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Digital Transformation in BFSI Market 2020 Analysis by Segments, Share, Application, Development, Growing Demand, Region

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.

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Digital Transformation in BFSI Market 2020 Analysis by Segments, Share, Application, Development, Growing Demand, Region

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  1. Adroit Market Research 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 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  2. Adroit Market Research Digital Transformation In Banking, Financial Services, And Insurance To Digital Transformation In Banking, Financial Services, And Insurance To Reach USD 121.70 Billion By 2025. 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. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  3. Adroit Market Research Digital Transformation In Banking, Financial Services, And Insurance To Digital Transformation In Banking, Financial Services, And Insurance To Reach USD 121.70 Billion By 2025. 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 PayWithMyBankwhich 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 @ https://www.adroitmarketresearch.com/industry-reports/digital-transformation- in-bfsi-market +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  4. Adroit Market Research Key segments of the global digital transformation in banking, financial Key segments of the global digital transformation in banking, financial services, and services, and insurance market 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@ https://adroitmarketresearch.com/researchreport/purchase/872 +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

  5. Adroit Market Research About Us 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 market’s 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 manymore. Contact Us US Headquarters Phone: +1 (214) 884-6068 Email: sales@adroitmarketresearch.com 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

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