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IT BFSI - Global Strategic Business Report

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    Report

  • 178 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805653

Global IT BFSI Market to Reach $467.2 Billion by 2030

The global market for IT BFSI estimated at US$186.8 Billion in the year 2022, is projected to reach a revised size of US$467.2 Billion by 2030, growing at a CAGR of 12.1% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 11.4% CAGR and reach US$319.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 13.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $56.1 Billion, While China is Forecast to Grow at 11.7% CAGR

The IT BFSI market in the U.S. is estimated at US$56.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$81.2 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 10.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.

Select Competitors (Total 9 Featured) -

  • Accenture PLC
  • Adobe Systems, Inc.
  • CA Technologies, Inc.
  • Cognizant Technology Solutions Corporation
  • IBM Corporation
  • Micro Focus International PLC
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce.com, Inc.
  • SAP SE

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • IT BFSI - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for IT BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World 16-Year Perspective for IT BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 4: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World 16-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World IT BFSI Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 8: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World 16-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World 16-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 12: World Historic Review for IT BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World Historic Review for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 14: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World Historic Review for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World Historic Review for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
III. MARKET ANALYSIS
UNITED STATES
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 17: USA Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: USA 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 19: USA Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 20: USA 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 21: USA Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: USA Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CANADA
  • Table 23: Canada Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: Canada 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 25: Canada Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 26: Canada 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 27: Canada Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: Canada Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
JAPAN
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 29: Japan Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: Japan 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 31: Japan Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 32: Japan 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 33: Japan Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: Japan Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CHINA
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 35: China Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: China 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 37: China Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 38: China 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 39: China Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: China Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
EUROPE
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 41: Europe Recent Past, Current & Future Analysis for IT BFSI by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 42: Europe 16-Year Perspective for IT BFSI by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 43: Europe Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 44: Europe 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 45: Europe Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 46: Europe 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 47: Europe Historic Review for IT BFSI by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 48: Europe Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: Europe Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
FRANCE
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 50: France Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: France 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 52: France Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 53: France 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 54: France Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 55: France Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
GERMANY
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 56: Germany Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Germany 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 58: Germany Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 59: Germany 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 60: Germany Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 61: Germany Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ITALY
  • Table 62: Italy Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: Italy 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 64: Italy Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 65: Italy 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 66: Italy Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 67: Italy Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 68: UK Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 69: UK 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 70: UK Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 71: UK 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 72: UK Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 73: UK Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF EUROPE
  • Table 74: Rest of Europe Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 75: Rest of Europe 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 76: Rest of Europe Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 77: Rest of Europe 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 78: Rest of Europe Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 79: Rest of Europe Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
  • IT BFSI Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 80: Asia-Pacific Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 81: Asia-Pacific 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 82: Asia-Pacific Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 83: Asia-Pacific 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 84: Asia-Pacific Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 85: Asia-Pacific Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF WORLD
  • Table 86: Rest of World Recent Past, Current & Future Analysis for IT BFSI by Component - Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 87: Rest of World 16-Year Perspective for IT BFSI by Component - Percentage Breakdown of Value Sales for Solutions and Services for the Years 2014, 2023 & 2030
  • Table 88: Rest of World Recent Past, Current & Future Analysis for IT BFSI by Deployment Type - On-Premise and Cloud - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 89: Rest of World 16-Year Perspective for IT BFSI by Deployment Type - Percentage Breakdown of Value Sales for On-Premise and Cloud for the Years 2014, 2023 & 2030
  • Table 90: Rest of World Historic Review for IT BFSI by Component - Solutions and Services Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 91: Rest of World Historic Review for IT BFSI by Deployment Type - On-Premise and Cloud Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accenture PLC
  • Adobe Systems, Inc.
  • CA Technologies, Inc.
  • Cognizant Technology Solutions Corporation
  • IBM Corporation
  • Micro Focus International PLC
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce.com, Inc.
  • SAP SE

Table Information