Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The latest update of “Global Banking BPS Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Banking BPS Market.
Overview of the Banking BPS Market:
Increasing investments in digitalization, deposition of money, and increasing competition in the banking industry are the major factors fueling market growth. Rising consumer demand and the impact of economic hardships on banks are the major restraining factors. These factors are projected to hamper the revenue trajectory of the global Banking BPS market. However, rising research and development efforts will create new opportunities for players in the industry. These factors are expected to drive the market in the next few years.
Growing loan and deposition of money is fostering banking BPS market growth. Moreover, growing digitalization and rapid adoption of advanced technology is again fostering growth of the banking BPS market. According to the Finder ROW Pty Ltd, around 22% of Indian adults – an estimated 205 million – say they have a digital-only bank account and that number is set to grow according to latest Google Survey of 2,512 Indian adults. Over the next year, a further 12% of respondents say they plan to open a digital-only or 100% online bank account and an additional 9% say they plan to open one over the next 5 years.
North America is expected to witness significant growth over the forecast period owing to the technological advancement in the region. For instance, in October 2021, Mastercard announced a new supply chain finance capability within Track Business Payment Service (Track BPS) – designed to increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid.
Key Developments:
- In September 2019, Allahabad bank has launched RBI’s Repo Rate and 3 Month Mumbai Interbank Offer Rate (MIBOR) as the benchmark rates
- In December 2021, Dukhan Bank has launched a first limited-edition of eco-friendly prepaid card in Qatar inspired by National Day. Applicants, whether new or existing customers, will also receive 1,800 additional DAwards points under the Bank’s highly popular rewards program.
- In August 2021, Indian Bank has entered into a MoU with the Society for Innovation and Entrepreneurship (SINE), IIT Bombay, for extending exclusive credit facility to startups and MSMEs.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Banking BPS Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Banking BPS Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Atos
- Avaloq
- Capgemini
- Cognizant
- Concentrix
- FirstSource
- FIS
- Genpact
- HCL
- Hexaware Technologies
- Infosys
- NIIT
- SLK
- Tata BSS
- TCS
- Wipro
- WNS
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Banking BPS Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Front Office
- Middle Office
- Back Office
By Applications, the market is segmented into:
- Core Banking
- Mortgage and Loan
- Payment Services
- Securities Processing
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Banking BPS Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Banking BPS Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Banking BPS Market
1.6.1 How the Covid-19 is Affecting the Banking BPS Market
1.6.1.1 Banking BPS Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Banking BPS Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Banking BPS Market Perspective (2015-2028)
2.2 Banking BPS Market Growth Trends by Regions
2.2.1 Banking BPS Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Banking BPS Market Historic Market Share by Regions (2015-2021)
2.2.3 Banking BPS Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Banking BPS Market Growth Strategy
2.3.6 Primary Interviews with Key Banking BPS Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Banking BPS Market Players by Market Size
3.1.1 Global Top Banking BPS Market Players by Revenue (2015-2021)
3.1.2 Global Banking BPS Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Banking BPS Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Banking BPS Market Concentration Ratio
3.2.1 Global Banking BPS Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Banking BPS Market Revenue in 2019
3.3 Banking BPS Market Key Players Head office and Area Served
3.4 Key Players Banking BPS Market Product Solution and Service
3.5 Date of entering into Banking BPS Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Banking BPS Market Historic Market Size by Type (2015-2021)
4.2 Global Banking BPS Market Forecasted Market Size by Type (2021-2028)
5 Banking BPS Market Breakdown Data by Application (2015-2028)
5.1 Global Banking BPS Market Size by Application (2015-2021)
5.2 Global Banking BPS Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Banking BPS Market Size (2015-2021)
6.2 Banking BPS Market Key Players in North America (2019-2021)
6.3 North America Banking BPS Market Size by Type (2015-2021)
6.4 North America Banking BPS Market Size by Application (2015-2021)
7 Europe
7.1 Europe Banking BPS Market Size (2015-2021)
7.2 Banking BPS Market Key Players in Europe (2019-2021)
7.3 Europe Banking BPS Market Size by Type (2015-2021)
7.4 Europe Banking BPS Market Size by Application (2015-2021)
8 China
8.1 China Banking BPS Market Size (2015-2021)
8.2 Banking BPS Market Key Players in China (2019-2021)
8.3 China Banking BPS Market Size by Type (2015-2021)
8.4 China Banking BPS Market Size by Application (2015-2021)
9 Japan
9.1 Japan Banking BPS Market Size (2015-2021)
9.2 Banking BPS Market Key Players in Japan (2019-2021)
9.3 Japan Banking BPS Market Size by Type (2015-2021)
9.4 Japan Banking BPS Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Banking BPS Market Size (2015-2021)
10.2 Banking BPS Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Banking BPS Market Size by Type (2015-2021)
