BFSI IT Market in India 2015-2019

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BFSI IT Market in India 2015-2019

The report discusses the following in-depth:

• Market Segmentation by Types of Product • Market Segmentation by Packaging Technology • Market Segmentation by Nature of Transaction

• Business Segmentation

• Business Segmentation by Revenue

• Geographical Segmentation by Revenue

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BFSI IT Market in India 2015-2019

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Key Trends

TechNavio’s Senior Analyst says, “The Indian government has tightened IT regulations and formulated some policies to monitor the exchange of information. The Indian economy has seen a marked improvement over the years, which has enabled banks and other financial institutions in the country to enhance their overall profitability.”

• The IT setup of an organization comprises hardware, software, and services. The IT department is responsible for storing, safeguarding, processing, transmitting, and retrieving an organization's information. IT enables the smooth flow of information across the organization and manages a gamut of IT-related services, software, and solutions, and integrates and streamlines them with various processes, facilitating a smooth flow of organizational information.

• TechNavio's analysts forecast the BFSI IT Market in India to grow at a CAGR of 14.15 percent over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

BFSI IT Market in India 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

BFSI IT Market in India 2015-2019

HP

IBM

HP was founded in 1939 and is headquartered at Palo Alto, California, US. It is a leading global provider of IT products, software, technologies, services, and solutions. The company's customers are SMEs, individual consumers, and large enterprises, including customers in the Healthcare, Government, and Education sectors. HP is the world's second largest provider of PCs, after Lenovo.

IBM offers various types of hardware, software, consulting, and infrastructure services. Its offerings find applications in various sectors such as Aerospace and Defense, Banking, Consumer Products, Electronics, Healthcare, Media and Entertainment, Retail, Education, and Government.

OracleOracle has headquartered in Redwood, California, US. The company develops, manufactures, and markets enterprise databases, applications and middleware software, and hardware systems. The company operates in three business segments: Software, Hardware Systems, and Services.

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Market Landscape

• The BFSI IT market in India is divided into three segments: Hardware, Software, and Services.

• The Hardware segment includes desktops and laptops, storage and security devices, and servers and networking equipment.

• The Software segment includes infrastructure and security software, design and development software, and application software.

• The Services segment includes IT management, development and integration, process management, hardware maintenance and support, IT consulting, and software development and support.

• The rapid growth of the BFSI IT market in India stems from a variety of significant factors.

• The Indian government is increasingly focused on promoting the growth of the IT market because it has a direct impact on the country's economy.

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Cost- effectivenessIT services should be competitively priced and high in quality; they should comply with acceptable standards

Credibility and Reliability

Customers prefer suppliers with which they can build long-term working relationships; this is considered an important criterion in the purchasing decisions of end-users. Stability of business and large-scale operations determine the end-user's choice of vendor. Vendors should also assure customers that they have the capability to solve any problem caused by technical issues

ScalabilityIT services should have the ability to scale up or down based on end-user demand

Security

Vendors should prevent data leakage and protect sensitive company information from hacking and other external threats

Service

Poor communication in terms of service, inconsistent marketing messages, and lack of transparency will deter potential buyers from making a purchase. Solutions must meet high quality standards. Vendors should be able to solve any problems caused by technical issues and ensure service continuity

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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BFSI IT Market in India 2015-2019

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