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Press Release / Technology / Financial App Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

Financial App Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

By kiran on January 02 2019 | 396 Views

Financial App Market Research Report, By Software (Audit, Risk & Compliance, Bi & Analytics Application, Business Transaction Processing, and Others)

Market Highlights:
The financial sector, currently, is witnessing a surge in the adoption rate of distributed ledger technology, popularly known as blockchain. The blockchain technology offers costs saving in administration, transaction, and infrastructure, which are widely used in commercial banking, capital markets, online payments, risk management, trade & supply chain finance, and others.
The Financial App market is segregated into software, services, deployment, organization size,  and end-user.
A financial service application is a software program that handles, coordinates, and manages the finances of an individual as well as business enterprises. Technology has made a tremendous impact on financial services sector. Increase in smartphones and digital online transactions are the contributing factors for the growth of the financial sector. In the light of these factors, more and more people are being able to avail financial services; from opening a simple bank account to availing a loan. Furthermore, cloud services are also being adopted by financial sector. The integration of cloud services and deployment models in business enterprises, along with functional departments covering financial services are being transformed into cloud. For instance, banking sector is adopting cloud services for core banking solution, lease and lending services, and revenue management & billing cloud services.
Increase in online transactions is expected to increase the risk of cyber-threat, which is expected to hinder the growth of the market through the forecast period. Furthermore, lack of knowledge in operating financial applications through mobile devices could be a major challenging factor for financial application market over the forecast period.    
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Major Key Players:

include Accenture Plc (Ireland)
FIS Corporation (U.S.)
Fiserv Inc. (U.S.)
IBM Corporation (U.S.)
Infosys Ltd (India)
Misys (U.K)
Oracle Corporation (U.S.)
SAP SE (Germany),
TCS Ltd. (India
Temenos Group AG (Switzerland)

Regional Analysis:
Geographically, the Financial App Market is categorized into four different regions, namely North America, Asia Pacific, Europe, and Rest of the World.
The Financial App market in North America and Europe is expected to have a significant growth through the forecast period, owing to increasing adoption rates of Bring Your Own Devices (BYOD) for online transaction. The U.S. is considered as one of the largest markets for adopting financial technologies due to presence of large number of service providers. Asia Pacific region is expected to be the fastest growing region in Financial App market, with China, India, Japan, and South Korea as the leading countries. The growth of the market is attributed to increase in awareness of online payment applications, such as Paytm App, My Airtel APP, and others
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Segmentation:
The Financial App market is segmented into software, services, deployment, organization size, and end-user.
By software, the Financial App market is sub-segmented into audit, risk & compliance management, BI & analytics applications, and customer experience. Based on service, the market is categorized into training & support, consulting service, integration & implementation, operation & maintenance, and others. On the basis of deployment, the market is segmented into on-premises and on-cloud.
Based on organization size, the market is bifurcated into large enterprise and small & medium enterprises. On the basis of end-user, the market is differentiated into retail, government, BFSI, and others.
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Target Audience:

Research Firms
Government Agencies
Financial App Service Providers
Associations, Organizations, Forums and Alliances related to Financial App
Software Solution Providers
Educational Institution, University, and Research Organization.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
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Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
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