Banking IT Spending Market in the US to see 5.54% CAGR Globally by 2018, says a Research Report available at Big Market Research

Big Market Research adds a report titled Banking IT Spending Market in the US 2014-2018.The report is designed with an aim to provide market intelligence, trends and forecast of the baking IT spending market in US. As per the report, the banking IT spending market in U.S. is expected to register a CAGR of 5.54% during the forecast period.

Banking functions has changed in numerous ways since the intervention of IT in the banking sector. IT finds its application in baking sectors through varied ways such as CRM, ERM and ERP. It has also helped in improving employee productivity. U.S. banking sector has been highly dependent on IT to store, access and manipulate data with more efficiency and accuracy.

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The report explains the various market dynamics through different segments. Banking IT spending market is segmented into mainly three division i.e. Hardware, External Banking IT Spending and Third-party Software & Services.

The growing need to abide by the changing regulatory reforms is the major factor driving the growth of the market.Â However, several issues pertaining to data security could pose a challenge for the U.S. market. The emerging trend and adoption of big data analytics would propel the growth of the market in the coming years.

The report would help the market investors to understand the competitive landscape of the U.S, market and explore the potentials of the market across various regions. It would assist in understanding the business strategies of the market players and make profitable decisions for the future.

Companies profiled in the report are HCL Technologies, Microsoft, Capgemini, IBM, Cognizant, Dell, Hitachi, Cisco System, Temenos, Infosys, Fujitsu, Accenture, Oracle, CGI Group, Intel, Unisys, EMC, ATOS, CSC and HP.

Key Questions Answered in this Report