Big Data Analytics in Banking Comprehensive Study by Application (Feedback Management, Customer Analytics, Social Media Analytics, Fraud Detection and Management, Others), Components (Software, Services), Deployment Mode (On-Premise, Cloud), Big Data Analytics (Prescriptive Analytics, Diagnostic Analytics, Descriptive Analytics, Predictive Analytics, Other) Players and Region - Global Market Outlook to 2028

Name: Big Data Analytics in Banking Comprehensive Study by Application (Feedback Management, Customer Analytics, Social Media Analytics, Fraud Detection and Management, Others), Components (Software, Services), Deployment Mode (On-Premise, Cloud), Big Data Analytics (Prescriptive Analytics, Diagnostic Analytics, Descriptive Analytics, Predictive Analytics, Other) Players and Region - Global Market Outlook to 2028
Brand: AMA Research
SKU: 16522
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Big Data Analytics in Banking Market by XX Submarkets | Forecast Years 2023-2028

Summary
Market Segments
Table of Content
List of Table & Figures
Players Profiled

Summary

Industry Background:

In the Banking and Financial Services sector, through data analytics, institutions can monitor and assess large amounts of customer data and create personalized/customized products and services specific to individual consumers. Big data analytics can aid banks in understanding customer behavior based on the inputs received from their investment patterns, shopping trends, motivation to invest and personal or financial backgrounds. Big data in the healthcare market has high growth prospects owing to increasing spending on technological advancement in the healthcare industry. Further, the growing adoption of cloud-based analytics solutions in the healthcare industry expected to drive market growth over the forecasted period.This growth is primarily driven by Many organizations are increasingly depending on digital systems to realize their goals .

Attributes	Details
Study Period	2018-2028
Base Year	2022
Forecast Period	2023-2028
Volume Unit	N
Value Unit	USD (Million)
Customization Scope	Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility

The Systems Software sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Oracle (United States), SAP SE (Germany), Microsoft (United States), HP (United States), Amazon AWS (United States), Google (United States), Hitachi Data Systems (United States), Tableau (United States) and New Relic (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.

Key Developments in the Market:

IBM acquired Armanta, an analytics software company. This acquisition will help the company enhance its management decision-making and better address regulatory compliance, allowing firms to re-allocate saved capital to innovation initiatives
IBM added Cloud Private data to its product portfolio, which is designed to help organizations to utilize data science and machine learning techniques, to generate valuable insights from data.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period.

Influencing Trend:

Rapid technological developments in the information technology sector and Increasing business operations

Market Growth Drivers:

Many organizations are increasingly depending on digital systems to realize their goals and Incorporation of Digital Transformation in Top-Level Strategies

Challenges:

Occurrence of inaccurate data

Restraints:

Lack of skilled workers associated in handling banking stuff related to big data

Opportunities:

High adoption rate owing to large potential in developing region like Asia Pacific and Strengthening Regulatory Landscape for Data Protection

AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.

Data Sources of Big Data Analytics in Banking Market Study

Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Big Data Analytics in Banking Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.

The primary interviews and data collected as per the below protocols:
• By Designation: C-Level, D-Level, Others
• By Company Type: Tier 1, Tier 2, Tier 3

Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Big Data Analytics in Banking players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.

Customization in the Report

AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis

Against this Challenging Backdrop, Big Data Analytics in Banking Study Sheds Light on

— The Big Data Analytics in Banking Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Big Data Analytics in Banking industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Big Data Analytics in Banking industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.

Market Segments

Report Objectives / Segmentation Covered

By Application

Feedback Management
Customer Analytics
Social Media Analytics
Fraud Detection and Management
Others

By Components

Software
Services

By Deployment Mode

On-Premise
Cloud

By Big Data Analytics

Prescriptive Analytics
Diagnostic Analytics
Descriptive Analytics
Predictive Analytics
Other

By Regions

South America
- Brazil
- Argentina
- Rest of South America
Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
Europe
- Germany
- France
- Italy
- United Kingdom
- Netherlands
- Rest of Europe
MEA
- Middle East
- Africa
North America
- United States
- Canada
- Mexico

Table of Content

List of Tables & Figures

List of Tables

List of Figures

Companies Mentioned

List of companies from research coverage that are profiled in the study

Additional players considered in the study are as follows:

Alation , Teradata , VMware , Splice Machine , Splunk Enterprise , Alteryx

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Key Highlights of Report

May 2023 223 Pages 60 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Global Big Data Analytics in Banking Quantitative research analysis

Global Big Data Analytics in Banking Qualitative Industry Analysis

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Frequently Asked Questions (FAQ):

What are the years considered in the Big Data Analytics in Banking Market?

Historical year: 2018-2022; Base year: 2022; Forecast period: 2023 to 2028

Who are the key players profiled in the Big Data Analytics in Banking Market?

Companies that are profiled in Global Big Data Analytics in Banking Market are IBM (United States), Oracle (United States), SAP SE (Germany), Microsoft (United States), HP (United States), Amazon AWS (United States), Google (United States), Hitachi Data Systems (United States), Tableau (United States) and New Relic (United States) etc.

Why Big Data Analytics in Banking industry players are focusing on Feedback Management application?

Feedback Management segment in Global market to hold robust market share owing to "Many organizations are increasingly depending on digital systems to realize their goals ".

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