BFSIにおけるデジタルトランスフォーメーションの世界市場規模、シェア、産業動向分析レポート：エンドユーザー別、企業規模別、展開タイプ別、技術別、地域別展望と予測、2023年～2030年

BFSIにおけるデジタルトランスフォーメーション市場規模は2030年までに2,150億米ドルに達すると予測され、予測期間中のCAGRは15.8%の市場成長率で上昇する見込みです。

KBV Cardinalのマトリックスに掲載された分析によると、Google LLCとMicrosoft Corporationが同市場の先駆者です。2022年7月、Google LLCはArvest Bankとパートナーシップを締結し、Arvest Bankは包括的なデジタルトランスフォーメーション戦略の一環としてデータセンターをGoogle Cloudに移行し、同時にGoogleのAIと機械学習ツールを活用して顧客サービスを強化します。アクセンチュアPLC、IBMコーポレーション、SAP SEなどの企業は、この市場における主要なイノベーターです。

市場成長要因

先端技術の受け入れ拡大

破壊的テクノロジーの登場以来、銀行業界とフィンテック業界は大きく変貌してきました。さらに、銀行やフィンテック機関においてAIやMLの利用が拡大しており、BFSI事業がデジタルに変革することで利益を生む可能性が生まれています。さらに、多くの銀行や金融機関が人工知能を活用したバンキング・ソリューションを利用して、顧客により迅速で効果的なカスタマーケアを提供しています。BFSI部門は、今後数年間で、より高度な技術が統合されるにつれて、デジタル・トランスフォーメーションがかなり進むと予測されています。

基本的なバンキングニーズに対するパーソナライズされたITソリューションの急増

BFSIセクターにおけるデジタルトランスフォーメーションの本質的な側面は、変化する銀行独自のニーズに特化したITソリューションの開発です。顧客や企業の要求は常に進化しており、従来のバンキング・ソリューションでは対応しきれません。銀行は、独自の目的を満たし、カスタマイズされたユーザー・エクスペリエンスと特化した機能を提供するために、オーダーメイドのITソリューションに頼るようになってきています。これらは、市場を牽引する重要な要素の一部です。

市場抑制要因

レガシー・システムとインフラの問題

レガシーシステムやインフラは、時代遅れのテクノロジーや硬直したアーキテクチャを特徴とすることが多く、より俊敏で顧客中心のデジタルな未来を追求する上で、手強い障害となっていることが証明されています。レガシーシステムがデジタルトランスフォーメーションを妨げる主な原因の1つは、俊敏性と適応性の制限です。これらのシステムは、デジタルバンキングやデジタル保険が黎明期にあった時代に、特定の機能を果たすために設計されたものです。その結果、急速に変化する市場力学、新たなテクノロジー、顧客の嗜好の変化に迅速に対応する柔軟性に欠けています。この本質的な柔軟性の欠如は、BFSIセクターの革新能力を阻害し、新しいデジタル・サービスや商品を迅速に導入する能力を妨げています。

コンポーネントの展望

コンポーネント別に見ると、市場はソリューションとサービスに区分されます。2022年には、ソリューション・セグメントが市場で最も高い収益シェアを占めました。デジタル・ソリューションは、より迅速でリアルタイムの金融取引を可能にし、処理時間を短縮し、流動性管理を強化します。これらのソリューションは、BFSI組織が規制要件を遵守し、データ保護とプライバシーを確保するのにも役立ちます。デジタルトランスフォーメーション・ソリューションは、さまざまなソースからのデータの統合を可能にし、顧客プロファイルと金融活動の包括的なビューを提供します。

エンドユーザーの展望

エンドユーザーに基づき、市場は銀行、保険会社、その他に分類されます。保険会社セグメントは、2022年の市場において突出した収益シェアを予測しています。保険会社は、BFSIセクターの様々な側面を変革するために、デジタル技術とイノベーションを積極的に取り入れています。保険会社は、保険契約、保険金請求、取引の透明で不変の記録を作成することにより、詐欺防止のためにブロックチェーンを模索しています。また、保険会社は、保険契約者が保険契約へのアクセス、保険料の支払い、保険金の請求、情報の更新を便利に行えるデジタル・セルフサービス・ポータルを提供しています。

企業規模の見通し

企業規模に基づき、市場は大企業と中小企業に分類されます。2022年には、大企業セグメントが市場で最大の売上シェアを占めました。デジタルの導入は大企業のコスト削減につながります。定型的なプロセスを自動化し、実店舗の必要性を減らし、バックオフィス業務を合理化することができます。BFSI分野で競争力を維持するには、デジタル革新を取り入れる必要があります。大企業は、デジタル・バンキング・プラットフォーム、高度な分析、AIを活用した顧客サービスが、顧客の獲得と維持において優位に立てることを理解しています。

展開タイプの展望

導入タイプ別に見ると、市場はオンプレミスとクラウドに細分化されます。クラウドセグメントは、2022年の市場でかなりの収益シェアを占めています。クラウド・サービスは迅速にプロビジョニングして展開できるため、新しいデジタル・サービスやアプリケーションの市場投入にかかる時間を短縮できます。この能力は、ペースの速いBFSI部門では特に重要です。クラウドベースの展開により、ハードウェアやインフラに多額の初期資本支出をする必要がなくなるため、企業は従量課金モデルで運用できるようになり、長期的なコスト削減につながります。

テクノロジーの展望

テクノロジー別に見ると、市場は人工知能、クラウドコンピューティング、ブロックチェーン、ビッグデータ＆ビジネスアナリティクス、サイバーセキュリティ、その他に分けられます。ビッグデータ＆ビジネスアナリティクス分野は、2022年の市場で最大の売上シェアを獲得しました。金融サービス業界（BFSI）の文脈における「ビッグデータ」とは、ATM取引、現金取引、オンライン資金移動、口座開設、リスク評価、決済、その他の活動のような様々な活動を通じて、金融サービスにおいてタイムリーに生成される異種混合の膨大なデータセットを指します。

地域別展望

地域別に見ると、市場は北米、欧州、アジア太平洋、LAMEAで分析されます。アジア太平洋地域は、2022年の市場においてかなりの収益シェアを獲得しました。最新のFinTechシステムは、中国やインドのような急成長中の新興国からオーストラリアや日本のような成熟市場に至るまで、急速に社会に浸透しつつあります。人々は、拡大する多様なバーチャル金融サービスへのアクセスを獲得しています。アジア諸国の企業は、効果的かつ合理的なソリューションを導入して顧客体験を向上させ、顧客基盤を拡大することで、収益性の高い市場の可能性を生み出しています。

目次

第1章 市場範囲と調査手法

• 市場の定義
• 目的
• 市場範囲
• セグメンテーション
• 調査手法

第2章 市場の概要

• 主なハイライト

第3章 市場概要

• イントロダクション
  • 概要
    • 市場構成とシナリオ
• 市場に影響を与える主な要因
  • 市場促進要因
  • 市場抑制要因

第4章 競合分析- 世界

• KBV Cardinal Matrix
• 最近の業界全体の戦略的展開
  • パートナーシップ、コラボレーション、および契約
  • 買収と合併
• 主要成功戦略
  • 主な戦略
  • 主要な戦略的動き
• ポーターのファイブフォース分析

第5章 BFSI市場：における世界のデジタル変革：コンポーネント別

• 世界のソリューション市場：地域別
• 世界サービス市場：地域別

第6章 世界の市場：、エンドユーザー別

• 世界の銀行市場：地域別
• 世界の保険会社市場：地域別
• 世界のその他のエンドユーザー市場：地域別

第7章 世界の市場：、企業規模別

• 世界の大企業市場：地域別
• 世界の中小企業市場：地域別

第8章 世界の市場：、展開タイプ別

• 世界のオンプレミス市場：地域別
• 世界のクラウド市場：地域別

第9章 世界の市場：、テクノロジー別

• 世界のビッグデータおよびビジネス分析市場：地域別
• 世界の人工知能市場：地域別
• 世界のサイバーセキュリティ市場：地域別
• 世界のクラウドコンピューティング市場：地域別
• 世界のブロックチェーン市場：地域別
• 世界のその他の市場：地域別

