Insights on Third-Party Banking Software Market within the Application Software Sector | Growing Use of Digital Payment Solutions to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global third-party banking software market is expected to grow at a CAGR of over 8% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

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Many organizations are expanding their business in new geographies and acquiring new customers. The growth in the customer base has increased the number of online transactions, which has increased the demand for digital payment solutions. In addition, the rising number of customers seeking help with financial decisions and investments is contributing to the growth of the global third-party banking software market.

Third-Party Banking Software Market: COVID-19 Impact Analysis on Related Markets

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Third-Party Banking Software Market: COVID-19 Impact Analysis on Parent Market

The global application software market is the parent market of the third-party banking software market. Within its scope, the application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. Our report on the third-party banking software market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including FIS, Fiserv, Infosys, Oracle, and Temenos Headquarters.

Technavio’s research report on the third-party banking software market identifies

Global Software Testing Service Market to Reach USD 34.49 Billion by 2024, Accenture Plc and Atos SE Emerge as Key Contributors to Growth

Technavio has been monitoring the global software testing service market and it is poised to grow by USD 34.49 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005078/en/

Technavio has announced its latest market research report titled Global Software Testing Services Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants. The increasing adoption of mobile testing will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the

IBM advanced Project Debater effort with Key Point Analysis

IBM has developed a natural language processing advance via its Project Debater effort called Key Point Analysis that aims to use artificial intelligence to sum up crowd-sourced arguments.

The technology, led by IBM Research, is being showcased on Bloomberg TV’s “That’s Debatable” show. The show aired Friday and featured a debate on wealth distribution with US Secretary of Labor Robert Reich, former Greece finance minister Yanis Varoufakis, former US Treasury Secretary Larry Summers and Manhattan Institute’s Allison Schrager.

Noam Slonim, lead researcher for IBM’s Project Debater effort, said the goal of Key Point Analysis is to “enable AI systems to manage the human language.” “There’s a significant opportunity for using national language processing,” he said.

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In the debut episode of “That’s Debatable,” IBM used Key Point Analysis to distill points for a debate on wealth redistribution. About 3,500 arguments were submitted on whether it is time to redistribute wealth and IBM is collecting thoughts on future debates, IBM’s technology found that 56% of the arguments were for redistribution, but 44% were against. Of that 44% against redistribution, 15% cited the moral hazards of discouraging hard work. Without the AI distilling those arguments, it’s unlikely that point would have been surfaced in a debate.

The breakdown of submissions went like this:

  • 3508 submissions
  • 1600 usable arguments
  • 20 final key points
  • 2 coherent narratives for each side.

Slonim explained that IBM’s Key Point Analysis is designed to reveal key points, generate a bullet summary and create quantitative numbers to review and a narrative. “It puts short comments into a summary that can guide decisionmakers and establish a communication channel between decisionmakers and those impacted,” he said.

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IBM

IBM Watson Chief Architect Dakshi

Semiconductor Market to reach USD 90.80 billion by 2024, Broadcom Inc. and Infineon Technologies AG emerge as Key Contributors to growth

Technavio has been monitoring the semiconductor market and it is poised to grow by USD 90.80 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005033/en/

Technavio has announced its latest market research report titled Global Semiconductor Market 2020-2024 (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43410

This Report Addresses:

  • The market size from 2020-2024

  • Expected market growth until 2024

  • Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics

  • Segments and regions that will drive or lead market growth and why

  • Comprehensive mapping of the competitive landscape

  • In-depth analysis of key sustainability strategies adopted by market players

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Broadcom Inc., Infineon Technologies AG, Intel Corp., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., SK HYNIX Inc., and Texas Instruments Inc. are some of the major market participants.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Infineon Technologies AG, Intel Corp., Micron Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Samsung Electronics Co. Ltd., SK HYNIX Inc., and