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
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