第10章 世界の市場：、地域別

• 北米の市場
  • 北米の市場：コンポーネント別
    • 北米の国別ソリューション市場
    • 国別の北米サービス市場
  • 北米の市場：エンドユーザー別
    • 国別の北米銀行市場
    • 北米保険会社市場：（国別）
    • 北米の国別その他のエンドユーザー市場
  • 北米の市場：企業規模別
    • 北米の国別大企業市場
    • 北米の国別中小企業市場
  • 北米の市場：展開タイプ別
    • 北米の国別オンプレミス市場
    • 北米の国別クラウド市場
  • 北米の市場：技術別
    • 国別の北米ビッグデータおよびビジネス分析市場
    • 北米の国別人工知能市場
    • 北米の国別サイバーセキュリティ市場
    • 北米の国別クラウドコンピューティング市場
    • 国別の北米ブロックチェーン市場
    • 北米その他の国別市場
  • 北米の市場：国別
    • BFSI市場における米国のデジタルトランスフォーメーション
    • カナダのBFSI市場におけるデジタル変革
    • メキシコのBFSI市場におけるデジタル変革
    • 残りの北米の市場
• 欧州の市場
  • 欧州の市場：コンポーネント別
    • 国別欧州ソリューション市場
    • 国別の欧州サービス市場
  • 欧州の市場：エンドユーザー別
    • 国別の欧州銀行市場
    • 欧州の保険会社市場：（国別）
    • 欧州の国別その他のエンドユーザー市場
  • 欧州の市場：企業規模別
    • 欧州の国別大企業市場
    • 国別の欧州中小企業市場
  • 欧州の市場：展開タイプ別
    • 欧州国別オンプレミス市場
    • 国別欧州クラウド市場
  • 欧州の市場：技術別
    • 国別の欧州のビッグデータおよびビジネス分析市場
    • 欧州の国別人工知能市場
    • 国別欧州サイバーセキュリティ市場
    • 欧州の国別クラウドコンピューティング市場
    • 国別欧州ブロックチェーン市場
    • 欧州その他の国別市場
  • 欧州の市場：国別
    • ドイツのBFSI市場におけるデジタル変革
    • 英国のBFSI市場におけるデジタル変革
    • フランスのBFSI市場におけるデジタル変革
    • ロシアのBFSI市場におけるデジタル変革
    • スペインのBFSI市場におけるデジタル変革
    • イタリアのBFSI市場におけるデジタル変革
    • 残りの欧州の市場
• アジア太平洋の市場
  • アジア太平洋の市場：コンポーネント別
    • 国別のアジア太平洋ソリューション市場
    • アジア太平洋地域の国別サービス市場
  • アジア太平洋の市場：エンドユーザー別
    • 国別のアジア太平洋銀行市場
    • アジア太平洋地域の保険会社市場：（国別）
    • アジア太平洋地域の国別その他のエンドユーザー市場
  • アジア太平洋の市場：企業規模別
    • アジア太平洋地域の国別大企業市場
    • アジア太平洋地域の国別中小企業市場
  • アジア太平洋の市場：展開タイプ別
    • アジア太平洋地域の国別オンプレミス市場
    • アジア太平洋地域の国別クラウド市場
  • アジア太平洋の市場：技術別
    • アジア太平洋地域の国別ビッグデータおよびビジネス分析市場
    • アジア太平洋地域の国別人工知能市場
    • アジア太平洋地域の国別サイバーセキュリティ市場
    • アジア太平洋地域の国別クラウドコンピューティング市場
    • 国別のアジア太平洋地域のブロックチェーン市場
    • アジア太平洋地域その他の国別市場
  • アジア太平洋の市場：国別
    • 中国のBFSI市場におけるデジタル変革
    • BFSI市場における日本のデジタルトランスフォーメーション
    • インドのBFSI市場におけるデジタル変革
    • 韓国のBFSI市場におけるデジタルトランスフォーメーション
    • シンガポールのBFSI市場におけるデジタル変革
    • マレーシアのBFSI市場におけるデジタル変革
    • 残りのアジア太平洋の市場
• ラテンアメリカ・中東・アフリカの市場
  • ラテンアメリカ・中東・アフリカの市場：コンポーネント別
    • 国別のLAMEAソリューション市場
    • 国別のLAMEAサービス市場
  • ラテンアメリカ・中東・アフリカの市場：エンドユーザー別
    • 国別のLAMEA銀行市場
    • 国別のLAMEA保険会社市場
    • 国別のLAMEAその他のエンドユーザー市場
  • ラテンアメリカ・中東・アフリカの市場：企業規模別
    • 国別LAMEA大企業市場
    • 国別LAMEA中小企業市場
  • ラテンアメリカ・中東・アフリカの市場：展開タイプ別
    • LAMEAオンプレミス市場：（国別）
    • 国別のLAMEAクラウド市場
  • ラテンアメリカ・中東・アフリカの市場：技術別
    • 国別のLAMEAビッグデータおよびビジネス分析市場
    • 国別LAMEA人工知能市場
    • 国別LAMEAサイバーセキュリティ市場
    • 国別LAMEAクラウドコンピューティング市場
    • 国別のLAMEAブロックチェーン市場
    • 国別LAMEAその他市場
  • ラテンアメリカ・中東・アフリカの市場：国別
    • ブラジルのBFSI市場におけるデジタル変革
    • アルゼンチンのBFSI市場におけるデジタル変革
    • UAEのBFSI市場におけるデジタルトランスフォーメーション
    • サウジアラビアのBFSI市場におけるデジタル変革
    • 南アフリカのBFSI市場におけるデジタル変革
    • ナイジェリアのBFSI市場におけるデジタル変革
    • 残りのラテンアメリカ・中東・アフリカの市場

第11章 企業プロファイル

• HID Global Corporation（Assa Abloy AB）
• Google LLC（Alphabet Inc）
• Microsoft Corporation
• SAP SE
• Oracle Corporation
• Alphasense, Inc
• Accenture PLC
• Cognizant Technology Solutions Corporation
• Fujitsu Limited
• IBM Corporation

