Financial App Market Research Report - Forecast to 2027

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 2027

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

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.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 114.28 Billion (2023)
  CAGR   7% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Software, By Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   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.
  Key Market Drivers

  • North America is expected to have a significant growth in the Financial App market, with The U.S. and Canada as the leading countries. \r\n
  • This is due to rise in implementation of technologies such as Business Intelligence to facilitate professional services.

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    Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

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

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

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

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

    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, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 BI & Analytics Applications

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Customer Experience

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Financial App Market by Service

    8.1 Introduction

    8.2. Training & Support

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Consulting Service

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Integration & Implementation

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Operation & Maintenance

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Others

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    9 Global Financial App Market by Deployment

    9.1 On-Premises

    9.1.1 Market Estimates & Forecast, 2020-2027

    9.1.2 Market Estimates & Forecast by Region, 2020-2027

    9.2 On-Cloud

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Financial App Market by Organization size

    10.1 Introduction

    10.2 Large Enterprises

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Region, 2020-2027

    10.3 Small and Medium Enterprises

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Region, 2020-2027

    11. Global Financial App Market by End-users

    11.1 Introduction

    11.2 BFSI

    11.2.1 Market Estimates & Forecast, 2020-2027

    11.2.2 Market Estimates & Forecast by Region, 2020-2027

    11.3 Government

    11.3.1 Market Estimates & Forecast, 2020-2027

    11.3.2 Market Estimates & Forecast by Region, 2020-2027

    11.4 Retail & E-commerce

    11.4.1 Market Estimates & Forecast, 2020-2027

    11.4.2 Market Estimates & Forecast by Region, 2020-2027

    11.5 Others

    11.5.1 Market Estimates & Forecast, 2020-2027

    11.5.2 Market Estimates & Forecast by Region, 2020-2027

    12. Global Financial App Market by Region

    12.1 Introduction

    12.2 North America

    12.2.1 Market Estimates & Forecast, 2020-2027

    12.2.2 Market Estimates & Forecast by Software, 2020-2027

    12.2.3 Market Estimates & Forecast by Service , 2020-2027

    12.2.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.2.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.2.6 Market Estimates & Forecast by End-User, 2020-2027

    12.2.7 U.S.

    12.2.7.1 Market Estimates & Forecast, 2020-2027

    12.2.7.2 Market Estimates & Forecast by Software, 2020-2027

    12.2.7.3 Market Estimates & Forecast by Service , 2020-2027

    12.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.2.7.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.2.7.6 Market Estimates & Forecast by End-User, 2020-2027

    12.2.7 Canada

    12.2.7.1 Market Estimates & Forecast, 2020-2027

    12.2.7.2 Market Estimates & Forecast by Software, 2020-2027

    12.2.7.3 Market Estimates & Forecast by Service , 2020-2027

    12.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.2.7.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.2.7.6 Market Estimates & Forecast by End-User, 2020-2027

    12.3 Europe

    12.3.1 Market Estimates & Forecast, 2020-2027

    12.3.2 Market Estimates & Forecast by Software, 2020-2027

    12.3.3 Market Estimates & Forecast by Service , 2020-2027

    12.3.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.3.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.3.6 Market Estimates & Forecast by End-User, 2020-2027

    12.3.7 Germany

    12.3.7.1 Market Estimates & Forecast, 2020-2027

    12.3.7.2 Market Estimates & Forecast by Software, 2020-2027

    12.3.7.3 Market Estimates & Forecast by Service , 2020-2027

    12.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.3.7.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.3.7.6 Market Estimates & Forecast by End-User, 2020-2027

    12.3.8. France

    12.3.8.1 Market Estimates & Forecast, 2020-2027

    12.3.8.2 Market Estimates & Forecast by Software, 2020-2027

    12.3.8.3Market Estimates & Forecast by Service , 2020-2027

    12.3.8.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.3.8.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.3.8.6 Market Estimates & Forecast by End-User, 2020-2027

    12.3.9. U.K

    12.3.9.1 Market Estimates & Forecast, 2020-2027

    12.3.9.2 Market Estimates & Forecast by Software, 2020-2027

    12.3.9.3 Market Estimates & Forecast by Service , 2020-2027

    12.3.9.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.3.9.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.3.9.6 Market Estimates & Forecast by End-User, 2020-2027

    12.4 Asia Pacific

    12.4.1 Market Estimates & Forecast, 2020-2027

    12.4.2 Market Estimates & Forecast by Software, 2020-2027

    12.4.3 Market Estimates & Forecast by Service , 2020-2027

    12.4.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.4.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.4.6 Market Estimates & Forecast by End-User, 2020-2027

    12.4.7 China

    12.4.7.1 Market Estimates & Forecast, 2020-2027

    12.4.7.2 Market Estimates & Forecast by Software, 2020-2027

    12.4.7.3 Market Estimates & Forecast by Service , 2020-2027

    12.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.4.7.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.4.7.6 Market Estimates & Forecast by End-User, 2020-2027

