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市场调查报告书
商品编码
1373749
BFSI 全球数位市场规模、份额、产业趋势分析报告:2023-2030 年最终用户、企业规模、部署类型、技术和地区的展望与预测Global Digital Transformation in BFSI Market Size, Share & Industry Trends Analysis Report By End User, By Enterprise Size, By Deployment Type, By Technology, By Regional Outlook and Forecast, 2023 - 2030 |
BFSI 的数位转型市场规模预计到 2030 年将达到 2,150 亿美元,预测期内市场年复合成长率率为 15.8%。
根据KBV Cardinal矩阵中发布的分析,Google有限责任公司和微软公司是该市场的先驱。 2022 年 7 月,Google LLC 与 Arvest Bank 建立合作伙伴关係,作为全面数位转型策略的一部分,Arvest Bank 将其资料中心迁移到 Google Cloud,同时利用 Google 的 AI 和机器学习工具增强客户服务。 Accenture PLC、IBM Corporation 和 SAP SE 等公司是该市场的主要创新者。
市场成长要素
扩大尖端技术的接受度
自从颠覆性技术出现以来,银行和金融科技产业发生了巨大变化。此外,银行和金融科技机构越来越多地使用人工智慧和机器学习,为 BFSI 企业实现数位转型和创造利润创造了潜力。此外,许多银行和金融机构正在使用人工智慧驱动的银行解决方案为客户提供更快、更有效的顾客关怀。随着更先进技术的集成,BFSI部门预计将在未来年度经历重大的数位转型。
满足基本银行需求的个人化 IT 解决方案激增
BFSI 领域数位转型的一个重要方面是开发适合银行独特需求的 IT 解决方案。客户和业务需求不断变化,传统银行解决方案无法跟上。银行越来越依赖客製化 IT 解决方案来实现其独特的目标并提供客製化的使用者体验和专业功能。这些是推动市场的一些关键因素。
市场抑制因素
遗留系统和基础设施问题
旧有系统和基础设施通常以过时的技术和僵化的架构为特征,事实证明,它们是追求更敏捷、以客户为中心的数位未来的巨大障碍。旧有系统阻碍数位转型的主要方式之一是限制其敏捷性和适应性。这些系统旨在数位银行和数数位保险的早期执行特定功能。因此,他们缺乏对快速变化的市场动态、新技术和不断变化的客户偏好做出快速反应的弹性。这种固有的弹性缺乏抑制了 BFSI 部门的创新能力,并阻碍了其快速推出新数位服务和产品的能力。
组件展望
按组成部分,市场分为解决方案和服务。 2022年,解决方案领域占据市场最高收益占有率。数位解决方案可实现更快、即时的金融交易,减少处理时间并增强流动性管理。这些解决方案还帮助 BFSI 组织遵守监管要求并确保资料保护和隐私。数位转型解决方案能够整合各种来源的资料,并提供客户资料和财务活动的全面视图。
最终用户前景
根据最终用户,市场分为银行、保险公司等。预计到 2022 年,保险公司部门将在市场上占据显着的收益占有率。保险公司正在积极采用数位技术和创新来改变 BFSI 行业的各个方面。保险公司正在探索区块链,透过创建透明且不可变的保单、申请和交易记录来防止诈骗。保险公司还提供数位自助服务门户,使保单持有人可以轻鬆存取其保单、支付保费、提交申请和更新资讯。
公司规模展望
根据公司规模,市场分为大型企业和小型企业。 2022年,大型企业细分市场占据最大的销售份额。数位的采用可以为大公司节省成本。自动化日常流程,减少对实体商店的需求,并简化后台业务。为了在 BFSI 领域保持竞争力,我们必须拥抱数位创新。大型企业了解数位银行平台、进阶分析和人工智慧驱动的客户服务可以为他们带来客户获取和保留方面的优势。
部署类型展望
根据部署类型,市场分为本地和云端。到 2022 年,云端领域将在市场中占据重要的收益占有率。可以快速配置和部署云端服务,从而缩短新数位服务和应用程式的上市时间。这种能力在快节奏的 BFSI部门尤其重要。云端基础的部署消除了对硬体和基础设施的大量初始资本支出的需要,使企业能够以计量收费的模式运营,从而实现长期成本节省。
技术展望
依技术划分,市场分为人工智慧、云端运算、区块链、巨量资料和业务分析、网路安全等。巨量资料和商业分析领域在 2022 年占据了市场最大的收入份额。金融服务业(BFSI)中的「巨量资料」是指透过ATM交易、现金交易、线上资金转帐、开户、风险评估、付款各种活动及时用于金融服务的资料。以及其他资料。指的是在
区域展望
从区域来看,我们对北美、欧洲、亚太地区和拉丁美洲地区的市场进行了分析。 2022 年,亚太地区在市场中占据了重要的收益占有率。最新的金融科技系统正快速渗透到社会,从中国和印度等快速成长的新兴国家到澳洲和日本等成熟市场。人们正在获得越来越多的虚拟金融服务。亚洲国家的公司正在透过实施有效且简化的解决方案来改善客户体验并扩大基本客群,从而创造盈利的市场潜力。
The Global Digital Transformation in BFSI Market size is expected to reach $215 billion by 2030, rising at a market growth of 15.8% CAGR during the forecast period.
