The article cited AMA's Global Banking BPS Market Study explored substantial growth with CAGR of 9.19%. According the report, Growing Adoption of E-Banking Operations and Banking Automation
is one of the primary growth factors for the market. Provides Flexibility and Operational Simplicity to the Banks
is also expected to contribute significantly to the Banking BPS market. Overall, applications of Banking BPS, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Banking BPS market identified that the demand is rising in many different parts of the world as "Continues Technological Advancements and Growing Demand for Technology-Based Banking Solution Providers
". Furthermore, some recent industry insights like "On May 16, 2019, a global leader in digital transformation, 'Atos' has launched its brand new Hardware Security Module (HSM) for IoT, a high-performance security device designed to protect IoT ecosystems through cryptographic features. The new HSM, part of the Horus portfolio, combines ‘as-a-Service’ access, centralized key management system and IoT security services for a fully-integrated solution." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Technologically & Financial Expert Professional with respect to Escalating Need"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Banking BPS market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Banking BPS market and other related sub-markets covered in the study.
o Key & emerging players in the Banking BPS market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Banking BPS market size is calculated using market estimation process, the Banking BPS market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Banking BPS market size has been validated using both top-down and bottom-up approaches.