第12章 BFSI市場におけるデジタルトランスフォーメーションの勝利の必須事項

LIST OF TABLES

• TABLE 1 Global Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 2 Global Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 3 Partnerships, Collaborations and Agreements- Digital Transformation in BFSI Market
• TABLE 4 Acquisition and Mergers- Digital Transformation in BFSI Market
• TABLE 5 Global Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 6 Global Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 7 Global Solution Market, By Region, 2019 - 2022, USD Million
• TABLE 8 Global Solution Market, By Region, 2023 - 2030, USD Million
• TABLE 9 Global Services Market, By Region, 2019 - 2022, USD Million
• TABLE 10 Global Services Market, By Region, 2023 - 2030, USD Million
• TABLE 11 Global Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 12 Global Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 13 Global Banks Market, By Region, 2019 - 2022, USD Million
• TABLE 14 Global Banks Market, By Region, 2023 - 2030, USD Million
• TABLE 15 Global Insurance Companies Market, By Region, 2019 - 2022, USD Million
• TABLE 16 Global Insurance Companies Market, By Region, 2023 - 2030, USD Million
• TABLE 17 Global Other End User Market, By Region, 2019 - 2022, USD Million
• TABLE 18 Global Other End User Market, By Region, 2023 - 2030, USD Million
• TABLE 19 Global Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 20 Global Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 21 Global Large Enterprises Market, By Region, 2019 - 2022, USD Million
• TABLE 22 Global Large Enterprises Market, By Region, 2023 - 2030, USD Million
• TABLE 23 Global Small & Medium Enterprises Market, By Region, 2019 - 2022, USD Million
• TABLE 24 Global Small & Medium Enterprises Market, By Region, 2023 - 2030, USD Million
• TABLE 25 Global Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 26 Global Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 27 Global On premise Market, By Region, 2019 - 2022, USD Million
• TABLE 28 Global On premise Market, By Region, 2023 - 2030, USD Million
• TABLE 29 Global Cloud Market, By Region, 2019 - 2022, USD Million
• TABLE 30 Global Cloud Market, By Region, 2023 - 2030, USD Million
• TABLE 31 Global Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 32 Global Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 33 Global Big Data & Business Analytics Market, By Region, 2019 - 2022, USD Million
• TABLE 34 Global Big Data & Business Analytics Market, By Region, 2023 - 2030, USD Million
• TABLE 35 Global Artificial Intelligence Market, By Region, 2019 - 2022, USD Million
• TABLE 36 Global Artificial Intelligence Market, By Region, 2023 - 2030, USD Million
• TABLE 37 Global Cybersecurity Market, By Region, 2019 - 2022, USD Million
• TABLE 38 Global Cybersecurity Market, By Region, 2023 - 2030, USD Million
• TABLE 39 Global Cloud Computing Market, By Region, 2019 - 2022, USD Million
• TABLE 40 Global Cloud Computing Market, By Region, 2023 - 2030, USD Million
• TABLE 41 Global Blockchain Market, By Region, 2019 - 2022, USD Million
• TABLE 42 Global Blockchain Market, By Region, 2023 - 2030, USD Million
• TABLE 43 Global Others Market, By Region, 2019 - 2022, USD Million
• TABLE 44 Global Others Market, By Region, 2023 - 2030, USD Million
• TABLE 45 Global Digital Transformation in BFSI Market, By Region, 2019 - 2022, USD Million
• TABLE 46 Global Digital Transformation in BFSI Market, By Region, 2023 - 2030, USD Million
• TABLE 47 North America Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 48 North America Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 49 North America Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 50 North America Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 51 North America Solution Market, By Country, 2019 - 2022, USD Million
• TABLE 52 North America Solution Market, By Country, 2023 - 2030, USD Million
• TABLE 53 North America Services Market, By Country, 2019 - 2022, USD Million
• TABLE 54 North America Services Market, By Country, 2023 - 2030, USD Million
• TABLE 55 North America Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 56 North America Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 57 North America Banks Market, By Country, 2019 - 2022, USD Million
• TABLE 58 North America Banks Market, By Country, 2023 - 2030, USD Million
• TABLE 59 North America Insurance Companies Market, By Country, 2019 - 2022, USD Million
• TABLE 60 North America Insurance Companies Market, By Country, 2023 - 2030, USD Million
• TABLE 61 North America Other End User Market, By Country, 2019 - 2022, USD Million
• TABLE 62 North America Other End User Market, By Country, 2023 - 2030, USD Million
• TABLE 63 North America Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 64 North America Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 65 North America Large Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 66 North America Large Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 67 North America Small & Medium Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 68 North America Small & Medium Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 69 North America Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 70 North America Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 71 North America On premise Market, By Country, 2019 - 2022, USD Million
• TABLE 72 North America On premise Market, By Country, 2023 - 2030, USD Million
• TABLE 73 North America Cloud Market, By Country, 2019 - 2022, USD Million
• TABLE 74 North America Cloud Market, By Country, 2023 - 2030, USD Million
• TABLE 75 North America Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 76 North America Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 77 North America Big Data & Business Analytics Market, By Country, 2019 - 2022, USD Million
• TABLE 78 North America Big Data & Business Analytics Market, By Country, 2023 - 2030, USD Million
• TABLE 79 North America Artificial Intelligence Market, By Country, 2019 - 2022, USD Million
• TABLE 80 North America Artificial Intelligence Market, By Country, 2023 - 2030, USD Million
• TABLE 81 North America Cybersecurity Market, By Country, 2019 - 2022, USD Million
• TABLE 82 North America Cybersecurity Market, By Country, 2023 - 2030, USD Million
• TABLE 83 North America Cloud Computing Market, By Country, 2019 - 2022, USD Million
• TABLE 84 North America Cloud Computing Market, By Country, 2023 - 2030, USD Million
• TABLE 85 North America Blockchain Market, By Country, 2019 - 2022, USD Million
• TABLE 86 North America Blockchain Market, By Country, 2023 - 2030, USD Million
• TABLE 87 North America Others Market, By Country, 2019 - 2022, USD Million
• TABLE 88 North America Others Market, By Country, 2023 - 2030, USD Million
• TABLE 89 North America Digital Transformation in BFSI Market, By Country, 2019 - 2022, USD Million
• TABLE 90 North America Digital Transformation in BFSI Market, By Country, 2023 - 2030, USD Million
• TABLE 91 US Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 92 US Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 93 US Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 94 US Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 95 US Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 96 US Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 97 US Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 98 US Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 99 US Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 100 US Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 101 US Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 102 US Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 103 Canada Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 104 Canada Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 105 Canada Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 106 Canada Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 107 Canada Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 108 Canada Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 109 Canada Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 110 Canada Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 111 Canada Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 112 Canada Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 113 Canada Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 114 Canada Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 115 Mexico Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 116 Mexico Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 117 Mexico Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 118 Mexico Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 119 Mexico Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 120 Mexico Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 121 Mexico Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 122 Mexico Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 123 Mexico Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 124 Mexico Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 125 Mexico Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 126 Mexico Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 127 Rest of North America Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 128 Rest of North America Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 129 Rest of North America Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 130 Rest of North America Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 131 Rest of North America Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 132 Rest of North America Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 133 Rest of North America Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 134 Rest of North America Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 135 Rest of North America Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 136 Rest of North America Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 137 Rest of North America Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 138 Rest of North America Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 139 Europe Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 140 Europe Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 141 Europe Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 142 Europe Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 143 Europe Solution Market, By Country, 2019 - 2022, USD Million
• TABLE 144 Europe Solution Market, By Country, 2023 - 2030, USD Million
• TABLE 145 Europe Services Market, By Country, 2019 - 2022, USD Million
• TABLE 146 Europe Services Market, By Country, 2023 - 2030, USD Million
• TABLE 147 Europe Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 148 Europe Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 149 Europe Banks Market, By Country, 2019 - 2022, USD Million
• TABLE 150 Europe Banks Market, By Country, 2023 - 2030, USD Million
• TABLE 151 Europe Insurance Companies Market, By Country, 2019 - 2022, USD Million
• TABLE 152 Europe Insurance Companies Market, By Country, 2023 - 2030, USD Million
• TABLE 153 Europe Other End User Market, By Country, 2019 - 2022, USD Million
• TABLE 154 Europe Other End User Market, By Country, 2023 - 2030, USD Million
• TABLE 155 Europe Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 156 Europe Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 157 Europe Large Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 158 Europe Large Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 159 Europe Small & Medium Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 160 Europe Small & Medium Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 161 Europe Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 162 Europe Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 163 Europe On premise Market, By Country, 2019 - 2022, USD Million
• TABLE 164 Europe On premise Market, By Country, 2023 - 2030, USD Million
• TABLE 165 Europe Cloud Market, By Country, 2019 - 2022, USD Million
• TABLE 166 Europe Cloud Market, By Country, 2023 - 2030, USD Million
• TABLE 167 Europe Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 168 Europe Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 169 Europe Big Data & Business Analytics Market, By Country, 2019 - 2022, USD Million
• TABLE 170 Europe Big Data & Business Analytics Market, By Country, 2023 - 2030, USD Million
• TABLE 171 Europe Artificial Intelligence Market, By Country, 2019 - 2022, USD Million
• TABLE 172 Europe Artificial Intelligence Market, By Country, 2023 - 2030, USD Million
• TABLE 173 Europe Cybersecurity Market, By Country, 2019 - 2022, USD Million
• TABLE 174 Europe Cybersecurity Market, By Country, 2023 - 2030, USD Million
• TABLE 175 Europe Cloud Computing Market, By Country, 2019 - 2022, USD Million
• TABLE 176 Europe Cloud Computing Market, By Country, 2023 - 2030, USD Million
• TABLE 177 Europe Blockchain Market, By Country, 2019 - 2022, USD Million
• TABLE 178 Europe Blockchain Market, By Country, 2023 - 2030, USD Million
• TABLE 179 Europe Others Market, By Country, 2019 - 2022, USD Million
• TABLE 180 Europe Others Market, By Country, 2023 - 2030, USD Million
• TABLE 181 Europe Digital Transformation in BFSI Market, By Country, 2019 - 2022, USD Million
• TABLE 182 Europe Digital Transformation in BFSI Market, By Country, 2023 - 2030, USD Million
• TABLE 183 Germany Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 184 Germany Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 185 Germany Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 186 Germany Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 187 Germany Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 188 Germany Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 189 Germany Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 190 Germany Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 191 Germany Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 192 Germany Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 193 Germany Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 194 Germany Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 195 UK Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 196 UK Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 197 UK Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 198 UK Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 199 UK Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 200 UK Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 201 UK Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 202 UK Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 203 UK Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 204 UK Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 205 UK Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 206 UK Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 207 France Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 208 France Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 209 France Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 210 France Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 211 France Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 212 France Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 213 France Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 214 France Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 215 France Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 216 France Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 217 France Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 218 France Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 219 Russia Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 220 Russia Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 221 Russia Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 222 Russia Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 223 Russia Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 224 Russia Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 225 Russia Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 226 Russia Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 227 Russia Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 228 Russia Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 229 Russia Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 230 Russia Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 231 Spain Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 232 Spain Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 233 Spain Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 234 Spain Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 235 Spain Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 236 Spain Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 237 Spain Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 238 Spain Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 239 Spain Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 240 Spain Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 241 Spain Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 242 Spain Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 243 Italy Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 244 Italy Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 245 Italy Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 246 Italy Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 247 Italy Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 248 Italy Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 249 Italy Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 250 Italy Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 251 Italy Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 252 Italy Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 253 Italy Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 254 Italy Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 255 Rest of Europe Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 256 Rest of Europe Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 257 Rest of Europe Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 258 Rest of Europe Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 259 Rest of Europe Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 260 Rest of Europe Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 261 Rest of Europe Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 262 Rest of Europe Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 263 Rest of Europe Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 264 Rest of Europe Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 265 Rest of Europe Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 266 Rest of Europe Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 267 Asia Pacific Digital Transformation in BFSI Market, 2019 - 2022, USD Million
• TABLE 268 Asia Pacific Digital Transformation in BFSI Market, 2023 - 2030, USD Million
• TABLE 269 Asia Pacific Digital Transformation in BFSI Market, By Component, 2019 - 2022, USD Million
• TABLE 270 Asia Pacific Digital Transformation in BFSI Market, By Component, 2023 - 2030, USD Million
• TABLE 271 Asia Pacific Solution Market, By Country, 2019 - 2022, USD Million
• TABLE 272 Asia Pacific Solution Market, By Country, 2023 - 2030, USD Million
• TABLE 273 Asia Pacific Services Market, By Country, 2019 - 2022, USD Million
• TABLE 274 Asia Pacific Services Market, By Country, 2023 - 2030, USD Million
• TABLE 275 Asia Pacific Digital Transformation in BFSI Market, By End User, 2019 - 2022, USD Million
• TABLE 276 Asia Pacific Digital Transformation in BFSI Market, By End User, 2023 - 2030, USD Million
• TABLE 277 Asia Pacific Banks Market, By Country, 2019 - 2022, USD Million
• TABLE 278 Asia Pacific Banks Market, By Country, 2023 - 2030, USD Million
• TABLE 279 Asia Pacific Insurance Companies Market, By Country, 2019 - 2022, USD Million
• TABLE 280 Asia Pacific Insurance Companies Market, By Country, 2023 - 2030, USD Million
• TABLE 281 Asia Pacific Other End User Market, By Country, 2019 - 2022, USD Million
• TABLE 282 Asia Pacific Other End User Market, By Country, 2023 - 2030, USD Million
• TABLE 283 Asia Pacific Digital Transformation in BFSI Market, By Enterprise Size, 2019 - 2022, USD Million
• TABLE 284 Asia Pacific Digital Transformation in BFSI Market, By Enterprise Size, 2023 - 2030, USD Million
• TABLE 285 Asia Pacific Large Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 286 Asia Pacific Large Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 287 Asia Pacific Small & Medium Enterprises Market, By Country, 2019 - 2022, USD Million
• TABLE 288 Asia Pacific Small & Medium Enterprises Market, By Country, 2023 - 2030, USD Million
• TABLE 289 Asia Pacific Digital Transformation in BFSI Market, By Deployment Type, 2019 - 2022, USD Million
• TABLE 290 Asia Pacific Digital Transformation in BFSI Market, By Deployment Type, 2023 - 2030, USD Million
• TABLE 291 Asia Pacific On premise Market, By Country, 2019 - 2022, USD Million
• TABLE 292 Asia Pacific On premise Market, By Country, 2023 - 2030, USD Million
• TABLE 293 Asia Pacific Cloud Market, By Country, 2019 - 2022, USD Million
• TABLE 294 Asia Pacific Cloud Market, By Country, 2023 - 2030, USD Million
• TABLE 295 Asia Pacific Digital Transformation in BFSI Market, By Technology, 2019 - 2022, USD Million
• TABLE 296 Asia Pacific Digital Transformation in BFSI Market, By Technology, 2023 - 2030, USD Million
• TABLE 297 Asia Pacific Big Data & Business Analytics Market, By Country, 2019 - 2022, USD Million
• TABLE 298 Asia Pacific Big Data & Business Analytics Market, By Country, 2023 - 2030, USD Million
• TABLE 299 Asia Pacific Artificial Intelligence Market, By Country, 2019 - 2022, USD Million
• TABLE 300 Asia Pacific Artificial Intelligence Market, By Country, 2023 - 2030, USD Million
• TABLE 301 Asia Pacific Cybersecurity Market, By Country, 2019 - 2022, USD Million
• TABLE 302 Asia Pacific Cybersecurity Market, By Country, 2023 - 2030, USD Million
• TABLE 303 Asia Pacific Cloud Computing Market, By Country, 2019 - 2022, USD Million
• TABLE 304 Asia Pacific Cloud Computing Market, By Country, 2023 - 2030, USD Million
• TABLE 305 Asia Pacific Blockchain Market, By Country, 2019 - 2022, USD Million
• TABLE 306 Asia Pacific Blockchain Market, By Country, 2023 - 2030, USD Million
• TABLE 307 Asia Pacific Others Market, By Country, 2019 - 2022, USD Million
• TABLE 308 Asia Pacific Others Market, By Country, 2023 - 2030, USD Million
• TABLE 309 Asia Pacific Digital Transformation in BFSI Market, By Country, 2019 - 2022, USD Million
• TABLE 310 Asia Pacific Digital Transformation in BFSI Market, By Country, 2023 - 2030, USD Million