    12.4.8 India

    12.4.8.1 Market Estimates & Forecast, 2020-2027

    12.4.8.2 Market Estimates & Forecast by Software, 2020-2027

    12.4.8.3 Market Estimates & Forecast by Service , 2020-2027

    12.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.4.8.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.4.8.6 Market Estimates & Forecast by End-User, 2020-2027

    12.4.9 Japan

    12.4.9.1 Market Estimates & Forecast, 2020-2027

    12.4.9.2 Market Estimates & Forecast by Software, 2020-2027

    12.4.9.3 Market Estimates & Forecast by Service , 2020-2027

    12.4.9.4Market Estimates & Forecast by Deployment, 2020-2027

    12.4.9.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.4.9.6 Market Estimates & Forecast by End-User, 2020-2027

    12.4.10 Rest of Asia Pacific

    12.4.10.1 Market Estimates & Forecast, 2020-2027

    12.4.10.2 Market Estimates & Forecast by Software, 2020-2027

    12.4.10.3 Market Estimates & Forecast by Service , 2020-2027

    12.4.10.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.4.10.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.4.10.6 Market Estimates & Forecast by End-User, 2020-2027

    12.5 Rest of the World

    12.5.1 Market Estimates & Forecast, 2020-2027

    12.5.2 Market Estimates & Forecast by Software, 2020-2027

    12.5.3 Market Estimates & Forecast by Service , 2020-2027

    12.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.5.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.5.6 Market Estimates & Forecast by End-User, 2020-2027

    12.5.7 The Middle East & Africa

    12.5.7.1 Market Estimates & Forecast, 2020-2027

    12.5.7.2 Market Estimates & Forecast by Software, 2020-2027

    12.5.7.3 Market Estimates & Forecast by Service , 2020-2027

    12.5.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.5.7.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.5.7.6 Market Estimates & Forecast by End-User, 2020-2027

    12.5.8 Latin Countries

    12.5.8.1 Market Estimates & Forecast, 2020-2027

    12.5.8.2 Market Estimates & Forecast by Software, 2020-2027

    12.5.8.3 Market Estimates & Forecast by Service , 2020-2027

    12.5.8.4 Market Estimates & Forecast by Deployment, 2020-2027

    12.5.8.5 Market Estimates & Forecast by Organization Size, 2020-2027

    12.5.8.6 Market Estimates & Forecast by End-User, 2020-2027

    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 (2020 TO 2027)

    Table2 Global Financial App Market: By Region, 2020-2027

    Table3 North America Financial App Market: By Country, 2020-2027

    Table4 Europe Financial App Market: By Country, 2020-2027

    Table5 Asia Pacific Financial App Market: By Country, 2020-2027

    Table6 The Middle East & Africa Financial App Market: By Country, 2020-2027

    Table7 Latin America Financial App Market: By Country, 2020-2027

    Table8 Global Financial App by Software Market: By Regions, 2020-2027

    Table9 North America Financial App by Software Market: By Country, 2020-2027

    Table10 Europe Financial App by Software Market: By Country, 2020-2027

    Table11 Asia Pacific Financial App by Software Market: By Country, 2020-2027

    Table12 The Middle East & Africa Financial App by Software Market: By Country, 2020-2027

    Table13 Latin America Financial App by Software Market: By Country, 2020-2027

    Table14 Global Financial App by Industry Market: By Regions, 2020-2027

    Table15 North America Financial App by Industry Market: By Country, 2020-2027

    Table16 Europe Financial App by Industry Market: By Country, 2020-2027

    Table17 Asia Pacific Financial Appby Industry Market: By Country, 2020-2027

    Table18 The Middle East & Africa Financial App by Industry Market: By Country, 2020-2027

    Table19 Latin America Financial App by Industry Market: By Country, 2020-2027

    Table20 North America Financial App for Industry Market: By Country, 2020-2027

    Table21 Europe Financial App for Industry Market: By Country, 2020-2027

    Table22 Asia Pacific Financial App for Industry Market: By Country, 2020-2027

    Table23 The Middle East & Africa Financial App for Industry Market: By Country, 2020-2027

    Table24 Global Software Market: By Region, 2020-2027

    Table25 Global Industry Market By Region, 2020-2027

    Table26 Global Industry Market By Region, 2020-2027

    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 2020, by country (in %)

    FIGURE 6 Global Financial App Market, 2020-2027,

    FIGURE 7 Sub-segments of Software

    FIGURE 8 Global Financial App Market size by Software, 2020

    FIGURE 8 Share of Global Financial App Market by Software, 2020 TO 2027

    FIGURE 9 Global Financial App Market size by Product, 2020

    FIGURE 10 Share of Global Financial App Market by Product, 2020 TO 2027

    FIGURE 11 Global Financial App Market size by Industry, 2020

    FIGURE 12 Share of Global Financial App Market by Industry, 2020 TO 2027