TechNavio today launched its report Banking IT Spending Market in the APAC Region 2011“2015 based on an in-depth study focusing exclusively on the APAC region. The report aims to aid decision makers™ understanding of the key trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio™s IT Services team said, A promising growth forecast has encouraged most of the retail and corporate banks to expand their businesses by establishing new branches in the APAC region countries. Many regional banks have started expanding to other countries in the APAC region, and hence, they are increasingly adopting data centers to manage their business processes. In addition, regional banks are increasing their IT spending to face the threat to their market share posed by global payers.
According to the report, driven by the economic progress of the APAC region, many regional banks are formulating expansion plans and foreign banks are investing heavily in the Banking IT Spending market in the region. Foreign banks are either entering into strategic alliances with regional banks or are setting up their own branches in the region. The increasing number of mergers and acquisitions among regional and foreign players is an emerging trend in this market.
Further, the report also discusses that the increasing complexity of technologies poses a major challenge to the growth of this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/banking-it-spending-market-apac-region-2011…
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TechNavio Announces the Publication of its Report “ Banking IT Spending Market in the APAC Region 2011“2015