The Global Digital Transformation in BFSI Market size is expected to reach $215 billion by 2030, rising at a market growth of 15.8% CAGR during the forecast period.

Bitcoin, Dash, Ripple, and many more digital currencies are being developed using blockchain technology. Cross-border payments might then be made in real-time and be less expensive. Hence, the blockchain segment generated $5,665.6 million revenue in the market in 2022. Numerous nations, including Australia, Canada, Japan, and the United States, use bitcoins for payment. For instance, businesses like the DISH Network, Microsoft Store, Overstock.com, and Subway accept Bitcoin payments in the United States.

The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2023, Cognizant Technology Solutions Corporation teamed up with Max Life Insurance Co. Ltd. to expedite Max Life's digital transformation initiatives. Additionally, In June 22023, Fujitsu Limited teamed up with Mizuho Financial Group, Inc. Through this collaboration, both companies-initiated verification trials leveraging Fujitsu's generative AI technology to streamline system development and maintenance operations for Mizuho.

Based on the Analysis presented in the KBV Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Market. In July, 2022, Google LLC entered into a partnership with Arvest Bank following which Arvest Bank would transfer its data centers to Google Cloud as part of a comprehensive digital transformation strategy, while also harnessing Google's AI and machine learning tools to enhance customer service. Companies such as Accenture PLC, IBM Corporation, and SAP SE are some of the key innovators in the market.

Market Growth Factors

Growing Acceptance of Advanced Technologies

Since the advent of disruptive technology, the banking and fintech industries have significantly transformed. Additionally, the growing use of AI and ML in banking and fintech institutions creates a profitable potential for the BFSI business to transform digitally. Additionally, many banks and financial institutions use banking solutions powered by artificial intelligence to offer customers faster and more effective customer care. The BFSI sector is projected to experience considerable prospects for digital transformation as more advanced technologies are integrated in the coming years.

Surge In Personalized IT Solutions for Basic Banking Needs

An essential aspect of the digital transformation in the BFSI sector is the development of IT solutions specific to banks' changing and unique needs. The demands of customers and enterprises are constantly evolving, and traditional banking solutions cannot keep up. Banks are increasingly resorting to bespoke IT solutions to satisfy their unique objectives and provide a customized user experience and specialized functionality. These are a few of the key elements that are propelling the market.

Market Restraining Factors

Issues With Legacy Systems and Infrastructure

Legacy systems and infrastructure, often characterized by outdated technology and rigid architectures, have proven to be formidable roadblocks in pursuing a more agile and customer-centric digital future. One of the primary ways legacy systems hinder digital transformation is through their limited agility and adaptability. These systems were designed to fulfill specific functions in an era when digital banking and insurance were in their infancy. As a result, they lack the flexibility to swiftly respond to rapidly changing market dynamics, emerging technologies, and shifting customer preferences. This inherent inflexibility inhibits the BFSI sector's ability to innovate and hampers its capacity to promptly introduce new digital services and products.

Component Outlook

By component, the market is segmented into solution and services. In 2022, the solution segment held the highest revenue share in the market. Digital solutions enable faster and real-time financial transactions, reducing processing times and enhancing liquidity management. These solutions also help BFSI organizations comply with regulatory requirements, ensuring data protection and privacy. Digital transformation solutions enable the integration of data from various sources, providing a comprehensive view of customer profiles and financial activities.

End-User Outlook

Based on end user, the market is categorized into banks, insurance companies, and others. The insurance companies segment projected a prominent revenue share in the market in 2022. Insurance companies actively embrace digital technologies and innovation to transform various aspects of the BFSI sector. Insurance companies are exploring blockchain for fraud prevention by creating transparent and immutable records of policies, claims, and transactions. Also, insurance companies are offering digital self-service portals that allow policyholders to access their policies, pay premiums, make claims, and update their information conveniently.

