Global Financial App Market Research Report, By Software (Audit, Risk & Compliance, Bi & Analytics Application, Business Transaction Processing, And Others), By Deployment, By Service, By Organization Size, And By End-Users - Forecast Till 2023

ID: MRFR/ICT/4194-HCR | February 2021 | Region: Global | 100 pages

Market Scenario:, A financial service application is a software program that handles, coordinates, and manages the finances of an individual as well as business enterprises. Technology has made a tremendous impact on financial services sector. Increase in smartphones and digital online transactions are the contributing factors for the growth of the financial sector. In the light of these factors, more and more people are being able to avail financial services; from opening a simple bank account to availing a loan. Furthermore, cloud services are also being adopted by financial sector. The integration of cloud services and deployment models in business enterprises, along with functional departments covering financial services are being transformed into cloud. For instance, banking sector is adopting cloud services for core banking solution, lease and lending services, and revenue management & billing cloud services. , With the increasing demand for cloud services in financial sector, the solution providers such as Oracle corporation offers financial services such industry specific SaaS which include Insurance Data Exchange, Insurance Revenue Management & Billing Cloud, and Health Insurance Value Based Payment Cloud Service and others., Internet of things (IoT) is an emerging trend in banking and financial service sectors. With the increase in adoption rate of connected devices, such as smartphones, banks offer complete and transparent view of individual finances at real time. Banks are able to presume customer requirements with the help of analytical tools, such as BI, to provide necessary assistance to customers in making financial decisions. , Increase in online transactions is expected to increase the risk of cyber-threat, which is expected to hinder the growth of the market through the forecast period. Furthermore, lack of knowledge in operating financial applications through mobile devices could be a major challenging factor for financial application market over the forecast period. , Global Financial App Market, 2017-2023 (USD Billion), , Source: MRFR Analysis, The global Financial App market is expected to reach approximately USD 114.28 billion by 2023 growing at a 7% CAGR through the forecast period of 2017-2023, Key Players, Some of the key players of Financial App market include Accenture Plc (Ireland), FIS Corporation (U.S.), Fiserv Inc (U.S.), IBM Corporation (U.S.), Infosys Ltd (India), Misys (U.K

Synopsis of Global Financial App Market

Market Scenario:

A financial service application is a software program that handles, coordinates, and manages the finances of an individual as well as business enterprises. Technology has made a tremendous impact on financial services sector. Increase in smartphones and digital online transactions are the contributing factors for the growth of the financial sector. In the light of these factors, more and more people are being able to avail financial services; from opening a simple bank account to availing a loan. Furthermore, cloud services are also being adopted by financial sector. The integration of cloud services and deployment models in business enterprises, along with functional departments covering financial services are being transformed into cloud. For instance, banking sector is adopting cloud services for core banking solution, lease and lending services, and revenue management & billing cloud services.

With the increasing demand for cloud services in financial sector, the solution providers such as Oracle corporation offers financial services such industry specific SaaS which include Insurance Data Exchange, Insurance Revenue Management & Billing Cloud, and Health Insurance Value Based Payment Cloud Service and others.

Internet of things (IoT) is an emerging trend in banking and financial service sectors. With the increase in adoption rate of connected devices, such as smartphones, banks offer complete and transparent view of individual finances at real time. Banks are able to presume customer requirements with the help of analytical tools, such as BI, to provide necessary assistance to customers in making financial decisions.

Increase in online transactions is expected to increase the risk of cyber-threat, which is expected to hinder the growth of the market through the forecast period. Furthermore, lack of knowledge in operating financial applications through mobile devices could be a major challenging factor for financial application market over the forecast period.

Global Financial App Market, 2017-2023 (USD Billion)

Financial App Market

Source: MRFR Analysis

The global Financial App market is expected to reach approximately USD 114.28 billion by 2023 growing at a 7% CAGR through the forecast period of 2017-2023

Key Players

Some of the key players of Financial App market include Accenture Plc (Ireland), FIS Corporation (U.S.), Fiserv Inc (U.S.), IBM Corporation (U.S.), Infosys Ltd (India), Misys (U.K), Oracle Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India),and Temenos Group AG (Switzerland)

Segmentation

The Financial App market is segmented into software, services, deployment, organization size, and end-user.

