Financial Services is an indicator about the Socio-Economic health of the country. With the growing effect of globalization, providers face an uphill task to provide the end users with applications that are compliant, risk free and data driven. Organizations need to transform themselves from traditional product based firms to “Customer In” firms. Global Financial Services Application Market solutions enable the organization to use the financial data with the help of software to plan, optimize operations and discover new opportunities.

The driving forces in evolution is globalization, global market liberalization, technical up gradation and market innovation. Development and deployment of financial services market simplifies the operating procedure for diverse portfolio and aims at establishing a uniform infrastructure for analysis of voluminous quantified data. The extensive analysis of financial data coupled with data warehousing can help financial institution in framing their strategic policies for sustaining long term growth.

This study is done to understand the structure of the global financial services application market and is intended to help the providers, banks and financial institutions to better serve its clients, government and enterprises. The overall global market size in this study has been defined by considering the revenues generated by the vendors which offer software, and services. Various software applications which have been considered while deriving the Market size are Audit, Risk & Compliance Management, BI & Analytics Applications, Business Transaction Processing, Customer Experience, and Enterprise IT. Additionally, various deployment types which have been considered while deriving the Market size include on-premises and hosted type. Additionally, the various services which have been considered while deriving the global market size include consulting services, integration services, training and support services, and operation and maintenance services. The overall global market has been further segmented into user types which include SMBs and enterprises.

The global financial services application market is segmented on the basis of five regions: North America, Europe, APAC, MEA, and Latin America. The global Market is provided for each region from 2014 to 2019. The global Market is expected to grow from $66.92 billion in 2014 to $103.66 billion to 2019, at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period 2014-2019.