10.4 Southeast Asia Banking BPS Market Size by Application (2015-2021)
11 India
11.1 India Banking BPS Market Size (2015-2021)
11.2 Banking BPS Market Key Players in India (2019-2021)
11.3 India Banking BPS Market Size by Type (2015-2021)
11.4 India Banking BPS Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Banking BPS Market Size (2015-2021)
12.2 Banking BPS Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Banking BPS Market Size by Type (2015-2021)
12.4 Central & South America Banking BPS Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Banking BPS Market Introduction
13.4 Banking BPS Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Banking BPS Market Key Market Segments
Table 2. Key Players Covered: Ranking by Banking BPS Market Revenue
Table 3. Ranking of Global Top Banking BPS Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Banking BPS Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Banking BPS Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Banking BPS Market Players to Combat Covid-19 Impact
Table 10. Global Banking BPS Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Banking BPS Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Banking BPS Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Banking BPS Market Share by Regions (2015-2021)
Table 14. Global Banking BPS Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Banking BPS Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Banking BPS Market Growth Strategy
Table 20. Main Points Interviewed from Key Banking BPS Market Players
Table 21. Global Banking BPS Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Banking BPS Market Share by Players (2015-2021)
Table 23. Global Top Banking BPS Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Banking BPS Market as of 2019)
Table 24. Global Banking BPS Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Banking BPS Market Product Solution and Service
Table 27. Date of entering into Banking BPS Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 30. Global Banking BPS Market Size Share by Type (2015-2021)
Table 31. Global Banking BPS Market Revenue Market Share by Type (2021-2028)
Table 31. Global Banking BPS Market Size Share by Application (2015-2021)
Table 33. Global Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 34. Global Banking BPS Market Size Share by Application (2021-2028)
Table 35. North America Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Banking BPS Market Share (2019-2021)
Table 37. North America Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 38. North America Banking BPS Market Share by Type (2015-2021)
Table 39. North America Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 40. North America Banking BPS Market Share by Application (2015-2021)
Table 41. Europe Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Banking BPS Market Share (2019-2021)
Table 43. Europe Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Banking BPS Market Share by Type (2015-2021)
Table 45. Europe Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Banking BPS Market Share by Application (2015-2021)
Table 47. China Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Banking BPS Market Share (2019-2021)
Table 49. China Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 50. China Banking BPS Market Share by Type (2015-2021)
Table 51. China Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 52. China Banking BPS Market Share by Application (2015-2021)
Table 53. Japan Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Banking BPS Market Share (2019-2021)
Table 55. Japan Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Banking BPS Market Share by Type (2015-2021)
Table 57. Japan Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Banking BPS Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Banking BPS Market Share (2019-2021)
Table 61. Southeast Asia Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Banking BPS Market Share by Type (2015-2021)
Table 63. Southeast Asia Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Banking BPS Market Share by Application (2015-2021)
Table 65. India Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Banking BPS Market Share (2019-2021)
Table 67. India Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 68. India Banking BPS Market Share by Type (2015-2021)
Table 69. India Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 70. India Banking BPS Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Banking BPS Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Banking BPS Market Share (2019-2021)
Table 73. Central & South America Banking BPS Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Banking BPS Market Share by Type (2015-2021)
Table 75. Central & South America Banking BPS Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Banking BPS Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Banking BPS Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Banking BPS Market Share by Type: 2021 VS 2028
Figure 2. Global Banking BPS Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Banking BPS Market Report Years Considered
Figure 8. Global Banking BPS Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Banking BPS Market Share by Regions: 2021 VS 2028
Figure 10. Global Banking BPS Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Banking BPS Market Share by Players in 2019
Figure 13. Global Top Banking BPS Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Banking BPS Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Banking BPS Market Revenue in 2019
Figure 15. North America Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Banking BPS Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
