Scope of the Study
The global fintech software services is expected to grow at a slow pace during the forecast period, according to the AMA study. The growing demand for boosting the organisational efficiency and the growing demand for connected devices across differentr end use industries are some of the major factors of the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is againg expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Banking, Insurance, Securities and Others) and major geographies with country level break-up.
Accenture (Ireland), IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Red Hat, Inc. (United States), Salesforce.com, Inc. (United States), Intellias Ltd. (Ukraine) and Perfios Software Solutions Pvt Ltd (Malaysia) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new & innovative products and solutions in order to cater to the market's demands to remain competitive in the highly fragmented global market. According to the recent global industry crisis due to outbreak of COVID-19 is expecteed to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global FinTech Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global FinTech Software market by Type, Application and Region.
On the basis of geography, the market of FinTech Software has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Boosting the Business Efficiency
- Growing Demand for Connected Devices Across Different Industries
- Implementation of Artificial Intelligence & Adoption of APIs in Fintech Software Platform
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
- Opportunities in Asia Pacific Region Owing to Countries Such as China and India
In November 2019, IBM announced that it has launched the world’s first financial services-ready public cloud, with Bank of America on board as the first partner and collaborator.
Stringent Worldwide Government Regulations Regarding Lock-Down of Markets & Cities Across Different Countries of the World to Avoid the Spread of COVID-19
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase