New York, NY -- (SBWire) -- 09/20/2018 --Retail banking IT spending is a large part of the total IT spending of banks around the world. Apart from spending on core hardware, software and services, retail banks invest in emerging technologies such as core banking, analytics, internal operations, online banking, mobile banking and channel management. Innovation in banking technology has changed the way customers are dealing with banks today. The evolution of technology not only improved customer experience and satisfaction, but also made mobile banking virtually ubiquitous and customers were able to complete banking transactions. Banks face intense competition from other banks every day, and they are under tremendous pressure to differentiate themselves in terms of products and services. Banks therefore adopt state-of-the-art technology to build strong relationships with customers and manage costs.
Analysts at RNR predicted the Global Retail Banking IT market, which is expected to grow at a CAGR of +4% over the 2018-2025 period.
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Key Vendors
-Dell
-HP
-IBM
-Microsoft
Other Prominent Vendors Accenture, Capgemini, Cisco Systems, Infosys, FIS, Fujitsu, Intel, Oracle, and Unisys
Research N Reports has recently drafted a report titled "Global Retail Banking IT Spending Market" deriving the type of publication that brings in value in a most professional look therefore studying the descriptive vision into the market's future. The report categorizes the study further into different segments that facilitates a descriptive and qualitative insight into the industry. Geographically, the market has been divided into five standardized segmentations; North America, Europe, Latin America, Asia Pacific and Middle East & Africa.
The global marketers are increasingly participating in strategic merger & acquisition activities so as to collaboratively bring down the overall research and product development costs. The participants are involving with stakeholders to massively invest into testing, human resources and talent acquisition campaigns, etc. in order to majorly cut down costs and manual work hours required. The growing participation in developing software projects to bring in automation into the working framework has significantly reduced the overall time required for tracking and delivering the pertained product.
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Out of which, North America is expected to generate the highest market share attributed to the rising traction of quality assessment operations within companies as more and increased implementation of transformation projects as a way of augmenting returns on investment and reducing time-to-market of products.
The company profiles play a significant role as it establishes the most prominent business and financial overview of these companies along with key strategies that they have adopted to drive their success.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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