle launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global IT BFSI Market– Component Analysis
- 5.1. Global IT BFSI Market overview: By Component
- 5.1.1. Global IT BFSI Market share, By Component , 2019 and 2026
- 5.2. Technology
- 5.2.1. Global IT BFSI Market By Technology, 2016–2026 (USD Billion)
- 5.3. Services
- 5.3.1. Global IT BFSI Market By Services, 2016–2026 (USD Billion)
- 5.1. Global IT BFSI Market overview: By Component
- Chapter 6. Global IT BFSI Market– Deployment Type Analysis
- 6.1. Global IT BFSI Market overview: By Deployment Type
- 6.1.1. Global IT BFSI Market share, By Deployment Type, 2019 and 2026
- 6.2. Cloud
- 6.2.1. Global IT BFSI Market By Cloud , 2016–2026 (USD Billion)
- 6.3. ON-PREMISES
- 6.3.1. Global IT BFSI Market By ON-PREMISES, 2016–2026 (USD Billion)
- 6.1. Global IT BFSI Market overview: By Deployment Type
- Chapter 7. Global IT BFSI Market– Organization Size Analysis
- 7.1. Global IT BFSI Market overview: By Organization Size
- 7.1.1. Global IT BFSI Market share, By Organization Size , 2019 and 2026
- 7.2. Large Enterprises
- 7.2.1. Global IT BFSI Market By Large Enterprises, 2016–2026 (USD Billion)
- 7.3. SMEs
- 7.3.1. Global IT BFSI Market By SMEs, 2016–2026 (USD Billion)
- 7.1. Global IT BFSI Market overview: By Organization Size
- Chapter 8. Company Profiles
- 8.1. Microsoft
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategy
- 8.1.5. Recent Developments
- 8.2. IBM
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Micro Focus
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. Accenture
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. Adobe Systems
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Development
- 8.6. CA Technulogies
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Development
- 8.7. Salesforce
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Development
- 8.8. SAP
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategy
- 8.8.5. Recent Development
- 8.9. Cognizant
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategy
- 8.9.5. Recent Development
- 8.10. Oracle
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategy
- 8.10.5. Recent Development
- 8.1. Microsoft
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global IT BFSI Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global IT BFSI Market attractiveness, By Component
6. Global IT BFSI Market attractiveness, By Deployment Type
7. Global IT BFSI Market attractiveness, By Organization Size
8. Global IT BFSI Market Share by Component ,2019 and 2026 (USD Billion)
9. Global IT BFSI Market by Technology,2016–2026 (USD Billion)
10. Global IT BFSI Market by Services ,2016–2026 (USD Billion)
11. Global IT BFSI Market Share By Deployment Type,2019 and 2026 (USD Billion)
12. Global IT BFSI Market by Cloud ,2016–2026 (USD Billion)
13. Global IT BFSI Market, By ON-PREMISES, 2016–2026 (USD Billion)
14. Global IT BFSI Market Share By Organization Size ,2019 and 2026 (USD Billion)
15. Global IT BFSI Market by Large Enterprises,2016–2026 (USD Billion)
16. Global IT BFSI Market, By SMEs, 2016–2026 (USD Billion)
17. Global IT BFSI Market share, by Region, 2019 and 2026
18. North America IT BFSI Market, 2016–2026 (USD Billion)
19. Europe IT BFSI Market, 2016–2026 (USD Billion)
20. Asia Pacific IT BFSI Market, 2016–2026 (USD Billion)
21. Latin America IT BFSI Market, 2016–2026 (USD Billion)
22. The Middle East and Africa IT BFSI Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global IT BFSI Market: snapshot
2. Drivers of the IT BFSI Market: impact analysis
3. North America IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
4. North America IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
5. North America IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
6. The U.S. IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
7. The U.S. IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
8. The U.S. IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
9. Rest of North America IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
10. Rest of North America IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
11. Rest of North America IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
12. Europe IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
13. Europe IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
14. Europe IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
15. UK IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
16. UK IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
17. UK IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
18. France IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
19. France IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
20. France IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
21. Germany IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
22. Germany IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
23. Germany IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
24. Rest of Europe IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
25. Rest of Europe IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
26. Rest of Europe IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
27. Asia Pacific IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
28. Asia Pacific IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
29. Asia Pacific IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
30. China IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
31. China IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
32. China IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
33. Japan IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
34. Japan IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
35. Japan IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
36. India IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
37. India IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
38. India IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
39. Rest of Asia Pacific IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
40. Rest of Asia Pacific IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
41. Rest of Asia Pacific IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
42. Latin America IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
43. Latin America IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
44. Latin America IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
45. Brazil IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
46. Brazil IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
47. Brazil IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
48. Rest of Latin America IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
49. Rest of Latin America IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
50. Rest of Latin America IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
51. The Middle East and Africa IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
52. The Middle East and Africa IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
53. The Middle East and Africa IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
54. Saudi Arabia IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
55. Saudi Arabia IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
56. Saudi Arabia IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
57. South Africa IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
58. South Africa IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
59. South Africa IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
60. Rest of the Middle East & Africa IT BFSI Market revenue, By Component , 2016–2026 (USD Billion)
61. Rest of the Middle East & Africa IT BFSI Market revenue, By Deployment Type, 2016–2026 (USD Billion)
62. Rest of the Middle East & Africa IT BFSI Market revenue, By Organization Size, 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Large-scale requirement of giant firms to integrate IT activities with BFSI solutions to safeguard their data along with cataloguing it systematically will propel the market growth in the years ahead. In addition to this, need for fulfilling consumer needs and provide seamless experience to the end-users apart from increasing customer loyalty & facilitating repeat purchases is projected to drive the expansion of IT BFSI industry over the ensuing years. Moreover, launching of IoT & analytic tools for carrying out banking operations with ease is predicted to drive the market trends.
Global IT BFSI Market size valued at US$ 78.64 Billion in 2023, set to reach US$ 268.53 Billion by 2032 at a CAGR of about 14.62% from 2024 to 2032.
North America is likely to make noteworthy contributions towards overall market revenue in the upcoming timeframe. The growth of the market in the region during the time interval from 2020 to 2026 can be attributed to huge spending on purchase of software products & deployment of IT systems by the firms in BFSI business along with efforts made by these firms for improving their IT infrastructure will catalyze the industry space over the years ahead. Immense penetration of new technologies in BFSI industry will favor the market progression in the region within the next couple of years.
The key players profiled in the report include Microsoft, IBM, Micro Focus, Accenture, Adobe Systems, CA Technologies, Salesforce, SAP, Cognizant, and Oracle.
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