Enterprise Size Outlook

Based on enterprise size, the market is classified into large enterprises and small & medium-sized enterprises. In 2022, the large enterprises segment dominated the largest revenue share in the market. Digital adoption can lead to cost savings for large enterprises. It allows for the automation of routine processes, reduces the need for physical branches, and streamlines back-office operations. Staying competitive in the BFSI sector requires embracing digital innovations. Large enterprises understand that digital banking platforms, advanced analytics, and AI-powered customer service can give them an edge in attracting and retaining customers.

Deployment Type Outlook

On the basis of deployment type, the market is fragmented into on-premise and cloud. The cloud segment covered a considerable revenue share in the market in 2022. Cloud services can be rapidly provisioned and deployed, reducing the time it takes to market new digital services and applications. This ability is particularly important in the fast-paced BFSI sector. Cloud-based deployment eliminates the need for significant upfront capital expenditures on hardware and infrastructure, allowing organizations to operate on a pay-as-you-go model, leading to cost savings over time.

Technology Outlook

By technology, the market is divided into artificial intelligence, cloud computing, blockchain, big data & business analytics, cybersecurity, and others. The big data and business analytics segment procured the maximum revenue share in the market in 2022. The term "big data" in the context of the financial services industry (BFSI) refers to enormous, voluminous data sets that are heterogeneous and produced timely in the financial services via various activities like ATM transactions, cash transactions, online fund transfers, account openings, risk assessments, payment clearance, and other activities.

Region Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region garnered a substantial revenue share in the market in 2022. Modern FinTech systems are quickly ingraining themselves into society, from fast-growing new countries like China and India to mature markets like Australia and Japan. People are acquiring access to an expanding variety of virtual financial services. Businesses in Asian nations implement effective and streamlined solutions to improve their customer experience and grow their client base, creating a profitable potential for market.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include HID Global Corporation (Assa Abloy AB), Google LLC (Alphabet Inc.), Microsoft Corporation, SAP SE, Oracle Corporation, Alphasense, Inc., Accenture PLC, Cognizant Technology Solutions Corporation, Fujitsu Limited, and IBM Corporation.

Recent Strategies Deployed in Digital Transformation in BFSI Market

Partnerships, Collaborations, and Agreements:

Jul-2023: Cognizant Technology Solutions Corporation Teamed up with Max Life Insurance Co. Ltd. provider of a wide range of insurance and financial solutions. Through this collaboration, both companies would unite to expedite Max Life's digital transformation initiatives. Further, this innovation and technology development centre's primary goal is to foster product innovations, elevate customer experiences, and champion operational excellence at Max Life.

Jun-2023: International Business Machines Corporation entered into a partnership with First Abu Dhabi Bank (FAB), a banking institution based in the United Arab Emirates, offering a wide range of financial services. With this partnership, International Business Machines Corporation would Assist First Abu Dhabi Bank (FAB) in transitioning additional applications to the cloud as part of the bank's ongoing digital infrastructure modernization journey. Further, this partnership would empower the bank to enhance its technology infrastructure through a hybrid multi-cloud strategy, fostering cost-efficiency, productivity gains, and innovation opportunities.

Jun-2023: International Business Machines Corporation teamed up with Mannai InfoTech, a Qatar-based IT services company specializing in information technology and business solutions. Through this collaboration, IBM's consulting and technology teams have implemented a new architecture for Qatar National Bank's digital banking platform, resulting in increased productivity and a seamless user experience, as reported by the bank.

Jun-2023: Fujitsu Limited teamed up with Mizuho Financial Group, Inc., a financial services corporation offering a wide range of banking, financial, and related services. Through this collaboration, both companies-initiated verification trials leveraging Fujitsu's generative AI technology to streamline system development and maintenance operations for Mizuho.

May-2023: SAP SE formed a partnership with Google Cloud, a provider of a comprehensive suite of cloud computing and data analytics services for businesses and organizations worldwide. Through this partnership, both companies would unveil a comprehensive open data offering designed to simplify data landscapes and unleash the power of business data. Further, this offering would empower the customers to create a comprehensive data cloud that consolidates data from their entire enterprise, utilizing the SAP® Datasphere solution in conjunction with Google's data cloud.

Oct-2022: Oracle Corporation teamed up with HSBC, a leading global bank and financial services provider. Through this collaboration, HSBC would enhance its database systems by upgrading and migrating them to Oracle Exadata Cloud@Customer, a cloud platform provided as a managed infrastructure service within HSBC's own data centers.

Jul-2022: Google LLC entered into a partnership with Arvest Bank, a regional bank in the United States, that provides a range of financial services Arvest Bank would transfer its data centers to Google Cloud as part of a comprehensive digital transformation strategy, while also harnessing Google's AI and machine learning tools to enhance customer service.

May-2022: SAP SE joined hands with Accenture, a global professional services company offering a wide range of consulting, technology, and outsourcing solutions. Through this collaboration, the new joint solution merges the RISE with SAP offering with Accenture's SOAR services, enhanced with additional features encompassing Accenture's full range of transformation services, including tailored cloud services and proprietary intelligent tools, all delivered through an integrated as-a-service approach.

Jun-2021: Oracle Corporation teamed up with Deutsche Bank, a global financial institution offering a wide array of financial services. Through this collaboration, Deutsche Bank would upgrade its current database systems and transfer the majority of its Oracle Database assets to Oracle Exadata Cloud@Customer, an on-premises alternative to the Oracle Exadata Cloud Service.

Apr-2021: Google LLC entered into a partnership with NCR Corporation, a global technology company specializing in omnichannel banking and point-of-sale solutions. Through this partnership, Google would provide NCR corporation with its Digital Banking software portfolio in the cloud and encompassing NCR Channel Services for retail banking and the NCR Authentic card and payments processing platform.

Oct-2020: Accenture PLC Joined hands with ServiceNow, a leading software platform that offers a wide range of cloud-based solutions. Through this collaboration, both companies would establish a worldwide business division focused on digital transformation initiatives. Further, The division will have a specific emphasis on assisting clients in developing self-service and remote work initiatives.

Aug-2020: Accenture PLC entered into a partnership with RBL Bank, a prominent private sector bank in India, offering a wide range of banking and financial services to customers. Through this partnership, Accenture LLC would offer managed services to aid RBL Bank in modernizing and consolidating its extensive and diverse application environment. Further, this Partnership would assist the bank in delivering advanced banking services, increasing the scalability and resilience of its systems and processes, and enhancing operational efficiency.

Jul-2020: Google LLC formed a partnership with Deutsche Bank AG, a prominent German multinational bank offering a wide range of financial services globally. Through this Partnership, Google LLC would offer its cloud computing services to Deutsche Bank AG for their strategic transformation.

Acquisition and Mergers:

Sep-2023: SAP SE completed the acquisition of LeanIX GmbH, a software company specializing in Enterprise Architecture Management (EAM) solutions. With this acquisition, SAP SE would be able to broaden its business transformation portfolio, granting customers access to a comprehensive toolkit necessary for ongoing business transformation, while also enabling AI-powered process optimization.

Sep-2023: Fujitsu Limited completed the acquisition of Innovation Consulting Services (ICS), a SAP consultancy specializing in providing innovative solutions and services. Through this acquisition, Fujitsu Limited would be able to enhance its SAP consulting and managed services capabilities in the Asia Pacific region. Further, the acquisition leverages the combined SAP experience, expertise, and professional track records of Fujitsu and ICS to boost competitiveness and reinforce SAP business capabilities in the region.

Jun-2023: International Business Machines Corporation completed the acquisition of Agyla SAS, a technology company specializing in software development and solutions. Through this acquisition, International Business Machines Corporation would enhance its cloud expertise and support for clients in France. Further, this acquisition would expand IBM's range of hybrid multicloud services and strengthen the company's hybrid cloud and AI strategy in the region.

Jan-2023: Accenture PLC completed the acquisition of SKS Group, provider of a wide range of banking and financial solutions to individual and corporate clients. Through this acquisition, Accenture PLC would be able broaden its technology, consulting, and regulatory services offerings, strengthening its capacity to support specialized banks, including national promotional banks that offer financial and developmental support to local businesses and communities.

Dec-2022: International Business Machines Corporation completed the acquisition of Octo, a technology consulting firm specializing in providing digital services and solutions. Through this acquisition, International Business Machines Corporation would be able to create a significant digital transformation partner for the federal government, making it one of the largest in this space.