Bitcoin, Dash, Ripple, and many more digital currencies are being developed using blockchain technology. Cross-border payments might then be made in real-time and be less expensive. Hence, the blockchain segment generated $5,665.6 million revenue in the market in 2022. Numerous nations, including Australia, Canada, Japan, and the United States, use bitcoins for payment. For instance, businesses like the DISH Network, Microsoft Store, Overstock.com, and Subway accept Bitcoin payments in the United States.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2023, Cognizant Technology Solutions Corporation teamed up with Max Life Insurance Co. Ltd. to expedite Max Life's digital transformation initiatives. Additionally, In June 22023, Fujitsu Limited teamed up with Mizuho Financial Group, Inc. Through this collaboration, both companies-initiated verification trials leveraging Fujitsu's generative AI technology to streamline system development and maintenance operations for Mizuho.
Based on the Analysis presented in the KBV Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Market. In July, 2022, Google LLC entered into a partnership with Arvest Bank following which Arvest Bank would transfer its data centers to Google Cloud as part of a comprehensive digital transformation strategy, while also harnessing Google's AI and machine learning tools to enhance customer service. Companies such as Accenture PLC, IBM Corporation, and SAP SE are some of the key innovators in the market.
Market Growth Factors
Growing Acceptance of Advanced Technologies
Since the advent of disruptive technology, the banking and fintech industries have significantly transformed. Additionally, the growing use of AI and ML in banking and fintech institutions creates a profitable potential for the BFSI business to transform digitally. Additionally, many banks and financial institutions use banking solutions powered by artificial intelligence to offer customers faster and more effective customer care. The BFSI sector is projected to experience considerable prospects for digital transformation as more advanced technologies are integrated in the coming years.
Surge In Personalized IT Solutions for Basic Banking Needs
An essential aspect of the digital transformation in the BFSI sector is the development of IT solutions specific to banks' changing and unique needs. The demands of customers and enterprises are constantly evolving, and traditional banking solutions cannot keep up. Banks are increasingly resorting to bespoke IT solutions to satisfy their unique objectives and provide a customized user experience and specialized functionality. These are a few of the key elements that are propelling the market.
Market Restraining Factors
Issues With Legacy Systems and Infrastructure
Legacy systems and infrastructure, often characterized by outdated technology and rigid architectures, have proven to be formidable roadblocks in pursuing a more agile and customer-centric digital future. One of the primary ways legacy systems hinder digital transformation is through their limited agility and adaptability. These systems were designed to fulfill specific functions in an era when digital banking and insurance were in their infancy. As a result, they lack the flexibility to swiftly respond to rapidly changing market dynamics, emerging technologies, and shifting customer preferences. This inherent inflexibility inhibits the BFSI sector's ability to innovate and hampers its capacity to promptly introduce new digital services and products.
Component Outlook
By component, the market is segmented into solution and services. In 2022, the solution segment held the highest revenue share in the market. Digital solutions enable faster and real-time financial transactions, reducing processing times and enhancing liquidity management. These solutions also help BFSI organizations comply with regulatory requirements, ensuring data protection and privacy. Digital transformation solutions enable the integration of data from various sources, providing a comprehensive view of customer profiles and financial activities.
End-User Outlook
Based on end user, the market is categorized into banks, insurance companies, and others. The insurance companies segment projected a prominent revenue share in the market in 2022. Insurance companies actively embrace digital technologies and innovation to transform various aspects of the BFSI sector. Insurance companies are exploring blockchain for fraud prevention by creating transparent and immutable records of policies, claims, and transactions. Also, insurance companies are offering digital self-service portals that allow policyholders to access their policies, pay premiums, make claims, and update their information conveniently.
Enterprise Size Outlook
Based on enterprise size, the market is classified into large enterprises and small & medium-sized enterprises. In 2022, the large enterprises segment dominated the largest revenue share in the market. Digital adoption can lead to cost savings for large enterprises. It allows for the automation of routine processes, reduces the need for physical branches, and streamlines back-office operations. Staying competitive in the BFSI sector requires embracing digital innovations. Large enterprises understand that digital banking platforms, advanced analytics, and AI-powered customer service can give them an edge in attracting and retaining customers.
