DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vsx365/global_risk_it) has announced the addition of the "Global Risk IT and Services Market in the BFSI Sector 2014-2018" report to their offering.
The Global Risk IT and Services Market in BFSI Sector to grow at a CAGR of 6.33% over the period 2013-2018
Considering the economic challenges prevailing worldwide, it has become mandatory to implement risk IT and service solutions in business operations. Risk IT and service solutions help in mitigating various risks involved in the BFSI sector such as credit risks, operational risks, market risks, and ALM and liquidity risks. In addition, the pure IT risks involved in the BFSI sector are of three types, data driven, business driven, and event-driven which have their own impacts on business operations. Risk IT and services solutions drives the productivity of the business with optimal costs.
The Global Risk IT and Services market in BFSI Sector expenditure is predominantly categorized into different risks involved in the BFSI sector such as Credit risks, Operational risks, Market risks, ALM and Liquidity risks, Financial crime risks management, Risk governance and management. The report also covers the segmentation based on pure IT-based risks: Data driven, Business driven, and Event driven.
The adoption of social media is one of the key trends emerging in the market. Social media is turning out to be a major platform from which to gather data but along with this, regulatory compliances are also increasing. Hence, companies are looking for solutions that can help them meet compliance issues at the optimal price.
According to the report, the increasing number of rules and regulations and the ever-tightening global business regulatory environment are forcing enterprises to turn to technology-based solutions to reduce risks and improve the way they operate. The tightening regulatory environment has resulted in the increased demand for risk IT and services market.
Further, the report states that security concerns are a major challenge for BFSI companies. Financial data is crucial for each and every company. The adoption of various technologies such as social media and cloud technology are making these companies vulnerable to cyber-attacks.
- Deloitte Touche Tohmatsu
- Ernst and Young Global
Other Prominent Vendors
- Paladion Networks
- Reboot Twice
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- IT Spending in BFSI
- Risk IT and Services Market in BFSI sector
- Risks IT and Services Spending by Sources
- Risk IT and Services Spending by Tiers
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/vsx365/global_risk_it