Boston, MA -- (SBWIRE) -- 10/07/2014 -- Retail banking IT spending occupies a major share in the total IT spending by banks worldwide. Apart from spending on core hardware, software, and services, retail banks spend on a number of emerging technologies such as core banking, analytical technologies, internal operations, online banking, mobile banking, and channel management. Innovation in banking technologies has transformed how a customer deals with a bank today. The evolution of technologies has not only enhanced the customer experience and satisfaction level, but has also made banks omnipresent virtually, such as through a cellphone, a customer can complete a banking transaction. Banks also face stiff competition from other banks day by day and, therefore, are under tremendous pressure to differentiate in terms of products and services. Thus, banks are embracing cutting-edge technologies to build strong relationships with their clients and also to control their expenses.

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TechNavio's analysts forecast the Global Retail Banking IT market to grow at a CAGR of 4.09 percent over the period 2013-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Retail Banking IT market for the period 2014-2018. The Global Retail Banking IT market is segmented into three: Hardware, Software, and Services. The report also covers the market segmentation based on technology.

TechNavio's report, the Global Retail Banking IT Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers in detail the key leading vendors in the market and a quick understanding of other prominent vendors operating in this market. It gives insight into the market forecast in key regions and identifies leading countries for the market.

Key Regions

- Africa
- APAC
- Central and Eastern Europe
- Middle East
- North America
- South and Central America
- Western Europe

Key Vendors

- Dell
- HP
- IBM
- Microsoft

Other Prominent Vendors

- Accenture
- Capgemini
- Cisco Systems
- Infosys
- FIS
- Fujitsu
- Intel
- Oracle
- Teradata
- Unisys

Market Driver

- Growing Need for Customer Satisfaction
- For a full, detailed list, view our report

Market Challenge

- Ability to Adopt New Technologies in Less Time
- For a full, detailed list, view our report

Market Trend

- Need to Integrate Multiple Channels
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Dell, HP, IBM, Microsoft, Accenture, Capgemini, Cisco Systems, Infosys, FIS, Fujitsu, Intel, Oracle, Teradata, Unisys

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