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Application outsourcing is the process of arranging a wide variety of application services, including new application development and maintenance and management of packaged applications from an external provider. TechNavio's analysts forecast the Global Circuit Breaker market to grow at a CAGR of 4.61 percent over the period 2014-2018.
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Global Application Outsourcing Market in Banking Sector 2014-2018
TechNavio Insights
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Market Overview: Application Outsourcing Market in Banking Sector
About Application Outsourcing Market in Banking Sector
• Application outsourcing is the process of arranging a wide variety of application services, including new application development and maintenance and management of packaged applications from an external provider.
• Application outsourcing helps in lowering the total cost of ownership and expanding geographical reach while leveraging technology.
• It comes into play when increasingly complex banking systems and rapid adoption of changing technology make it difficult and exorbitant to manage and maintain the applications that support business needs.
• A circuit breaker detects overloading and automatically switches off power supply. • Circuit breakers are preferred over fuses as fuses have to be replaced after each operation while a circuit breaker has
to be just reset after each operation.• TechNavio's analysts forecast the Global Circuit Breaker market to grow at a CAGR of 4.61 percent over the period
2014-2018.
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Covered in This Report
• The Global Application Outsourcing market in the Banking sector can be segmented into three divisions: Application Development and Maintenance, Independent Software Testing, and Other Services.
• This report covers information about the market share of the Global Application Outsourcing market in the Banking sector by application.
• TechNavio's report, the Global Application Outsourcing Market in the Banking Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts.
• The report covers the Americas and the EMEA and APAC regions; it also covers the Global Application Outsourcing market landscape in the Banking sector and its growth prospects in the coming years.
• The report also includes a discussion of the key vendors operating in this market.
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Key Regions
Americas
APAC
EMEA
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Key Vendors
Key Vendors
• Accenture• CSC• HP• IBM
Other Prominent Vendors• Capgemini• CGI Group• Cognizant• Dell• EPAM Systems• HCL Technologies• Hexaware Technologies• iGATE• Infosys• ITC Infotech• L&T Infotech
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Market Drivers, Challenges and Trends
Guest Bloggers
A detailed analysis of each market driver, challenge and trend is available in
our report:
Global Application Outsourcing Market in Banking Sector 2014-2018
Driver
• Increased Need for Application Modernization.• For a full, detailed list, view our report.
Challenge• Poor Understanding of the Contract and Post-
contract Processes.• For a full, detailed list, view our report.
Trend
• Increased Usage of Technology in Retail Banking.• For a full, detailed list, view our report.
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Key Questions
Questions Answered in Our 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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View Our Report
Global Application Outsourcing Market in Banking Sector 2014-2018
View Report >>
TechNavio's report, Global Application Outsourcing Market in Banking Sector 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts.
Published on: August 27, 2014 | 85 Pages | SKU: IRTNTR3961 |
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