Nov-2022: Cognizant Technology Solutions Corporation completed the acquisition of AustinCSI, a provider of innovative technology solutions and consulting services. With this acquisition, Cognizant Technology Solutions Corporation would be able to enhance its technological capabilities and industry-specific knowledge, strengthening its advisory services to provide clients with comprehensive digital strategies and innovative solutions.

Jun-2022: Accenture PLC completed the acquisition of Allgemeines Rechenzentrum GmbH (ARZ), a provider of secure and efficient IT solutions for the financial sector and public administration. Through this acquisition, Accenture PLC would be able to broaden Accenture's range of cloud-based banking platform-as-a-service offerings in Europe, encompassing core banking services, online banking, and regulatory services for banking clients.

May-2022: AlphaSense Inc. completed the acquisition of Sentieo, a financial research platform and document search tool used by investment professionals. Through this acquisition, AlphaSense Inc. would continue its strategic approach of expanding their product and content offerings to enhance the value offered to the customers.

Mar-2022: AP SE completed the acquisition of taulia, a fintech company specializing in supply chain finance and working capital solutions. With this acquisition, SAP SE would be able to enhance its business network and reinforce its offerings for the CFO office. Both companies would provide software services together.

Scope of the Study

Market Segments covered in the Report:

By Component

• Solution
• Services

By End User

• Banks
• Insurance Companies
• Others

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises

By Deployment Type

• On premise
• Cloud

By Technology

• Big Data & Business Analytics
• Artificial Intelligence
• Cybersecurity
• Cloud Computing
• Blockchain
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• HID Global Corporation (Assa Abloy AB)
• Google LLC (Alphabet Inc.)
• Microsoft Corporation
• SAP SE
• Oracle Corporation
• Alphasense, Inc.
• Accenture PLC
• Cognizant Technology Solutions Corporation
• Fujitsu Limited
• IBM Corporation

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• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
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Table of Contents

Chapter 1. Market Scope & Methodology

• 1.1 Market Definition
• 1.2 Objectives
• 1.3 Market Scope
• 1.4 Segmentation
  • 1.4.1 Global Digital Transformation in BFSI Market, by Component
  • 1.4.2 Global Digital Transformation in BFSI Market, by End User
  • 1.4.3 Global Digital Transformation in BFSI Market, by Enterprise Size
  • 1.4.4 Global Digital Transformation in BFSI Market, by Deployment Type
  • 1.4.5 Global Digital Transformation in BFSI Market, by Technology
  • 1.4.6 Global Digital Transformation in BFSI Market, by Geography
• 1.5 Methodology for the research

Chapter 2. Market at a Glance

• 2.1 Key Highlights

Chapter 3. Market Overview

• 3.1 Introduction
  • 3.1.1 Overview
    • 3.1.1.1 Market Composition and Scenario
• 3.2 Key Factors Impacting the Market
  • 3.2.1 Market Drivers
  • 3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global

• 4.1 KBV Cardinal Matrix
• 4.2 Recent Industry Wide Strategic Developments
  • 4.2.1 Partnerships, Collaborations and Agreements
  • 4.2.2 Acquisition and Mergers
• 4.3 Top Winning Strategies
  • 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
  • 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul - 2023, Jul) Leading Players
• 4.4 Porter's Five Forces Analysis

Chapter 5. Global Digital Transformation in BFSI Market, By Component

• 5.1 Global Solution Market, By Region
• 5.2 Global Services Market, By Region

Chapter 6. Global Digital Transformation in BFSI Market, By End User

• 6.1 Global Banks Market, By Region
• 6.2 Global Insurance Companies Market, By Region
• 6.3 Global Other End User Market, By Region

Chapter 7. Global Digital Transformation in BFSI Market, By Enterprise Size

• 7.1 Global Large Enterprises Market, By Region
• 7.2 Global Small & Medium Enterprises Market, By Region

Chapter 8. Global Digital Transformation in BFSI Market, By Deployment Type

• 8.1 Global On premise Market, By Region
• 8.2 Global Cloud Market, By Region

Chapter 9. Global Digital Transformation in BFSI Market, By Technology

• 9.1 Global Big Data & Business Analytics Market, By Region
• 9.2 Global Artificial Intelligence Market, By Region
• 9.3 Global Cybersecurity Market, By Region
• 9.4 Global Cloud Computing Market, By Region
• 9.5 Global Blockchain Market, By Region
• 9.6 Global Others Market, By Region

