Integration of Multiple Channels Set to Define Growth Opportunities in the Global Retail Banking IT Market: Technavio Report

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  • The key vendors in the Global Retail Banking IT Market 2014-2018 are Dell Inc., Hewlett-Packard Co. (HP), IBM Corp. and Microsoft Corp.

London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Retail Banking IT Market 2014-2018.   One key trend in this market is the need to integrate multiple channels. To remain afloat in the competitive world, retail banks need to integrate their solutions to serve multiple channels. The market is expected to post a CAGR of 4.09 percent during the period 2013-2018.

“Online and mobile channels are being increasingly adopted by banks to increase the ways in which they can reach their customers,” says Faisal Ghaus, Vice President of TechNavio Research.

“New and multiple channels will facilitate the cross-selling of financial products and branches will then only be left to complete basic services.”

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. 

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