Market Share of Financial Services Application Industry
The financial services application market is moderately competitive, owing to the presence of a large number of market players operating both in domestic as well as international markets. The market appears to be mildly concentrated, with the key strategies adopted by major players being product and service innovation, mergers, and acquisitions. Some of the major players in the market are Accenture Plc, Corporation, and Oracle Corporation, among others.
- January 2024 - Worldline, a worldwide provider of payment services, and Google entered into a strategic partnership to leverage advanced cloud-based technologies from Google Cloud to enhance Worldline's digital transformation further. As a crucial part of the partnership, Google would work with Worldline to augment seamless online payments for Google's customers in Europe. In addition, both companies would jointly address various go-to-market opportunities and deliver new and enhanced digital customer experiences for merchants as well as financial institutions.
- January 2024 - Vodafone and Microsoft Corporation entered into a 10-year strategic partnership that mainly leverages their respective strengths in providing scaled digital platforms to over 300 million businesses, public sector organisations, as well as consumers throughout Africa and Europe. Through the partnership, the companies would mainly collaborate to transform Vodafone's customer experience utilizing Microsoft's generative AI, hyperscale Vodafone's managed IoT connectivity platform, build new digital and financial services for businesses, and overhaul its global data centre cloud strategy.
Financial Services Applications Market Leaders
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Accenture Plc
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FIS Corporation
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Fiserv, Inc.
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IBM Corporation
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Infosys Limited
*Disclaimer: Major Players sorted in no particular order