By software, the Financial App market is sub-segmented into audit, risk & compliance management, BI & analytics applications, and customer experience. Based on service, the market is categorized into training & support, consulting service, integration & implementation, operation & maintenance, and others. On the basis of deployment, the market is segmented into on-premises and on-cloud.

Based on organization size, the market is bifurcated into large enterprise and small & medium enterprises. On the basis of end-user, the market is differentiated into retail, government, BFSI, and others.

Regional Analysis

Geographically, the Financial App is segmented into four different regions, namely North America, Asia Pacific, Europe, and Rest of the World.

North America is expected to have a significant growth in the Financial App market, with The U.S. and Canada as the leading countries. This is due to rise in implementation of technologies such as Business Intelligence to facilitate professional services. The United Kingdom, France, and Germany are expected to be the leading countries in the Europe region, owing to increasing awareness regarding mobile applications, which is expected to continue over the next few years. Asia Pacific is also anticipated to be the fastest growing region in the Financial App market through the forecast period, with India, Japan, and China as the leading countries due to increasing number of smartphone users

Target Audience

Research Firms

Government Agencies

Financial App Service Providers

Associations, Organizations, Forums and Alliances related to Financial App

Software Solution Providers

Educational Institution, University, and Research Organization.

Frequently Asked Questions (FAQ) :

Why is the financial app market expected to earn high revenues in the near future?

Increasing digitization in the BFSI industry is expected to boost the expansion of the financial app market in the near future.

At what rate is the financial app market expected to grow?

As per the analysis, the financial app market is poised to mark 7% CAGR between 20177 and 2023.

What is assessed to be the valuation of the financial app market by 2023 end?

The financial app market is poised to earn USD 114.28 Bn by 2023.

By software, what are the segments of the financial app profiled?

The segments of the financial app profiled are audit, BI & analytics applications, customer experience, and risk & compliance management.

Mention few of the players of the financial app market assessed.

Few of the key players assessed are Accenture Plc (Ireland), Fiserv Inc (U.S.), FIS Corporation (U.S.), IBM Corporation (U.S.), Misys (U.K), Infosys Ltd (India), Oracle Corporation (U.S.), Tata Consultancy Services Limited (India), SAP SE (Germany), and Temenos Group AG (Switzerland).

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Business Function

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Financial App Market

5 Industry Overview of Global Financial App Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Financial App Market by Software

7.1 Introduction

7.2 Audit, Risk & Compliance Management

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 BI & Analytics Applications

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Customer Experience

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Financial App Market by Service

8.1 Introduction

8.2. Training & Support

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Consulting Service

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Integration & Implementation

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Operation & Maintenance

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Others

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

9 Global Financial App Market by Deployment

9.1 On-Premises

9.1.1 Market Estimates & Forecast, 2017-2023

9.1.2 Market Estimates & Forecast by Region, 2017-2023

9.2 On-Cloud

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Financial App Market by Organization size

