Preview

Banking IT Spending Market in APAC

Satisfactory Essays
Open Document
Open Document
403 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Banking IT Spending Market in APAC
Banking IT Spending Market in APAC 2015-20190280035Banks across the globe are adopting IT solutions to optimize business processes and enhance performance. The implementation of IT in the Banking sector has changed the way banking functions are performed. The Banking IT Spending market in APAC includes expenditure on IT infrastructure by banks. The market is divided into the Retail Banking, Corporate Banking, and Other Banking sectors.
The Banking IT Spending market in APAC is growing at a rapid pace and has the potential for more growth in the future. The Banking market in the APAC region was less affected by the global financial crisis than other regions. Demand for IT products and services is growing in the Banking sector because of a shift in the methodology of performing banking functions. Banks are increasing their IT expenditure to offer improved services to customers and improve brand loyalty.
Covered in this Report0280035This report covers the present scenario and growth prospects of the Banking IT Spending market in APAC for the period 2015-2019. To calculate the market size, the report considers the revenue generated through the sales of hardware, software, and services to the various segments of the Banking sector, including Retail, Corporate, and Others, in the APAC region. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Banking IT Spending market in APAC.
View our full TOC hereKey Regions
APAC
Key Vendors
Fujitsu Ltd.
Hewlett-Packard Co. (HP)
IBM Corp.
Oracle Corp.
Other Prominent Vendors
Dell
Fidelity National Information Services (FIS)
Fiserv
Misys
Polaris Software Lab
Temenos Group
SAP
Silver Axis
Tata Consultancy Services (TCS)
Key Market Driver
Need for Risk Management Systems
For a full, detailed list, view our report.
Key Market Challenge
Unequal Growth of Banking Sector in APAC Region
For a full, detailed list, view our report.
Key Market Trend
More
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Case East Penn Bank
    • 2488 Words
    • 14 Pages

    Case East Penn Bank

    despite a shift in customer base toward retail customers, which the current information system reports are more profitable than business customers. Following a stepby-step approach, you will develop the Bank’s average cost of serving a retail customer account and a business customer account, under (1) the Bank’s traditional…

    • 2488 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Eis 3302 - Ta- Chap 1
    • 669 Words
    • 3 Pages

    Eis 3302 - Ta- Chap 1

    | -Help business owners focus their technology budgets on competitive advantage rather than infrastructure- Services: inventory management, accounting, web based software, scheduling, user security and privileges, multiple location, quotation & estimates among many other services…

    • 669 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    PNC Bank Research Paper
    • 1668 Words
    • 7 Pages

    PNC Bank Research Paper

    This paper will describe how technology has changed the banking industry. I will specifically talk about PNC Bank. PNC Bank was founded in 1852, in Pittsburgh, PA. Its founders were James Laughlin and B.F. Jones. Since 1852, PNC Bank has expanded geographically in the northeast, Midwest, eastern and southeast part of the country through acquisitions and mergers. PNC Bank has been a leader in regards to technological innovations in the banking industry. PNC Bank created a mobile banking application in 2009, at that time; it was one of four banks in the country to have a mobile…

    • 1668 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Industry Specific Use of Information Technology
    • 339 Words
    • 2 Pages

    Industry Specific Use of Information Technology

    Inventions of technology have significantly contributed to the growth and development of IT related organizations in nearly all states globally. Over the years, website has influenced a number of benefits for both customers and organizations. Website is substantial because it offers technical information technology services, enterprise applications, security, and data storage services. Website can be described as a considerable concept in typical productivity applications. Websites are appropriate because they use technologies that are currently used in any organization. Ford Motor Company and HSBC Bank are two financial businesses that have benefited from the use of website or technology. Based on research, it is evident that websites combine a number of services or factors that are highly used within an IT based organization such as e-mail, telephone utilities, and passwords among other facilities (Bentley, 2000).…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Country Analysis of Military IT, Data and Computing Market 2024
    • 801 Words
    • 4 Pages

    Country Analysis of Military IT, Data and Computing Market 2024

    This report offers detailed analysis of the global Military IT, Data and Computing market over the next ten years, and provides extensive market size forecasts by country and sub sector. It covers the key technological and market trends in the Military IT, Data and Computing market.…

    • 801 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Managing Risks
    • 2235 Words
    • 9 Pages

    Managing Risks

    American Bank of Indiana (ABI) generates $280 million in revenue through personal and industrial banking services, card services, loans and mortgages. A regional bank, ABI and its 1,800 employees have been acquired by First American Financial Services (FAFS). As part of the acquisition, ABI is to integrate its service delivery network with that of FAFS (FAFS/ABI, 2008). All components of the two companies are to be integrated, including ATMs, databases, and related software and hardware. Based on lessons learned on past information technology (IT) projects and the recommendations and observations of the Chief Executive Officer (CEO) and the steering committee, the project manager has identified critical risks that must be mitigated in order to implement the project. The project manager can use risk management, project cost and schedule control processes to complete the project on time and within budget.…

    • 2235 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Business Case Scenario IT
    • 796 Words
    • 3 Pages

