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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Banking BPS Market
The banking BPS market will reach at an estimated value of USD 33.12 billion by 2028 and grow at a CAGR of 9.57% in the forecast period of 2021 to 2028. Rise in number of public banks acts as an essential factor driving the 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 and 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
Rise in the loans and deposition of money is a crucial factor accelerating the market growth, also increase in the acceptance of technological advancement and digitalization in the banking sector, rise in the overall digitalization, centralization, and competition in the banking sector across the world, increase in loans and deposition of money and acceptance of technological advancement and digitalization in the banking sector are the major factors among others boosting the banking BPS market. Moreover, rise in the research and development activities and rise in the demand from the emerging economies will further create new opportunities for banking BPS market in the forecast period mentioned above.
However, increase in the cyber-attack due to less secured systems and rise in the cybercrimes due to hacking are the major factors among others restraining the market growth, and will further challenge the banking BPS market in the forecast period mentioned above.
This banking BPS market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the banking BPS market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Banking BPS Market Scope and Market Size
The banking BPS market is segmented on the basis of operation analysis and service analysis. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of operation analysis, banking BPS market is segmented into front office, middle office and back office. Front office has been further segmented into customer management services, document management and sales and marketing outsourcing. Middle office has been further segmented into insurance BPS, banking BPS and healthcare providers BPS. Back office has been further segmented into F&A outsourcing and procurement. Mortgage and loan BPS has been further segmented into
- The banking BPS market is also segmented on the basis of service analysis into core banking BPS, mortgage and loan BPS, payment services BPS and securities processing BPS. Mortgage and loan BP has been further segmented into origination services BPS and mortgage and loan administration BPS. Payment services BPS has been further segmented into cheque processing BPS, credit card processing BPS and EFT services BPS. Securities processing BPS has been further segmented into portfolio services BPS and trade services BPS.
Banking BPS Market Scope Country Level Analysis
The banking BPS market is analysed and market size, volume information is provided by country, operation analysis and service analysis as referenced above.
The countries covered in the banking BPS market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the banking BPS market due to increase in the acceptance of technological advancement and digitalization in the banking sector and rise in the overall digitalization, centralization, and competition in the banking sector in this region.
The country section of the banking BPS market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Banking BPS Market Share Analysis
The banking BPS market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to banking BPS market.
The major players covered in banking BPS market report are 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 and Conduent, Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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