Chapter 10. Global Digital Transformation in BFSI Market, By Region

• 10.1 North America Digital Transformation in BFSI Market
  • 10.1.1 North America Digital Transformation in BFSI Market, By Component
    • 10.1.1.1 North America Solution Market, By Country
    • 10.1.1.2 North America Services Market, By Country
  • 10.1.2 North America Digital Transformation in BFSI Market, By End User
    • 10.1.2.1 North America Banks Market, By Country
    • 10.1.2.2 North America Insurance Companies Market, By Country
    • 10.1.2.3 North America Other End User Market, By Country
  • 10.1.3 North America Digital Transformation in BFSI Market, By Enterprise Size
    • 10.1.3.1 North America Large Enterprises Market, By Country
    • 10.1.3.2 North America Small & Medium Enterprises Market, By Country
  • 10.1.4 North America Digital Transformation in BFSI Market, By Deployment Type
    • 10.1.4.1 North America On premise Market, By Country
    • 10.1.4.2 North America Cloud Market, By Country
  • 10.1.5 North America Digital Transformation in BFSI Market, By Technology
    • 10.1.5.1 North America Big Data & Business Analytics Market, By Country
    • 10.1.5.2 North America Artificial Intelligence Market, By Country
    • 10.1.5.3 North America Cybersecurity Market, By Country
    • 10.1.5.4 North America Cloud Computing Market, By Country
    • 10.1.5.5 North America Blockchain Market, By Country
    • 10.1.5.6 North America Others Market, By Country
  • 10.1.6 North America Digital Transformation in BFSI Market, By Country
    • 10.1.6.1 US Digital Transformation in BFSI Market
      • 10.1.6.1.1 US Digital Transformation in BFSI Market, By Component
      • 10.1.6.1.2 US Digital Transformation in BFSI Market, By End User
      • 10.1.6.1.3 US Digital Transformation in BFSI Market, By Enterprise Size
      • 10.1.6.1.4 US Digital Transformation in BFSI Market, By Deployment Type
      • 10.1.6.1.5 US Digital Transformation in BFSI Market, By Technology
    • 10.1.6.2 Canada Digital Transformation in BFSI Market
      • 10.1.6.2.1 Canada Digital Transformation in BFSI Market, By Component
      • 10.1.6.2.2 Canada Digital Transformation in BFSI Market, By End User
      • 10.1.6.2.3 Canada Digital Transformation in BFSI Market, By Enterprise Size
      • 10.1.6.2.4 Canada Digital Transformation in BFSI Market, By Deployment Type
      • 10.1.6.2.5 Canada Digital Transformation in BFSI Market, By Technology
    • 10.1.6.3 Mexico Digital Transformation in BFSI Market
      • 10.1.6.3.1 Mexico Digital Transformation in BFSI Market, By Component
      • 10.1.6.3.2 Mexico Digital Transformation in BFSI Market, By End User
      • 10.1.6.3.3 Mexico Digital Transformation in BFSI Market, By Enterprise Size
      • 10.1.6.3.4 Mexico Digital Transformation in BFSI Market, By Deployment Type
      • 10.1.6.3.5 Mexico Digital Transformation in BFSI Market, By Technology
    • 10.1.6.4 Rest of North America Digital Transformation in BFSI Market
      • 10.1.6.4.1 Rest of North America Digital Transformation in BFSI Market, By Component
      • 10.1.6.4.2 Rest of North America Digital Transformation in BFSI Market, By End User
      • 10.1.6.4.3 Rest of North America Digital Transformation in BFSI Market, By Enterprise Size
      • 10.1.6.4.4 Rest of North America Digital Transformation in BFSI Market, By Deployment Type
      • 10.1.6.4.5 Rest of North America Digital Transformation in BFSI Market, By Technology
• 10.2 Europe Digital Transformation in BFSI Market
  • 10.2.1 Europe Digital Transformation in BFSI Market, By Component
    • 10.2.1.1 Europe Solution Market, By Country
    • 10.2.1.2 Europe Services Market, By Country
  • 10.2.2 Europe Digital Transformation in BFSI Market, By End User
    • 10.2.2.1 Europe Banks Market, By Country
    • 10.2.2.2 Europe Insurance Companies Market, By Country
    • 10.2.2.3 Europe Other End User Market, By Country
  • 10.2.3 Europe Digital Transformation in BFSI Market, By Enterprise Size
    • 10.2.3.1 Europe Large Enterprises Market, By Country
    • 10.2.3.2 Europe Small & Medium Enterprises Market, By Country
  • 10.2.4 Europe Digital Transformation in BFSI Market, By Deployment Type
    • 10.2.4.1 Europe On premise Market, By Country
    • 10.2.4.2 Europe Cloud Market, By Country
  • 10.2.5 Europe Digital Transformation in BFSI Market, By Technology
    • 10.2.5.1 Europe Big Data & Business Analytics Market, By Country
    • 10.2.5.2 Europe Artificial Intelligence Market, By Country
    • 10.2.5.3 Europe Cybersecurity Market, By Country
    • 10.2.5.4 Europe Cloud Computing Market, By Country
    • 10.2.5.5 Europe Blockchain Market, By Country
    • 10.2.5.6 Europe Others Market, By Country
  • 10.2.6 Europe Digital Transformation in BFSI Market, By Country
    • 10.2.6.1 Germany Digital Transformation in BFSI Market
      • 10.2.6.1.1 Germany Digital Transformation in BFSI Market, By Component
      • 10.2.6.1.2 Germany Digital Transformation in BFSI Market, By End User
      • 10.2.6.1.3 Germany Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.1.4 Germany Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.1.5 Germany Digital Transformation in BFSI Market, By Technology
    • 10.2.6.2 UK Digital Transformation in BFSI Market
      • 10.2.6.2.1 UK Digital Transformation in BFSI Market, By Component
      • 10.2.6.2.2 UK Digital Transformation in BFSI Market, By End User
      • 10.2.6.2.3 UK Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.2.4 UK Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.2.5 UK Digital Transformation in BFSI Market, By Technology
    • 10.2.6.3 France Digital Transformation in BFSI Market
      • 10.2.6.3.1 France Digital Transformation in BFSI Market, By Component
      • 10.2.6.3.2 France Digital Transformation in BFSI Market, By End User
      • 10.2.6.3.3 France Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.3.4 France Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.3.5 France Digital Transformation in BFSI Market, By Technology
    • 10.2.6.4 Russia Digital Transformation in BFSI Market
      • 10.2.6.4.1 Russia Digital Transformation in BFSI Market, By Component
      • 10.2.6.4.2 Russia Digital Transformation in BFSI Market, By End User
      • 10.2.6.4.3 Russia Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.4.4 Russia Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.4.5 Russia Digital Transformation in BFSI Market, By Technology
    • 10.2.6.5 Spain Digital Transformation in BFSI Market
      • 10.2.6.5.1 Spain Digital Transformation in BFSI Market, By Component
      • 10.2.6.5.2 Spain Digital Transformation in BFSI Market, By End User
      • 10.2.6.5.3 Spain Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.5.4 Spain Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.5.5 Spain Digital Transformation in BFSI Market, By Technology
    • 10.2.6.6 Italy Digital Transformation in BFSI Market
      • 10.2.6.6.1 Italy Digital Transformation in BFSI Market, By Component
      • 10.2.6.6.2 Italy Digital Transformation in BFSI Market, By End User
      • 10.2.6.6.3 Italy Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.6.4 Italy Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.6.5 Italy Digital Transformation in BFSI Market, By Technology
    • 10.2.6.7 Rest of Europe Digital Transformation in BFSI Market
      • 10.2.6.7.1 Rest of Europe Digital Transformation in BFSI Market, By Component
      • 10.2.6.7.2 Rest of Europe Digital Transformation in BFSI Market, By End User
      • 10.2.6.7.3 Rest of Europe Digital Transformation in BFSI Market, By Enterprise Size
      • 10.2.6.7.4 Rest of Europe Digital Transformation in BFSI Market, By Deployment Type
      • 10.2.6.7.5 Rest of Europe Digital Transformation in BFSI Market, By Technology
• 10.3 Asia Pacific Digital Transformation in BFSI Market
  • 10.3.1 Asia Pacific Digital Transformation in BFSI Market, By Component
    • 10.3.1.1 Asia Pacific Solution Market, By Country
    • 10.3.1.2 Asia Pacific Services Market, By Country
  • 10.3.2 Asia Pacific Digital Transformation in BFSI Market, By End User
    • 10.3.2.1 Asia Pacific Banks Market, By Country
    • 10.3.2.2 Asia Pacific Insurance Companies Market, By Country
    • 10.3.2.3 Asia Pacific Other End User Market, By Country
  • 10.3.3 Asia Pacific Digital Transformation in BFSI Market, By Enterprise Size
    • 10.3.3.1 Asia Pacific Large Enterprises Market, By Country
    • 10.3.3.2 Asia Pacific Small & Medium Enterprises Market, By Country
  • 10.3.4 Asia Pacific Digital Transformation in BFSI Market, By Deployment Type
    • 10.3.4.1 Asia Pacific On premise Market, By Country
    • 10.3.4.2 Asia Pacific Cloud Market, By Country
  • 10.3.5 Asia Pacific Digital Transformation in BFSI Market, By Technology
    • 10.3.5.1 Asia Pacific Big Data & Business Analytics Market, By Country
    • 10.3.5.2 Asia Pacific Artificial Intelligence Market, By Country
    • 10.3.5.3 Asia Pacific Cybersecurity Market, By Country
    • 10.3.5.4 Asia Pacific Cloud Computing Market, By Country
    • 10.3.5.5 Asia Pacific Blockchain Market, By Country
    • 10.3.5.6 Asia Pacific Others Market, By Country
  • 10.3.6 Asia Pacific Digital Transformation in BFSI Market, By Country
    • 10.3.6.1 China Digital Transformation in BFSI Market
      • 10.3.6.1.1 China Digital Transformation in BFSI Market, By Component
      • 10.3.6.1.2 China Digital Transformation in BFSI Market, By End User
      • 10.3.6.1.3 China Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.1.4 China Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.1.5 China Digital Transformation in BFSI Market, By Technology
    • 10.3.6.2 Japan Digital Transformation in BFSI Market
      • 10.3.6.2.1 Japan Digital Transformation in BFSI Market, By Component
      • 10.3.6.2.2 Japan Digital Transformation in BFSI Market, By End User
      • 10.3.6.2.3 Japan Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.2.4 Japan Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.2.5 Japan Digital Transformation in BFSI Market, By Technology
    • 10.3.6.3 India Digital Transformation in BFSI Market
      • 10.3.6.3.1 India Digital Transformation in BFSI Market, By Component
      • 10.3.6.3.2 India Digital Transformation in BFSI Market, By End User
      • 10.3.6.3.3 India Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.3.4 India Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.3.5 India Digital Transformation in BFSI Market, By Technology
    • 10.3.6.4 South Korea Digital Transformation in BFSI Market
      • 10.3.6.4.1 South Korea Digital Transformation in BFSI Market, By Component
      • 10.3.6.4.2 South Korea Digital Transformation in BFSI Market, By End User
      • 10.3.6.4.3 South Korea Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.4.4 South Korea Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.4.5 South Korea Digital Transformation in BFSI Market, By Technology
    • 10.3.6.5 Singapore Digital Transformation in BFSI Market
      • 10.3.6.5.1 Singapore Digital Transformation in BFSI Market, By Component
      • 10.3.6.5.2 Singapore Digital Transformation in BFSI Market, By End User
      • 10.3.6.5.3 Singapore Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.5.4 Singapore Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.5.5 Singapore Digital Transformation in BFSI Market, By Technology
    • 10.3.6.6 Malaysia Digital Transformation in BFSI Market
      • 10.3.6.6.1 Malaysia Digital Transformation in BFSI Market, By Component
      • 10.3.6.6.2 Malaysia Digital Transformation in BFSI Market, By End User
      • 10.3.6.6.3 Malaysia Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.6.4 Malaysia Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.6.5 Malaysia Digital Transformation in BFSI Market, By Technology
    • 10.3.6.7 Rest of Asia Pacific Digital Transformation in BFSI Market
      • 10.3.6.7.1 Rest of Asia Pacific Digital Transformation in BFSI Market, By Component
      • 10.3.6.7.2 Rest of Asia Pacific Digital Transformation in BFSI Market, By End User
      • 10.3.6.7.3 Rest of Asia Pacific Digital Transformation in BFSI Market, By Enterprise Size
      • 10.3.6.7.4 Rest of Asia Pacific Digital Transformation in BFSI Market, By Deployment Type
      • 10.3.6.7.5 Rest of Asia Pacific Digital Transformation in BFSI Market, By Technology
• 10.4 LAMEA Digital Transformation in BFSI Market
  • 10.4.1 LAMEA Digital Transformation in BFSI Market, By Component
    • 10.4.1.1 LAMEA Solution Market, By Country
    • 10.4.1.2 LAMEA Services Market, By Country
  • 10.4.2 LAMEA Digital Transformation in BFSI Market, By End User
    • 10.4.2.1 LAMEA Banks Market, By Country
    • 10.4.2.2 LAMEA Insurance Companies Market, By Country
    • 10.4.2.3 LAMEA Other End User Market, By Country
  • 10.4.3 LAMEA Digital Transformation in BFSI Market, By Enterprise Size
    • 10.4.3.1 LAMEA Large Enterprises Market, By Country
    • 10.4.3.2 LAMEA Small & Medium Enterprises Market, By Country
  • 10.4.4 LAMEA Digital Transformation in BFSI Market, By Deployment Type
    • 10.4.4.1 LAMEA On premise Market, By Country
    • 10.4.4.2 LAMEA Cloud Market, By Country
  • 10.4.5 LAMEA Digital Transformation in BFSI Market, By Technology
    • 10.4.5.1 LAMEA Big Data & Business Analytics Market, By Country
    • 10.4.5.2 LAMEA Artificial Intelligence Market, By Country
    • 10.4.5.3 LAMEA Cybersecurity Market, By Country
    • 10.4.5.4 LAMEA Cloud Computing Market, By Country
    • 10.4.5.5 LAMEA Blockchain Market, By Country
    • 10.4.5.6 LAMEA Others Market, By Country
  • 10.4.6 LAMEA Digital Transformation in BFSI Market, By Country
    • 10.4.6.1 Brazil Digital Transformation in BFSI Market
      • 10.4.6.1.1 Brazil Digital Transformation in BFSI Market, By Component
      • 10.4.6.1.2 Brazil Digital Transformation in BFSI Market, By End User
      • 10.4.6.1.3 Brazil Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.1.4 Brazil Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.1.5 Brazil Digital Transformation in BFSI Market, By Technology
    • 10.4.6.2 Argentina Digital Transformation in BFSI Market
      • 10.4.6.2.1 Argentina Digital Transformation in BFSI Market, By Component
      • 10.4.6.2.2 Argentina Digital Transformation in BFSI Market, By End User
      • 10.4.6.2.3 Argentina Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.2.4 Argentina Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.2.5 Argentina Digital Transformation in BFSI Market, By Technology
    • 10.4.6.3 UAE Digital Transformation in BFSI Market
      • 10.4.6.3.1 UAE Digital Transformation in BFSI Market, By Component
      • 10.4.6.3.2 UAE Digital Transformation in BFSI Market, By End User
      • 10.4.6.3.3 UAE Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.3.4 UAE Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.3.5 UAE Digital Transformation in BFSI Market, By Technology
    • 10.4.6.4 Saudi Arabia Digital Transformation in BFSI Market
      • 10.4.6.4.1 Saudi Arabia Digital Transformation in BFSI Market, By Component
      • 10.4.6.4.2 Saudi Arabia Digital Transformation in BFSI Market, By End User
      • 10.4.6.4.3 Saudi Arabia Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.4.4 Saudi Arabia Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.4.5 Saudi Arabia Digital Transformation in BFSI Market, By Technology
    • 10.4.6.5 South Africa Digital Transformation in BFSI Market
      • 10.4.6.5.1 South Africa Digital Transformation in BFSI Market, By Component
      • 10.4.6.5.2 South Africa Digital Transformation in BFSI Market, By End User
      • 10.4.6.5.3 South Africa Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.5.4 South Africa Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.5.5 South Africa Digital Transformation in BFSI Market, By Technology
    • 10.4.6.6 Nigeria Digital Transformation in BFSI Market
      • 10.4.6.6.1 Nigeria Digital Transformation in BFSI Market, By Component
      • 10.4.6.6.2 Nigeria Digital Transformation in BFSI Market, By End User
      • 10.4.6.6.3 Nigeria Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.6.4 Nigeria Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.6.5 Nigeria Digital Transformation in BFSI Market, By Technology
    • 10.4.6.7 Rest of LAMEA Digital Transformation in BFSI Market
      • 10.4.6.7.1 Rest of LAMEA Digital Transformation in BFSI Market, By Component
      • 10.4.6.7.2 Rest of LAMEA Digital Transformation in BFSI Market, By End User
      • 10.4.6.7.3 Rest of LAMEA Digital Transformation in BFSI Market, By Enterprise Size
      • 10.4.6.7.4 Rest of LAMEA Digital Transformation in BFSI Market, By Deployment Type
      • 10.4.6.7.5 Rest of LAMEA Digital Transformation in BFSI Market, By Technology

