Global Banking BPS Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Jul 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Banking BPS Market By Operation Analysis (Front Office, Middle Office, Back Office), Service Analysis (Core Banking BPS, Mortgage and Loan BPS, Payment Services BPS, Securities Processing BPS), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa – Industry Trends and Forecast to 2026 – Industry Trends and Forecast to 2026

Market Analysis: Global Banking BPS Market

Global banking BPS market is projecting a rise in estimated value to an estimated value of USD 22.19 billion by 2026, registering a substantial CAGR of 9.62% in the forecast period of 2019-2026 due to Rise in number of public banks, Increase in loans and deposition of money and Increase in working population

Market Definition: Global Banking BPS Market

The budgeting tool which helps in planning process for building budget models to users is known as Bank BPS. This tool is provided by the SAP. This model can combine special operational planning and global strategic planning issues in many applications such as in a cyclical process and emphasize on entire bank's business processes  

Market Drivers:

  • Rise in number of public banks act as a driver for the market growth
  • Increase in loans and deposition of money enhance the growth of the market
  • Increase in working population act as a catalyst for the market growth
  • Acceptance of technological advancement and digitalization in the banking sector has driven the market growth

Market Restraints:

  • Increase in cybercrimes  due to hacking is restraining the market growth
  • Rise in cyber-attack due to less secured systems also hampers the market growth

Segmentation: Global Banking BPS Market

By Operation Analysis

  • Front Office

    • Customer Management Services
    • Document Management
    • Sales and Marketing Outsourcing

  • Middle Office

    • Insurance BPS
    • Banking BPS
    • Healthcare Providers BPS
    •  

  • Back Office

    • F&A Outsourcing
    • Procurement

By Service Analysis

  • Core Banking BPS
  • Mortgage and Loan BPS

    • Origination Services BPS
    • Mortgage and Loan Administration BPS

  • Payment Services BPS

    • Cheque Processing BPS
    • Credit Card Processing BPS
    • EFT Services BPS

  • Securities Processing BPS

    • Portfolio Services BPS
    • Trade Services BPS

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market

  • In November 2015, Intuit Inc., developed quicken 2016, a software which helps customers to easily transact, track and take control of managing the money. The software increased the customer support in United States and also enhanced accuracy of banks transaction and downloads
  • In April 2013, TCS acquired Alti SA IT services in order to grow in the European continental. The acquisition also includes banks. TCS aimed to expand the business in Europe and France by providing new services and solutions to their customers such as financial services, manufacturing, French corporations in banking, utilities and luxury sector

Competitive Analysis

Global banking BPS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global banking BPS market for Global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently working global banking BPS market are  Atos SE, Avaloq, Capgemini, Cognizant,  FirstSource, HCL technologies Limited, Hexaware Technologies, Infosys Limited, NIIT Technologies , SLK software services Pvt Ltd,  Tata consultancy services Limited (TCS), Wipro Limited, WNS (Holdings) Ltd, Accenture, EXL, Tech Mahindra Business Process Services, DXC Technology Company, Conduent, Inc., and others

Research Methodology: Global Banking BPS Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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