    Business Case Scenario IT

    These days every transaction that occurs is digital and monitored by the stock exchanges for malpractice. This was a major problem to many an institutions because suddenly they had to upgrade from their legacy systems to the modern platform. IT Services provided the perfect solution as not only would it upgrade their systems but also at the same time maintain the enormous data inflows from various zones and provide solutions to improve the process and make it more automated this saved was boon to the banking industry as they were…

    • 796 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    . the Change of the Nature of Competition by It Usage
    • 518 Words
    • 3 Pages

    . the Change of the Nature of Competition by It Usage

    Changes in the internal environment such as the increased workload and cost pressures as well as the external environment such as globalization and capital mobility has led the banking industry to introduce ATM and subsequently develop new products, services, delivery channels that include home banking via phone and personal computer ATM networks and allowed banks to reach markets which were considered far and away earlier. What started as a mean to increase cost effectiveness has moved through several stages including a tool of strategic significance, a facilitator for new services and products and is now poised to break new barriers as it is set to dismantle the advantages of local banks and intensify the price competition within the industry. The 1960's saw unprecedented growth in the banking industry and that in turn created a need for more personnel and to automate data processing.…

    • 518 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Global Automated Test Equipment
    • 514 Words
    • 3 Pages

    The Global Automated Test Equipment

    • IT & telecommunication accounted for over 50% of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.…

    • 514 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Erp Solution for Oman Flour Mills
    • 975 Words
    • 4 Pages

    Erp Solution for Oman Flour Mills

    The company has been operating in the market for over 30 years now, and has now grown to a size wherein the prevailing IT infrastructure was proving to be inefficient. The company, which takes pride in offering its customers a traditional and personalised service, quickly realised the value of using a dependable IT infrastructure that could support its business and fulfil its customer’s needs quickly and efficiently.…

    • 975 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Banking and Payments Research Shows an Industry Struggling with Change
    • 411 Words
    • 2 Pages

    Banking and Payments Research Shows an Industry Struggling with Change

    Banking and Payments Research Digest H1 2014 finds that the banking and payments markets are struggling to deal with the after effects of the downturn and the disruptive effects of technology. Recent research in the banking sector shows European banks are still recovering from the financial downturn, threatened by shadow banks and Fintechs, and attempting to redefine the role of the branch. The cards and payments market is a little more positive according to the latest research, with electronic payments continuing to overtake cash and cheque and strong growth particularly in in Africa and South America. However, here too there are disruptive changes, with the impact of mobile payments, and non-bank prepaid cards threatening the traditional business model in many areas.…

    • 411 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Technological Innovations in Bank of Africa (Uganda):
    • 4923 Words
    • 20 Pages

    Technological Innovations in Bank of Africa (Uganda):

    A descriptive cross sectional survey was used. In the study, quantitative techniques were employed in the data collection process, analysis, presentation and discussion of findings. The data used in this study was primary, collected from the IT employees and customers in selected branches of B.O.A using self-administered structured questionnaires and oral interviews.…

    • 4923 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Best Essays

    What Is the Term It
    • 2453 Words
    • 10 Pages

    What Is the Term It

    Information Technology (IT) has become mandatory in the businesses, till now many of the developing countries consider the IT as a very costly sector to invest in, unlike the civilized nations whom invest much more in IT although it is still expensive but they recognize how much it important to their business.…

    • 2453 Words
    • 10 Pages
    Best Essays
    Read More
  • Good Essays

    Strategic Plan
    • 1670 Words
    • 7 Pages

    Strategic Plan

    The banking sector is often viewed as rather conservative when it comes to the adoption of cutting-edge technology. It's not a surprise to many if some banks are still on the IT infrastructure they first started out with years ago.…

    • 1670 Words
    • 7 Pages
    Good Essays
    Read More
  • Powerful Essays

    Technology in Banking
    • 7980 Words
    • 32 Pages

    Technology in Banking

    Technology today has become synonymous with banking and Indian banks have put in place a fairly strong infrastructure to leverage its benefits. IT has made a visible difference in the functioning of banks and conduct of banking operations. Banks have benefitted immensely due to scaling up of business and growth in volumes, the journey has been beneficial for the customers too, with improvement in customer service quality. While for larger banks the IT capital expense to total IT expense ratio has stabilized to approximately 18%, smaller banks are increasing their capital expenditure to acquire IT infrastructure, with approximately 54% capital expenditure. Most banks have also put up a robust mechanism for governance and management of IT assets with board level committees and alignment of functional and technical teams for IT implementation. In the future banks will have to focus on two major aspects – delivering customer satisfaction and driving business optimization. Banks today have built up significant database about the customer – demographics, transactions and behavioral data. However the key is to derive information from this data to deliver business impact. Information and technology will have to be separated with substantial focus on information. Banks will need to have a significant level of integration of data warehouses and analytical capability both in terms of people and tools to face this challenge. In addition banks will also need to have a robust customer life cycle management program to effectively utilize the information. The second significant challenge is driving business optimization which broadly deals with highest level of revenues or…

    • 7980 Words
    • 32 Pages
    Powerful Essays
    Read More

Related Topics