ICT Media

Global Application Outsourcing Market in Banking Sector 2014-2018

  • TEC124220
  • 85 Pages
  • August 2014
  • ICT Media
About Application Outsourcing
Application outsourcing is the process of arranging a wide variety of application services, including new application development and maintenance and management of packaged applications from an external provider. Application outsourcing helps in lowering the total cost of ownership and expanding geographical reach while leveraging technology. It comes into play when increasingly complex banking systems and rapid adoption of changing technology make it difficult and exorbitant to manage and maintain the applications that support business needs.
TechNavio's analysts forecast the Global Application Outsourcing market in the Banking sector to grow at a CAGR of 4.77 percent over the period 2013-2018.
Covered in this Report
The Global Application Outsourcing market in the Banking sector can be segmented into three divisions: Application Development and Maintenance, Independent Software Testing, and Other Services. This report covers information about the market share of the Global Application Outsourcing market in the Banking sector by application.
TechNavio's report, the Global Application Outsourcing Market in the Banking Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Application Outsourcing market landscape in the Banking sector and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions
Americas
APAC
EMEA
Key Vendors
Accenture
CSC
HP
IBM
Other Prominent Vendors

Capgemini
CGI Group
Cognizant
Dell
EPAM Systems
HCL Technologies
Hexaware Technologies
iGATE
Infosys
ITC Infotech
L&T Infotech
Luxoft
Mindtree
Polaris Financial Technology
Softtek
Syntel
TCS
Unisys
Wipro

Market Driver
Increased Need for Application Modernization
For a full, detailed list, view our report
Market Challenge
Poor Understanding of the Contract and Post-contract Processes
For a full, detailed list, view our report
Market Trend
Increased Usage of Technology in Retail Banking
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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