About Software Consulting in Financial Services
Software consulting in financial services are operated for providing the consultancy to business owners for their day to day financial services. It helps in maximizing productivity, accurate analysis, and ROI as it automates the process of planning and execution of providing financial services. Software consulting in financial services delivers migration & maintenance services, design services, enterprise solutions, application, and security testing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), SAP SE (Germany), Oracle Corporation (United States), Avaloq (Switzerland), ScienceSoft Corporation (United States), Capgemini SE (France) and Nous Infosystems Pvt. Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Software Consulting in Financial Services market by Type (Enterprise Solutions, Application Development, Migration & Maintenance services, Design Services, Application Testing Services and Software Security Services), Application (Large Enterprise and Small & Medium Enterprise) and Region.
On the basis of geography, the market of Software Consulting in Financial Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Individual Banking will boost the Software Consulting in Financial Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-cloud will boost the Software Consulting in Financial Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Software as a Service facility in the Financial Services and Rising Usability of Big Data Analytics in the Software Consulting in Financial Services
Market Growth Drivers:
Need for the Automation in the Financial Services and Demand for Enhanced Productivity, Minimized Errors, and Accurate Analysis
Challenges:
Technological Supportability and Connectivity Problems
Restraints:
Risk of Cyber Data Related Problem and Regulatory Compliances with Software Consulting in Financial Services
Opportunities:
Technological Upgradation in the Software Consulting in Financial Services
On 17th August 2020, Avaloq, a Swiss company that provides systems and automation solutions to the financial services industry, has launched its own business consulting arm. The move is illustrative of the growing demand from financial services institutions for an integrated offering from its solution vendors. Banks and asset and wealth managers use Avaloq’s software, Business Process as a Service (BPaaS), and Software as a Service (SaaS) solutions to run their core operations and automate parts of their processes.
Key Target Audience
Software Consulting in Financial Services Providers, Software Consulting in Financial Services Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.