10.1 Introduction

10.2 Large Enterprises

10.2.1 Market Estimates & Forecast, 2017-2023

10.2.2 Market Estimates & Forecast by Region, 2017-2023

10.3 Small and Medium Enterprises

10.3.1 Market Estimates & Forecast, 2017-2023

10.3.2 Market Estimates & Forecast by Region, 2017-2023

11. Global Financial App Market by End-users

11.1 Introduction

11.2 BFSI

11.2.1 Market Estimates & Forecast, 2017-2023

11.2.2 Market Estimates & Forecast by Region, 2017-2023

11.3 Government

11.3.1 Market Estimates & Forecast, 2017-2023

11.3.2 Market Estimates & Forecast by Region, 2017-2023

11.4 Retail & E-commerce

11.4.1 Market Estimates & Forecast, 2017-2023

11.4.2 Market Estimates & Forecast by Region, 2017-2023

11.5 Others

11.5.1 Market Estimates & Forecast, 2017-2023

11.5.2 Market Estimates & Forecast by Region, 2017-2023

12. Global Financial App Market by Region

12.1 Introduction

12.2 North America

12.2.1 Market Estimates & Forecast, 2017-2023

12.2.2 Market Estimates & Forecast by Software, 2017-2023

12.2.3 Market Estimates & Forecast by Service , 2017-2023

12.2.4 Market Estimates & Forecast by Deployment, 2017-2023

12.2.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.2.6 Market Estimates & Forecast by End-User, 2017-2023

12.2.7 U.S.

12.2.7.1 Market Estimates & Forecast, 2017-2023

12.2.7.2 Market Estimates & Forecast by Software, 2017-2023

12.2.7.3 Market Estimates & Forecast by Service , 2017-2023

12.2.7.4 Market Estimates & Forecast by Deployment, 2017-2023

12.2.7.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.2.7.6 Market Estimates & Forecast by End-User, 2017-2023

12.2.7 Canada

12.2.7.1 Market Estimates & Forecast, 2017-2023

12.2.7.2 Market Estimates & Forecast by Software, 2017-2023

12.2.7.3 Market Estimates & Forecast by Service , 2017-2023

12.2.7.4 Market Estimates & Forecast by Deployment, 2017-2023

12.2.7.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.2.7.6 Market Estimates & Forecast by End-User, 2017-2023
12.3 Europe

12.3.1 Market Estimates & Forecast, 2017-2023

12.3.2 Market Estimates & Forecast by Software, 2017-2023

12.3.3 Market Estimates & Forecast by Service , 2017-2023

12.3.4 Market Estimates & Forecast by Deployment, 2017-2023

12.3.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.3.6 Market Estimates & Forecast by End-User, 2017-2023
12.3.7 Germany

12.3.7.1 Market Estimates & Forecast, 2017-2023

12.3.7.2 Market Estimates & Forecast by Software, 2017-2023

12.3.7.3 Market Estimates & Forecast by Service , 2017-2023

12.3.7.4 Market Estimates & Forecast by Deployment, 2017-2023

12.3.7.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.3.7.6 Market Estimates & Forecast by End-User, 2017-2023

12.3.8. France

12.3.8.1 Market Estimates & Forecast, 2017-2023

12.3.8.2 Market Estimates & Forecast by Software, 2017-2023

12.3.8.3Market Estimates & Forecast by Service , 2017-2023

12.3.8.4 Market Estimates & Forecast by Deployment, 2017-2023

12.3.8.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.3.8.6 Market Estimates & Forecast by End-User, 2017-2023

12.3.9. U.K

12.3.9.1 Market Estimates & Forecast, 2017-2023

12.3.9.2 Market Estimates & Forecast by Software, 2017-2023

12.3.9.3 Market Estimates & Forecast by Service , 2017-2023

12.3.9.4 Market Estimates & Forecast by Deployment, 2017-2023

12.3.9.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.3.9.6 Market Estimates & Forecast by End-User, 2017-2023

12.4 Asia Pacific

12.4.1 Market Estimates & Forecast, 2017-2023

12.4.2 Market Estimates & Forecast by Software, 2017-2023

12.4.3 Market Estimates & Forecast by Service , 2017-2023

12.4.4 Market Estimates & Forecast by Deployment, 2017-2023

12.4.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.4.6 Market Estimates & Forecast by End-User, 2017-2023
12.4.7 China

12.4.7.1 Market Estimates & Forecast, 2017-2023

12.4.7.2 Market Estimates & Forecast by Software, 2017-2023

12.4.7.3 Market Estimates & Forecast by Service , 2017-2023

12.4.7.4 Market Estimates & Forecast by Deployment, 2017-2023

12.4.7.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.4.7.6 Market Estimates & Forecast by End-User, 2017-2023

