Big Data Analytics in Banking Market : Evolving Industry Trends and Forecast to 2025


Researchmoz added Most up-to-date research on "Big Data Analytics in Banking Market : Evolving Industry Trends and Forecast to 2025" to its huge collection of research reports.

Big data analytics refers to the strategy of analyzing large volumes of data, or big data.
APAC is expected to have High Adoption Rate Owing to Large Potential. Rapid technological developments in the information technology sector and increasing business operations mark Asia-Pacific (APAC) as the most important market for Big Data in banking during the forecast period. The biggest contributors to this market are China and India that account for most of the revenue in the APAC region. Many organizations in the APAC region are increasingly depending on digital systems to realize their goals. Several vendors, such as SAP and IBM provide wide -range of Big Data analytics services to banks in the region. Some of the core capabilities of these services include real-time monitoring, big cloud services, and other customized dashboards for easier retrieval of data, to ease the workflows. These tools enable organizations for on-the-resource planning and offer modified plans to aid decision-making.


Customer Analytics is expected to be One of the Prime Software Application. A number of categories, such as defecting customers, loyal customers etc. can be identified through big data analytics and the required reward for each category can be decided. Through such applications, the retention of customers is possible, and the detection of disloyal customers helps the company to reduce the focus on such customers. The buying habits of customers can also be identified, and the sales for each customer can be customized. This customization results in the high response rate for customers and better customer experienced.

In 2018, the global Big Data Analytics in Banking market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.


This report focuses on the global Big Data Analytics in Banking status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Big Data Analytics in Banking development in United States, Europe and China.

The key players covered in this study
IBM
Oracle
SAP SE
Microsoft
HP
Amazon AWS
Google
Hitachi Data Systems
Tableau
New Relic
Alation
Teradata
VMware
Splice Machine
Splunk Enterprise
Alteryx

Market segment by Type, the product can be split into
On-Premise
Cloud

Market segment by Application, split into
Feedback Management
Customer Analytics
Social Media Analytics
Fraud Detection and Management
Others

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Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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