The Business Research Company has updated its global market reports with the latest data for 2024 and projections up to 2033.
“The IT BFSI market size is expected to see rapid growth in the next few years. It will grow to $276.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.” The Business Research Company
LONDON, GREATER LONDON, UK, February 1, 2024: /EINPresswire.com/ — The Business Research Company’s “IT BFSI Global Market Report 2024 is a comprehensive source of information that covers every facet of the market. As per TBRC’s market forecast, the bfsi market size is predicted to reach $276.37 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.
The growth in the IT BFSI market is due to the increasing penetration rate of digital payment methods. The North American region is expected to hold the largest IT BFSI market share. Major players in the IT BFSI market include Microsoft Corporation, JPMorgan Chase & Co., Amazon Web Services Inc., Intel Corporation, Accenture PLC, and International Business Machines Corporation.
IT BFSI Market Segments
• By Service: Managed Services, Professional Services
• By Technology: Cyber Security, Artificial Intelligence, Business Intelligence, ERP (Enterprise Resource Planning), HCM (Human Capital Management), ECM (Enterprise Content Management), CRM (Customer Relationship Management), Unified Communications
• By Deployment: On-Premise, Cloud
• By Organization Size: Small and Medium Enterprises, Large Enterprises
• By geography: The global IT BFSI market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, the Middle East, and Africa.
Learn More About The Market By Requesting A Free Sample (Includes Graphs and Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=10375&type=smp
Information technology in banking, financial services, and insurance refers to the use of information technology for a wide array of banking services, financial products and services, and insurance products. This is often utilized by businesses that manage data processing, application testing, and software development operations in this field, including information technology (IT), information technology-enabled services (ITES), business process outsourcing (BPO), and technical and professional services organizations.
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.