12.4.8 India

12.4.8.1 Market Estimates & Forecast, 2017-2023

12.4.8.2 Market Estimates & Forecast by Software, 2017-2023

12.4.8.3 Market Estimates & Forecast by Service , 2017-2023

12.4.8.4 Market Estimates & Forecast by Deployment, 2017-2023

12.4.8.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.4.8.6 Market Estimates & Forecast by End-User, 2017-2023
12.4.9 Japan

12.4.9.1 Market Estimates & Forecast, 2017-2023

12.4.9.2 Market Estimates & Forecast by Software, 2017-2023

12.4.9.3 Market Estimates & Forecast by Service , 2017-2023

12.4.9.4Market Estimates & Forecast by Deployment, 2017-2023

12.4.9.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.4.9.6 Market Estimates & Forecast by End-User, 2017-2023

12.4.10 Rest of Asia Pacific

12.4.10.1 Market Estimates & Forecast, 2017-2023

12.4.10.2 Market Estimates & Forecast by Software, 2017-2023

12.4.10.3 Market Estimates & Forecast by Service , 2017-2023

12.4.10.4 Market Estimates & Forecast by Deployment, 2017-2023

12.4.10.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.4.10.6 Market Estimates & Forecast by End-User, 2017-2023
12.5 Rest of the World

12.5.1 Market Estimates & Forecast, 2017-2023

12.5.2 Market Estimates & Forecast by Software, 2017-2023

12.5.3 Market Estimates & Forecast by Service , 2017-2023

12.5.4 Market Estimates & Forecast by Deployment, 2017-2023

12.5.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.5.6 Market Estimates & Forecast by End-User, 2017-2023

12.5.7 The Middle East & Africa

12.5.7.1 Market Estimates & Forecast, 2017-2023

12.5.7.2 Market Estimates & Forecast by Software, 2017-2023

12.5.7.3 Market Estimates & Forecast by Service , 2017-2023

12.5.7.4 Market Estimates & Forecast by Deployment, 2017-2023

12.5.7.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.5.7.6 Market Estimates & Forecast by End-User, 2017-2023
12.5.8 Latin Countries