Chapter 11. Company Profiles

• 11.1 HID Global Corporation (Assa Abloy AB)
  • 11.1.1 Company Overview
  • 11.1.2 Financial Analysis
  • 11.1.3 Segmental and Regional Analysis
  • 11.1.4 Research & Development Expense
  • 11.1.5 SWOT Analysis
• 11.2 Google LLC (Alphabet Inc.)
  • 11.2.1 Company Overview
  • 11.2.2 Financial Analysis
  • 11.2.3 Segmental and Regional Analysis
  • 11.2.4 Research & Development Expense
  • 11.2.5 Recent strategies and developments:
    • 11.2.5.1 Partnerships, Collaborations, and Agreements:
  • 11.2.6 SWOT Analysis
• 11.3 Microsoft Corporation
  • 11.3.1 Company Overview
  • 11.3.2 Financial Analysis
  • 11.3.3 Segmental and Regional Analysis
  • 11.3.4 Research & Development Expenses
  • 11.3.5 SWOT Analysis
• 11.4 SAP SE
  • 11.4.1 Company Overview
  • 11.4.2 Financial Analysis
  • 11.4.3 Segmental and Regional Analysis
  • 11.4.4 Research & Development Expense
  • 11.4.5 Recent strategies and developments:
    • 11.4.5.1 Partnerships, Collaborations, and Agreements:
    • 11.4.5.2 Acquisition and Mergers:
  • 11.4.6 SWOT Analysis
• 11.5 Oracle Corporation
  • 11.5.1 Company Overview
  • 11.5.2 Financial Analysis
  • 11.5.3 Segmental and Regional Analysis
  • 11.5.4 Research & Development Expense
  • 11.5.5 Recent strategies and developments:
    • 11.5.5.1 Partnerships, Collaborations, and Agreements:
  • 11.5.6 SWOT Analysis
• 11.6 Alphasense, Inc.
  • 11.6.1 Company Overview
  • 11.6.2 Recent strategies and developments:
    • 11.6.2.1 Acquisition and Mergers:
  • 11.6.3 SWOT Analysis
• 11.7 Accenture PLC
  • 11.7.1 Company Overview
  • 11.7.2 Financial Analysis
  • 11.7.3 Segmental and Regional Analysis
  • 11.7.4 Research & Development Expenses
  • 11.7.5 Recent strategies and developments:
    • 11.7.5.1 Partnerships, Collaborations, and Agreements:
    • 11.7.5.2 Acquisition and Mergers:
  • 11.7.6 SWOT Analysis
• 11.8 Cognizant Technology Solutions Corporation
  • 11.8.1 Company overview
  • 11.8.2 Financial Analysis
  • 11.8.3 Segmental and Regional Analysis
  • 11.8.4 Recent strategies and developments:
    • 11.8.4.1 Partnerships, Collaborations, and Agreements:
  • 11.8.5 SWOT Analysis
• 11.9 Fujitsu Limited
  • 11.9.1 Company Overview
  • 11.9.2 Financial Analysis
  • 11.9.3 Segmental and Regional Analysis
  • 11.9.4 Research & Development Expenses
  • 11.9.5 Recent strategies and developments:
    • 11.9.5.1 Partnerships, Collaborations, and Agreements:
    • 11.9.5.2 Acquisition and Mergers:
  • 11.9.6 SWOT Analysis
• 11.10. IBM Corporation
  • 11.10.1 Company Overview
  • 11.10.2 Financial Analysis
  • 11.10.3 Segmental and Regional Analysis
  • 11.10.4 Research & Development Expenses
  • 11.10.5 Recent strategies and developments:
    • 11.10.5.1 Partnerships, Collaborations, and Agreements:
    • 11.10.5.2 Acquisition and Mergers:
  • 11.10.6 SWOT Analysis

Chapter 12. Winning imperatives of Digital Transformation in BFSI Market