Retail Banking IT Spending Market Value to Grow by USD 15.69 billion | Accenture Plc and Atos SE Among Key Vendors| Technavio

• Total Pages: 120
• Companies: 10+ – Including Accenture Plc, Atos SE, Capgemini SE, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Fidelity National Information Services Inc., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hitachi Ltd., HP Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., SAP SE, Wipro Ltd., and WNS Holdings Ltd. among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Type (IT services, IT hardware, and IT software)
• Geographies: North America, Europe, APAC, Middle East and Africa, and South America

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According to the recent market study by Technavio, the Retail Banking IT Spending Market value is expected to increase by USD 15.69 billion from 2021 to 2026, at an accelerated CAGR of 5.15%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

Vendor Insights-

The retail banking IT spending market is fragmented, and the vendors are deploying growth strategies such as product launches to compete in the market. Established vendors have strong financial abilities and technical expertise in offering innovative and quality products. They also invest a significant share of their capital in R&D and adopt organic growth strategies, such as product launches, to bring considerable differentiation in their solutions and gain high customer penetration. Small-scale vendors compete with established vendors by using low-price strategies and strengthening their local customer base.

Find additional highlights on the vendors and their product offerings. Download a Sample Report

Regional Market Outlook

The retail banking IT spending market growth in North America will be significant during the forecast period. Market growth in this region will be slower than the growth of the market in Europe and APAC. The US and Canada are the key countries for the market in the region. The rapid growth of the banking sector, including retail banking, will facilitate the retail banking IT spending market growth in North America over the forecast period.

Download our sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends in the Market-

• Retail Banking IT Spending Market Driver:
• Growing need for greater customer satisfaction:
  
  Banking software helps enterprises in the banking industry to provide better customer services. Customers can access their bank accounts from any interconnected branch across the world. It also provides them with an option for managing their bank accounts from anywhere and anytime. Also, it enables enterprises to manage customer data systematically and securely and build customers' trust. This helps enterprises to retain current customers and attract new customers. Hence, the growing need for customer satisfaction is expected to increase the demand for retail banking IT spending during the forecast period. 

• Retail Banking IT Spending Market Trend:
• Incorporation of analytics into third-party banking software:
  
  Third-party banking software provides a streamlined way to manage a complex set of processes for the enterprises in the banking industry. Financial software platforms help enterprises in providing various services to multiple customers simultaneously. Therefore, end-users are actively spending in the development of various software solutions. 

Find additional information about various other market Drivers & Trends mentioned in our sample report.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 IT services - Market size and forecast 2021-2026
• Exhibit 28: Chart on IT services - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on IT services - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on IT services - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on IT services - Year-over-year growth 2021-2026 (%)

• 5.4 IT hardware - Market size and forecast 2021-2026
• Exhibit 32: Chart on IT hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on IT hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on IT hardware - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on IT hardware - Year-over-year growth 2021-2026 (%)

• 5.5 IT software - Market size and forecast 2021-2026
• Exhibit 36: Chart on IT software - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on IT software - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on IT software - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on IT software - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type
• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Accenture Plc
• Exhibit 93: Accenture Plc - Overview
• Exhibit 94: Accenture Plc - Business segments
• Exhibit 95: Accenture Plc - Key news
• Exhibit 96: Accenture Plc - Key offerings
• Exhibit 97: Accenture Plc - Segment focus

• 10.4 Atos SE
• Exhibit 98: Atos SE - Overview
• Exhibit 99: Atos SE - Business segments
• Exhibit 100: Atos SE - Key news
• Exhibit 101: Atos SE - Key offerings
• Exhibit 102: Atos SE - Segment focus

• 10.5 Capgemini SE
• Exhibit 103: Capgemini SE - Overview
• Exhibit 104: Capgemini SE - Business segments
• Exhibit 105: Capgemini SE - Key news
• Exhibit 106: Capgemini SE - Key offerings
• Exhibit 107: Capgemini SE - Segment focus

• 10.6 CGI Inc.
• Exhibit 108: CGI Inc. - Overview
• Exhibit 109: CGI Inc. - Business segments
• Exhibit 110: CGI Inc. - Key news
• Exhibit 111: CGI Inc. - Key offerings
• Exhibit 112: CGI Inc. - Segment focus

• 10.7 Cisco Systems Inc.
• Exhibit 113: Cisco Systems Inc. - Overview
• Exhibit 114: Cisco Systems Inc. - Business segments
• Exhibit 115: Cisco Systems Inc. - Key news
• Exhibit 116: Cisco Systems Inc. - Key offerings
• Exhibit 117: Cisco Systems Inc. - Segment focus

• 10.8 Cognizant Technology Solutions Corp.
• Exhibit 118: Cognizant Technology Solutions Corp. - Overview
• Exhibit 119: Cognizant Technology Solutions Corp. - Business segments
• Exhibit 120: Cognizant Technology Solutions Corp. - Key news
• Exhibit 121: Cognizant Technology Solutions Corp. - Key offerings
• Exhibit 122: Cognizant Technology Solutions Corp. - Segment focus

• 10.9 Dell Technologies Inc.
• Exhibit 123: Dell Technologies Inc. - Overview
• Exhibit 124: Dell Technologies Inc. - Business segments
• Exhibit 125: Dell Technologies Inc. - Key offerings
• Exhibit 126: Dell Technologies Inc. - Segment focus

• 10.10 HP Inc.
• Exhibit 127: HP Inc. - Overview
• Exhibit 128: HP Inc. - Business segments
• Exhibit 129: HP Inc. - Key news
• Exhibit 130: HP Inc. - Key offerings
• Exhibit 131: HP Inc. - Segment focus

• 10.11 International Business Machines Corp.
• Exhibit 132: International Business Machines Corp. - Overview
• Exhibit 133: International Business Machines Corp. - Business segments
• Exhibit 134: International Business Machines Corp. - Key offerings
• Exhibit 135: International Business Machines Corp. - Segment focus

• 10.12 Microsoft Corp.
• Exhibit 136: Microsoft Corp. - Overview
• Exhibit 137: Microsoft Corp. - Business segments
• Exhibit 138: Microsoft Corp. - Key news
• Exhibit 139: Microsoft Corp. - Key offerings
• Exhibit 140: Microsoft Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 141: Inclusions checklist
• Exhibit 142: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 143: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 144: Research methodology
• Exhibit 145: Validation techniques employed for market sizing
• Exhibit 146: Information sources

• 11.5 List of abbreviations
• Exhibit 147: List of abbreviations

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