London, 01 October 2014 – TechNavio, a global tech-focused research firm has added a new market research report on the Banking IT Market in China 2014-2018 to its ever-growing research library.
IT has significantly improved the productivity of the banking sector in China in different fields like customer relationship management, enterprise resource planning and employee productivity. IT helps access, store, transmit and manipulate information with a higher degree of accuracy and less redundancy.
The Banking IT Market in China is expected to grow at a CAGR of 11.39 percent during the forecast period.
The latest report by TechNavio focuses on factors like IT spending on security, channel digitalization and IT infrastructure development, which will play an important role in risk management, channel integration, data analysis and data mining in Chinese banking in. The report also highlights the trend of banks adopting big data technologies to improve risk management and customer segmentation abilities.
“Processing big data is one of the essential techniques for understanding the nature of customer demand. Big data has been used to achieve real time marketing and communication, integrate e-commerce platforms with business activities, establish social network information databases and facilitate small loans and microloans in China,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
Increased Adoption of BI Software in Retail Banking
For a full detailed list, view our report.
Market Challenges:
Relatively Low Penetration Rate of Cloud Computing in Banking Sector
For a full detailed list, view our report.
Market Trends:
Adoption of Big Data Analytics
For a full detailed list, view our report.
Key Vendors:
- Accenture plc
- Digital China Holdings Ltd.
- IBM Corp.
Other Prominent Vendors:
- CSC
- Hundsun Technology
- SAP
- TCS
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
