BFSI IT Market in India to grow at a CAGR of 14.15% over the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- BFSI IT Market in India to grow at a CAGR of 14.15 percent over the period 2014-2019. IT can be defined as an integrated platform consisting of hardware, software, and services. Organizations have IT departments that are responsible for storing, safeguarding, processing, transmitting, and retrieving information. IT enables a smooth flow of information across an organization. IT departments manage all IT-related services, software, and solutions, and integrate and streamlet them with various processes to facilitate a smooth flow of organizational information. They also help organizations align their business processes with various technologies to improve overall efficiency.
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About the Report
According to the latest report, there is an increase in adoption of cloud computing and virtualization in the banking, financial services and insurance (BFSI) industry. Financial organizations have started cutting their capital investment and costs associated with maintenance, security and infrastructure by moving the bulk of their IT infrastructures to the cloud.
"Cloud computing allows developers to work independently and reduce testing times by accessing software from the cloud directly, even during the development stage,".
"Because the software testing team can work independently, these solutions tend to eliminate delays and override issues between product development and testing."
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Covered in this Report
This report covers the present scenario and the growth prospects of the BFSI IT market in India for the period 2015-2019. The BFSI IT market in India is categorized by three main segments: Hardware, Software, and IT Services.
BFSI IT Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and also includes the profiles of key vendors operating in this market.
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Furthermore, virtualization helps BFSI organizations develop an economical cost structure by reducing the need for physical hardware and lowering energy consumption, thus reducing overall infrastructural costs. It also facilitates centralized deployment and management of virtual desktop environments in order to enhance safety measures for desktop access and data sharing over standard network infrastructures.