Deployment Type Outlook
On the basis of deployment type, the market is fragmented into on-premise and cloud. The cloud segment covered a considerable revenue share in the market in 2022. Cloud services can be rapidly provisioned and deployed, reducing the time it takes to market new digital services and applications. This ability is particularly important in the fast-paced BFSI sector. Cloud-based deployment eliminates the need for significant upfront capital expenditures on hardware and infrastructure, allowing organizations to operate on a pay-as-you-go model, leading to cost savings over time.
Technology Outlook
By technology, the market is divided into artificial intelligence, cloud computing, blockchain, big data & business analytics, cybersecurity, and others. The big data and business analytics segment procured the maximum revenue share in the market in 2022. The term "big data" in the context of the financial services industry (BFSI) refers to enormous, voluminous data sets that are heterogeneous and produced timely in the financial services via various activities like ATM transactions, cash transactions, online fund transfers, account openings, risk assessments, payment clearance, and other activities.
Region Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region garnered a substantial revenue share in the market in 2022. Modern FinTech systems are quickly ingraining themselves into society, from fast-growing new countries like China and India to mature markets like Australia and Japan. People are acquiring access to an expanding variety of virtual financial services. Businesses in Asian nations implement effective and streamlined solutions to improve their customer experience and grow their client base, creating a profitable potential for market.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include HID Global Corporation (Assa Abloy AB), Google LLC (Alphabet Inc.), Microsoft Corporation, SAP SE, Oracle Corporation, Alphasense, Inc., Accenture PLC, Cognizant Technology Solutions Corporation, Fujitsu Limited, and IBM Corporation.
Recent Strategies Deployed in Digital Transformation in BFSI Market
Partnerships, Collaborations, and Agreements:
Jul-2023: Cognizant Technology Solutions Corporation Teamed up with Max Life Insurance Co. Ltd. provider of a wide range of insurance and financial solutions. Through this collaboration, both companies would unite to expedite Max Life's digital transformation initiatives. Further, this innovation and technology development centre's primary goal is to foster product innovations, elevate customer experiences, and champion operational excellence at Max Life.
Jun-2023: International Business Machines Corporation entered into a partnership with First Abu Dhabi Bank (FAB), a banking institution based in the United Arab Emirates, offering a wide range of financial services. With this partnership, International Business Machines Corporation would Assist First Abu Dhabi Bank (FAB) in transitioning additional applications to the cloud as part of the bank's ongoing digital infrastructure modernization journey. Further, this partnership would empower the bank to enhance its technology infrastructure through a hybrid multi-cloud strategy, fostering cost-efficiency, productivity gains, and innovation opportunities.
Jun-2023: International Business Machines Corporation teamed up with Mannai InfoTech, a Qatar-based IT services company specializing in information technology and business solutions. Through this collaboration, IBM's consulting and technology teams have implemented a new architecture for Qatar National Bank's digital banking platform, resulting in increased productivity and a seamless user experience, as reported by the bank.
Jun-2023: Fujitsu Limited teamed up with Mizuho Financial Group, Inc., a financial services corporation offering a wide range of banking, financial, and related services. Through this collaboration, both companies-initiated verification trials leveraging Fujitsu's generative AI technology to streamline system development and maintenance operations for Mizuho.
May-2023: SAP SE formed a partnership with Google Cloud, a provider of a comprehensive suite of cloud computing and data analytics services for businesses and organizations worldwide. Through this partnership, both companies would unveil a comprehensive open data offering designed to simplify data landscapes and unleash the power of business data. Further, this offering would empower the customers to create a comprehensive data cloud that consolidates data from their entire enterprise, utilizing the SAP® Datasphere solution in conjunction with Google's data cloud.
Oct-2022: Oracle Corporation teamed up with HSBC, a leading global bank and financial services provider. Through this collaboration, HSBC would enhance its database systems by upgrading and migrating them to Oracle Exadata Cloud@Customer, a cloud platform provided as a managed infrastructure service within HSBC's own data centers.
Jul-2022: Google LLC entered into a partnership with Arvest Bank, a regional bank in the United States, that provides a range of financial services Arvest Bank would transfer its data centers to Google Cloud as part of a comprehensive digital transformation strategy, while also harnessing Google's AI and machine learning tools to enhance customer service.
May-2022: SAP SE joined hands with Accenture, a global professional services company offering a wide range of consulting, technology, and outsourcing solutions. Through this collaboration, the new joint solution merges the RISE with SAP offering with Accenture's SOAR services, enhanced with additional features encompassing Accenture's full range of transformation services, including tailored cloud services and proprietary intelligent tools, all delivered through an integrated as-a-service approach.
