New IDC Financial Insights Research Presents Groundbreaking Worldwide Banking Solutions Market Share Data
FRAMINGHAM, MA – March 02, 2011 – IDC Financial Insights today announced the availability of a new data product, IDC Financial Insights' Worldwide Banking Solutions Market Share Guide, Methodology, and Taxonomy, 2009, Version 1 (Document #FIN226950). For the first time, financial institutions and technology vendors will have a consistently defined, regularly updated resource for ranking the top vendors in five key technology markets. Designed to complement IDC Financial Insights' MarketScape vendor assessment tools, the Worldwide Banking Solutions Market Share Guide will assist banking line-of-business and IT executives looking for a reliable "short list" of key vendors providing critical IT solutions in the financial marketplace. It will also aid vendors seeking to determine their market share and identify top competitors and potential acquisition and partnership opportunities.
The Worldwide Banking Solutions Market Share Guide, Version 1 focuses on revenue, displaying the top ten vendors by overall solutions revenue in each market. For 2009, IDC Financial Insights determined that Thomson Reuters, Fiserv, and M-Com in partnership with Fiserv hold the largest market share in each of their respective information technology categories.
— Asset and Wealth Management Solutions: Thomson Reuters
— Core Banking Solutions: Fiserv
— Enterprise Risk Management Solutions: Thomson Reuters
— Mobile Banking and Payments Solutions: M-Com/Fiserv
— Payments Fraud Management Solutions: Fiserv
The information technology categories included were selected because they are high-growth markets experiencing high levels of investment. In addition, these markets are not currently dominated by particular market leaders. In fact, in none of the five categories does the vendor with the largest market share claim more than 17%. Therefore, these markets present 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 banking, broker dealers, credit unions, specialty finance, thrifts/savings and loans, and wealth advisors, as applicable. Technology segmentation includes hardware, software, and services.
IDC Financial Insights' Worldwide Banking Solutions Market Share Guide, a deliverable of IDC Financial Insights' Banking Solutions Market Share Guide research advisory service, is designed to complement the company's MarketScape vendor assessment tools, which provide in-depth quantitative and qualitative analysis of the vendors in a technology market. A vendor assessment report is currently available for the Payments Fraud Management Solutions market (Vendor Assessment: Industry Short List for Payments Fraud Management Software — The Move to Enterprise Fraud Management (Document #FIN221307, December 2009), and a MarketScape report on Mobile Banking and Payments is scheduled to be released by April 2011.
For additional information about this data product, or to arrange a one-on-one briefing with an IDC Financial Insights analyst, please contact Sarah Murray at 781-794-3214 or firstname.lastname@example.org. Taxonomy guides are available to qualified members of the media. For information on purchasing reports, contact email@example.com; reporters should email firstname.lastname@example.org.
About IDC Financial Insights
IDC Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Its global research covers topics of strategic importance to corporate and retail banks, insurance carriers, and asset management, securities, and brokerage firms. In addition to the United States, local practices in Asia/Pacific, Canada, Europe, and Latin America add in-depth regional viewpoints. IDC Financial Insights is headquartered in Framingham, Massachusetts, USA. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-fi.com [http://www.idc-fi.com], email email@example.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial [http://idc-insights-community.com/financial].