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The report covers the forecast and analysis of the banking BPS market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the banking BPS market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the banking BPS market on a global level.
In order to give the users of this report a comprehensive view of the treasury software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the banking BPS market by segmenting the market based on the service, operations, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The inflation witnessed in the working population, a bulge in the disposable income, and a prominent surge in the personal finance & housing activities coupled with an increase in the penetration of ATM is set to spur the expansion of the banking BPS industry over the forecast timespan. Nevertheless, a mounting number of cybercrime and cyber-attacks are predicted to decimate the expansion of the banking BPS industry over the forecast timeline. However, technological breakthroughs can create lucrative growth avenues for the market over the forecast timeline and help in countering the negative impact of the hindrances on the overall industry progress.
On the basis of service, the industry is sectored into Core Banking BPS, Securities Processing BPS, Mortgage & Loan BPS, and Payment Services BPS. In terms of operations, the market is classified into Front Office, Back Office, and Middle Office.
Some of the key players in the market include Atos, Tata BSS, Wipro, Avaloq, Cognizant, Genpact, NIIT, WNS, Concentrix, HCL Tech, Hexaware Technologies, FIS, Infosys, Capgemini, and SLK.
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