12.5.8.1 Market Estimates & Forecast, 2017-2023

12.5.8.2 Market Estimates & Forecast by Software, 2017-2023

12.5.8.3 Market Estimates & Forecast by Service , 2017-2023

12.5.8.4 Market Estimates & Forecast by Deployment, 2017-2023

12.5.8.5 Market Estimates & Forecast by Organization Size, 2017-2023

12.5.8.6 Market Estimates & Forecast by End-User, 2017-2023
13. Company Landscape

14. Company Profiles

14.1 Accenture Plc (Ireland)

14.1.1 Company Overview

14 1.2 Product/Business Segment Overview

14.1.3 Financial Updates

14.1.4 Key Developments

14.2 FIS Corporation (U.S.)

14.2.1 Company Overview

14.2.2 Product/Business Segment Overview

14.2.3 Financial Updates

14.2.4 Key Developments

14.3 Fiserv Inc. (U.S.)

14.3.1 Company Overview

14.3.2 Product/Business Segment Overview

14.3 3 Financial Updates

14.3.4 Key Developments

14.4 IBM Corporation (U.S.)

14.4.1 Company Overview

14.4.2 Product/Business Segment Overview

14.4 3 Financial Updates

14.4.4 Key Developments

14.5 Infosys Ltd (India)

14.5.1 Company Overview

14.5.2 Product/Business Segment Overview

14.5.3 Financial Updates

14.5.4 Key Developments

14.6 Misys (U.K)

14.6.1 Company Overview

14.6.2 Product/Business Segment Overview

14.6.3 Financial Updates

14.6.4 Key Developments

14.7 Oracle Corporation (U.S.)

14.7.1 Company Overview

14.7.2 Product/Business Segment Overview

14.7.3 Financial Updates

14.7 4 Key Developments

14.8 SAP SE (Germany)

14.8.1 Company Overview

14.8.2 Product/Business Segment Overview

14.8 3 Financial Updates

14.8.4 Key Developments

14.9 TCS Ltd. (India)

14.9.1 Company Overview

14.9.2 Product/Business Segment Overview

14.9.3 Financial Updates

14.9.4 Key Developments

14.10 Temenos Group AG (Switzerland)

14.10.1 Company Overview

14.10.2 Product/Business Segment Overview

14.10.3 Financial Updates

14.10.4 Key Developments

15 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2017 To 2023)

Table2 Global Financial App Market: By Region, 2017-2023

Table3 North America Financial App Market: By Country, 2017-2023

Table4 Europe Financial App Market: By Country, 2017-2023

Table5 Asia Pacific Financial App Market: By Country, 2017-2023

Table6 The Middle East & Africa Financial App Market: By Country, 2017-2023

Table7 Latin America Financial App Market: By Country, 2017-2023

Table8 Global Financial App by Software Market: By Regions, 2017-2023

Table9 North America Financial App by Software Market: By Country, 2017-2023

Table10 Europe Financial App by Software Market: By Country, 2017-2023

Table11 Asia Pacific Financial App by Software Market: By Country, 2017-2023

Table12 The Middle East & Africa Financial App by Software Market: By Country, 2017-2023

Table13 Latin America Financial App by Software Market: By Country, 2017-2023

Table14 Global Financial App by Industry Market: By Regions, 2017-2023

Table15 North America Financial App by Industry Market: By Country, 2017-2023

Table16 Europe Financial App by Industry Market: By Country, 2017-2023

Table17 Asia Pacific Financial Appby Industry Market: By Country, 2017-2023

Table18 The Middle East & Africa Financial App by Industry Market: By Country, 2017-2023

Table19 Latin America Financial App by Industry Market: By Country, 2017-2023

Table20 North America Financial App for Industry Market: By Country, 2017-2023

Table21 Europe Financial App for Industry Market: By Country, 2017-2023

Table22 Asia Pacific Financial App for Industry Market: By Country, 2017-2023

Table23 The Middle East & Africa Financial App for Industry Market: By Country, 2017-2023

Table24 Global Software Market: By Region, 2017-2023

Table25 Global Industry Market By Region, 2017-2023

Table26 Global Industry Market By Region, 2017-2023

Table27 North America Financial App Market, By Country

Table28 North America Financial App Market, By Software

Table29 North America Financial App Market, By Product

Table30 Europe Financial App Market, By Product

Table31 Europe Financial App Market, By Software

Table32 Asia Pacific Financial App Market, By Country

Table33 Asia Pacific Financial App Market, By Software

Table34 Asia Pacific Financial App Market, By Product

Table35 The Middle East & Africa: Financial App Market, By Country

Table36 The Middle East & Africa Financial App Market, By Software

Table37 The Middle East & Africa Financial App Market, By Product

Table38 Latin America: Financial App Market, By Country

Table39 Latin America Financial App Market, By Software

Table40 Latin America Financial App Market, By Product

LIST OF FIGURES
FIGURE 1 Global Financial App Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Financial App Market

FIGURE 4 Value Chain of Global Financial App Market

FIGURE 5 Share of Global Financial App Market in 2017, by country (in %)

FIGURE 6 Global Financial App Market, 2017-2023,

FIGURE 7 Sub-segments of Software

FIGURE 8 Global Financial App Market size by Software, 2017

FIGURE 8 Share of Global Financial App Market by Software, 2017 TO 2023

FIGURE 9 Global Financial App Market size by Product, 2017

FIGURE 10 Share of Global Financial App Market by Product, 2017 TO 2023

FIGURE 11 Global Financial App Market size by Industry, 2017

FIGURE 12 Share of Global Financial App Market by Industry, 2017 TO 2023