Jun-2021: Oracle Corporation teamed up with Deutsche Bank, a global financial institution offering a wide array of financial services. Through this collaboration, Deutsche Bank would upgrade its current database systems and transfer the majority of its Oracle Database assets to Oracle Exadata Cloud@Customer, an on-premises alternative to the Oracle Exadata Cloud Service.
Apr-2021: Google LLC entered into a partnership with NCR Corporation, a global technology company specializing in omnichannel banking and point-of-sale solutions. Through this partnership, Google would provide NCR corporation with its Digital Banking software portfolio in the cloud and encompassing NCR Channel Services for retail banking and the NCR Authentic card and payments processing platform.
Oct-2020: Accenture PLC Joined hands with ServiceNow, a leading software platform that offers a wide range of cloud-based solutions. Through this collaboration, both companies would establish a worldwide business division focused on digital transformation initiatives. Further, The division will have a specific emphasis on assisting clients in developing self-service and remote work initiatives.
Aug-2020: Accenture PLC entered into a partnership with RBL Bank, a prominent private sector bank in India, offering a wide range of banking and financial services to customers. Through this partnership, Accenture LLC would offer managed services to aid RBL Bank in modernizing and consolidating its extensive and diverse application environment. Further, this Partnership would assist the bank in delivering advanced banking services, increasing the scalability and resilience of its systems and processes, and enhancing operational efficiency.
Jul-2020: Google LLC formed a partnership with Deutsche Bank AG, a prominent German multinational bank offering a wide range of financial services globally. Through this Partnership, Google LLC would offer its cloud computing services to Deutsche Bank AG for their strategic transformation.
Acquisition and Mergers:
Sep-2023: SAP SE completed the acquisition of LeanIX GmbH, a software company specializing in Enterprise Architecture Management (EAM) solutions. With this acquisition, SAP SE would be able to broaden its business transformation portfolio, granting customers access to a comprehensive toolkit necessary for ongoing business transformation, while also enabling AI-powered process optimization.
Sep-2023: Fujitsu Limited completed the acquisition of Innovation Consulting Services (ICS), a SAP consultancy specializing in providing innovative solutions and services. Through this acquisition, Fujitsu Limited would be able to enhance its SAP consulting and managed services capabilities in the Asia Pacific region. Further, the acquisition leverages the combined SAP experience, expertise, and professional track records of Fujitsu and ICS to boost competitiveness and reinforce SAP business capabilities in the region.
Jun-2023: International Business Machines Corporation completed the acquisition of Agyla SAS, a technology company specializing in software development and solutions. Through this acquisition, International Business Machines Corporation would enhance its cloud expertise and support for clients in France. Further, this acquisition would expand IBM's range of hybrid multicloud services and strengthen the company's hybrid cloud and AI strategy in the region.
Jan-2023: Accenture PLC completed the acquisition of SKS Group, provider of a wide range of banking and financial solutions to individual and corporate clients. Through this acquisition, Accenture PLC would be able broaden its technology, consulting, and regulatory services offerings, strengthening its capacity to support specialized banks, including national promotional banks that offer financial and developmental support to local businesses and communities.
Dec-2022: International Business Machines Corporation completed the acquisition of Octo, a technology consulting firm specializing in providing digital services and solutions. Through this acquisition, International Business Machines Corporation would be able to create a significant digital transformation partner for the federal government, making it one of the largest in this space.
Nov-2022: Cognizant Technology Solutions Corporation completed the acquisition of AustinCSI, a provider of innovative technology solutions and consulting services. With this acquisition, Cognizant Technology Solutions Corporation would be able to enhance its technological capabilities and industry-specific knowledge, strengthening its advisory services to provide clients with comprehensive digital strategies and innovative solutions.
Jun-2022: Accenture PLC completed the acquisition of Allgemeines Rechenzentrum GmbH (ARZ), a provider of secure and efficient IT solutions for the financial sector and public administration. Through this acquisition, Accenture PLC would be able to broaden Accenture's range of cloud-based banking platform-as-a-service offerings in Europe, encompassing core banking services, online banking, and regulatory services for banking clients.
May-2022: AlphaSense Inc. completed the acquisition of Sentieo, a financial research platform and document search tool used by investment professionals. Through this acquisition, AlphaSense Inc. would continue its strategic approach of expanding their product and content offerings to enhance the value offered to the customers.
Mar-2022: AP SE completed the acquisition of taulia, a fintech company specializing in supply chain finance and working capital solutions. With this acquisition, SAP SE would be able to enhance its business network and reinforce its offerings for the CFO office. Both companies would provide software services together.
Market Segments covered in the Report:
By Component
By End User
By Enterprise Size
By Deployment Type
By Technology
By Geography
Companies Profiled
Unique Offerings from KBV Research