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Global Application Outsourcing Market in Banking Sector 2012-2016 - Product Image

Global Application Outsourcing Market in Banking Sector 2012-2016

  • Published: August 2013
  • Region: Global
  • 57 Pages
  • TechNavio

FEATURED COMPANIES

  • Accenture Plc.
  • Computer Sciences Corp.
  • HCL Technologies
  • IBM Corp.
  • ITC Infotech India Ltd.
  • Mindtree Ltd.
  • MORE

The analysts forecast the Global Application Outsourcing market in the Banking sector to grow at a CAGR of 4.63 percent over the period 2012-2016. One of the key factors contributing to this market growth is the considerable reduction of operational cost and time. The Global Application Outsourcing market in the Banking sector has also been witnessing increasing offshoring opportunities for global outsourcing vendors. However, the fear of losing valuable company information could pose a challenge to the growth of this market.

The report, the Global Application Outsourcing Market in Banking Sector 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the EMEA and the APAC region; it also covers the Global Application Outsourcing market in the Banking sector landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The key vendors dominating this space include Accenture Plc., Computer Sciences Corp., Hewlett-Packard Co., and IBM Corp.

The other vendors mentioned in this report are Capgemini SA., CGI Group READ MORE >

01. Executive Summary
02. List of Abbreviations
03. Introduction
04. Market Research Methodology
Market Research Process
Research Design
Research Methodology
05. Scope of the Report
Market Overview
Product Offerings
06. Market Landscape
06.1 Market Size and Forecast
06.2 Five Forces Analysis
07. Market Segmentation
07.1 Global Application Outsourcing market in the Banking Sector Market Segmentation
07.2 Application Development and Maintenance in Banking Sector
Market Size and Forecast
07.3 Independent Software Testing in Banking Sector
Market Size and Forecast
07.4 Other Application Outsourcing Services in Banking Sector
Market Size and Forecast
08. Geographical Segmentation
08.1 Global Application Outsourcing market in the Banking Sector by Geographical Segmentation
08.2 Application Outsourcing in Banking Sector Geographical Segmentation 2012 & 2016
08.3 Application Outsourcing in Banking Sector in the Americas
Market Size and Forecast
08.4 Application Outsourcing in Banking Sector in the EMEA Region
Market Size and Forecast
08.5 Application Outsourcing in Banking Sector in the APAC Region
Market Size and Forecast
09. Key Leading Countries
USA
UK
Japan
10. Vendor Landscape
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Key Vendor Analysis
17.1 Accenture Plc.
Business Overview
Business Segmentation
Key Information
SWOT Analysis
17.2 Computer Sciences Corp.
Business Overview
Business Segmentation
Key Information
SWOT Analysis
17.3 Hewlett-Packard Co.
Business Overview
Business Segmentation
Key Information
SWOT Analysis
17.4 IBM Corp.
Business Overview
Business Segmentation
Key Information
SWOT Analysis
18. Other Reports in this Series

List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Application Outsourcing market in the Banking Sector 2012-2016 (US$ billion)
Exhibit 3: Global Application Outsourcing market in the Banking Sector Market Segmentation 2012
Exhibit 4: Global Application Outsourcing market in the Banking Sector Market Segmentation 2012 & 2016
Exhibit 5: Global Application Development and Maintenance in Banking Sector 2012-2016 (US$ billion)
Exhibit 6: Global Independent Software Testing in Banking Sector 2012-2016 (US$ billion)
Exhibit 7: Global Other Application Outsourcing Services in Banking Sector 2012-2016 (US$ billion)
Exhibit 8: Global Application Outsourcing market in the Banking Sector by Geographical Segmentation 2012
Exhibit 9: Global Application Outsourcing market in the Banking Sector by Geographical Segmentation 2012-2016
Exhibit 10: Application Outsourcing in Banking Sector in the Americas 2012-2016 (US$ billion)
Exhibit 11: Application Outsourcing in Banking Sector in the EMEA Region 2012-2016 (US$ billion)
Exhibit 12: Application Outsourcing in Banking Sector in the APAC Region 2012-2016 (US$ billion)
Exhibit 13: Business Segmentation of Accenture Plc.
Exhibit 14: Business Segmentation of Computer Sciences Corp.
Exhibit 15: Business Segmentation of Hewlett-Packard Co.
Exhibit 16: Business Segmentation of IBM Corp.

Commenting on the report, an analyst from the team said: “One of the main trends witnessed in the Global Application Outsourcing market is the growing offshore opportunities for global outsourcing vendors. Outsourcing application management to offshore destinations is a profitable business model for banks as it offers the opportunity to establish an economical cost structure.

Outsourcing to countries such as India reduces the cost of application management to a large extent. While India still remains the top offshore application outsourcing destination, banks are exploring other destinations such as Brazil, China, Philippines, Russia, Argentina, Mexico, Hungary and Poland. These destinations are gaining popularity because of the improvement in their education system, rapidly increasing workforce, and the development of their overall infrastructure. With the 24/7 availability of high quality and low cost services in these destination, the Global Application Outsourcing market in the Banking sector is expected to grow in the years to come.”

According to the report, one of the main factors driving the market is the need to reduce operational cost and time. If banks adopt application outsourcing, they do not have to invest in resources or worry about handling the limited available resources for the required applications.

Further, the report states that one of the main challenges is issues with data security. In application outsourcing transactions, banks need to transfer the responsibility of handling a task or managing a project to a third-party. Consequently, these transactions also require banks to provide the outsourcing vendor with valuable and confidential company information such as details of their customers.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Capgemini SA, CGI Group Inc., Cognizant Technology Solutions Ltd., Dell Inc., EPAM Systems, HCL Technologies, Hexaware Technologies, iGATE Corp., Infosys Ltd., ITC Infotech India Ltd., L&T Infotech, Luxoft, Mindtree Ltd., Polaris Financial Technology Ltd., Softtek, Syntel Inc., Tata Consultancy Services Ltd., Wipro Ltd., and Unisys Corp.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

- Accenture Plc.
- Capgemini SA.
- CGI Group Inc.
- Cognizant Technology Solutions Ltd.
- Computer Sciences Corp.
- Dell Inc.
- EPAM Systems
- HCL Technologies
- Hewlett-Packard Co.
- Hexaware Technologies
- IBM Corp.
- iGATE Corp.
- Infosys Ltd.
- ITC Infotech India Ltd.
- L&T Infotech
- Luxoft
- Mindtree Ltd.
- Polaris Financial Technology Ltd.
- Softtek
- Syntel Inc.
- Tata Consultancy Services Ltd.
- Unisys Corp.
- Wipro Ltd.

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