Digital Transformation in BFSI Market Report 2020 Competitive Landscape, Trends, Opportunities & Forecast to 2025 - PowerPoint PPT Presentation

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Digital Transformation in BFSI Market Report 2020 Competitive Landscape, Trends, Opportunities & Forecast to 2025

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Previously in 2018, the global digital transformation in banking, financial services, and insurance market was valued at USD 29.97 billion and is estimated to grow at an exponential growth rate over the forecast period. – PowerPoint PPT presentation

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Title: Digital Transformation in BFSI Market Report 2020 Competitive Landscape, Trends, Opportunities & Forecast to 2025


1
Digital Transformation in Banking, Financial
Services and Insurance Market
  • by Technology (Cloud Computing, Blockchain,
    Artificial Intelligence, Biometrics, and Big
    Data), By Region and Forecast 2019 to 2025

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2
Digital Transformation In Banking, Financial
Services, And Insurance To Reach USD 121.70
Billion By 2025.
  • The global digital transformation in banking,
    financial services, and insurance market is
    expected to reach USD 121.70 billion by 2025. The
    micro factors that are driving the growth further
    are increasing adoption of smartphones and smart
    devices, growing digital payments, the
    introduction of digital currencies and use of big
    data tools to analyze a large amount of financial
    data.
  • The collaboration between the technologically
    advanced companies including Google, IBM, and
    Amazon and banking, financial services
    insurance companies including JPMorgan Chase
    Co., BNP Paribas, and Wells Fargo Co. are
    giving a new growth direction to this industry.
    Additionally, these partnerships and
    collaborations are helping in reducing operation
    cost in overall value chain thus improving the
    profit margin for the companies. For instance,
    the implementation of cloud computing in BFSI has
    increased the overall efficiency of the industry.
    Moreover, these services are helping banks to
    focus on enhancing their product portfolio and
    offer quality assistance 24/7.
  • On the basis of technology, the global digital
    transformation in the BFSI market is fragmented
    into cloud computing, big data, Artificial
    Intelligence, blockchain, biometrics, and others.
    The cloud computing technology had dominated the
    global market by occupying 59.8 market share in
    2018 and is expected to maintain its position
    over the forecast period. There are so many
    services offered by BFSI industry using cloud
    computing services such as insurance data
    exchange cloud service, health insurance
    value-based payment cloud service financial
    services lending and leasing cloud service
    financial services revenue management and billing
    cloud service and banking cloud service.

3
Digital Transformation In Banking, Financial
Services, And Insurance To Reach USD 121.70
Billion By 2025.
  • As of 2018, the market for digital transformation
    in banking, financial services, and insurance is
    fragmented with global and domestic players. The
    market is a mix of different technology providers
    offering single services or multiple services.
    For instance, Amazon and Google offer multiple
    technologies such as cloud services, big data
    services, and artificial intelligence whereas
    companies such as Bitcoin.com, BitGo, and
    Coinbase offer only cryptocurrencies.
  • Moreover, the established companies are either
    merging or acquiring domestic and technology
    providers to boost their online offerings by
    using digital technologies such as cloud and big
    data. For instance, in June 2019, Trustly, a
    Swedish fintech company has agreed to merge with
    PayWithMyBank which is based in the U.S. This
    will help billers and merchants to accept
    payments from around millions of consumers across
    U.S. and Europe. The major companies covered in
    the report are IBM Corporation, Microsoft
    Corporation, Google, SAP, Oracle Corporation,
    Coinbase, Fujitsu, Cross Match Technologies, HID
    Global, and AlphaSense Inc.,
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/digital-transformation-in-bfsi-market

4
Key segments of the global digital transformation
in banking, financial services, and insurance
market
  • Technology Overview, 2015-2025 (USD Billion)
  • Cloud Computing
  • Blockchain
  • Artificial Intelligence
  • Biometrics
  • Big Data
  • Regional Overview, 2015-2025 (USD million) (Kilo
    tons)
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • Purchase a single user copy of the global digital
    transformation in banking, financial services,
    and insurance market report_at_ https//adroitmarketr
    esearch.com/researchreport/purchase/872

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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