- The key vendors in the Banking IT Spending Market in US 2014-2018 are Dell Inc., HP Co., IBM Corp. and Microsoft Corp.
London, 04 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Banking IT Spending Market in US 2014-2018. One of the major trends emerging in the market is the increased adoption of big data analytics in the Banking sector. This software is helpful in taking decisions through collective market information and managing big transaction information to enhance customer experience. The Banking IT Spending market in the US is expected to grow at a CAGR of 5.54 percent during 2014-2018.
“BI software has developed various retail banking-related activities such as revenue generation, performance management, financial visibility, fighting fraud, minimizing financial risks, and achieving compliance requirements, making BI an important tool for building a decision support system in retail banking,” says Faisal Ghaus, Vice President of TechNavio Research.
“BI helps banks gain insight into the market and run several functionalities such as reporting, analytics, and data management.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
