The FINANCIAL — IDC Financial Insights today announced the updated release of its data product, IDC Financial Insights' Worldwide Banking Solutions Market Share Guide, Methodology, and Taxonomy, 2010, Version 2.
Unlike anything else in the market, this Market Share Guide provides financial institutions and technology vendors with a ranking of the top vendors in five key technology markets including asset & wealth management, core banking, enterprise risk management, mobile banking & payments, and payments fraud management.
Designed to complement IDC Financial Insights' IDC MarketScape vendor assessment tools, the Worldwide Banking Solutions Market Share Guide provides banking line-of-business and IT executives with a reliable "short list" of key vendors providing critical IT solutions in the financial marketplace. It also aids vendors seeking to determine their market share and identify top competitors and potential acquisition and partnership opportunities.
The Worldwide Banking Solutions Market Share Guide displays the top vendors by overall solutions revenue in each market. In this latest update, IDC Financial Insights identified the following vendors to hold the largest market share in each of their respective IT categories.
Asset and Wealth Management Solutions: Thomson Reuters
Core Banking Solutions: Fidelity Information Services (FIS)
Enterprise Risk Management Solutions: Thomson Reuters
Mobile Banking and Payments Solutions: Intuit
Payments Fraud Management Solutions: Fiserv
The IT categories included in the Worldwide Banking Solutions Market Share Guide were selected because they are high-growth markets experiencing high levels of investment. In addition, numerous vendors are participating in these markets without clear market share domination, presenting technology vendors with enormous opportunities to grow market share, particularly in terms of partnering with or acquiring other vendors. Lastly, these technology categories were selected because – prior to IDC Financial Insights' compilation of this estimated revenue data – there has been a significant lack of industry research data available.
The revenue data is provided in a Microsoft Excel pivot table that allows the user to reorganize the views of the data to obtain customized perspectives, including segmentation at the region, institution type, and technology category levels. The regional segmentation provided includes Asia/Pacific, EMEA, North America, and Rest of World. The institution type is segmented by banks, broker dealers, credit unions, specialty finance, thrifts/savings and loans, and wealth advisors, as applicable. Technology segmentation includes hardware, software, and services.
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