Middleton, Massachusetts, April 23, 2025 (GLOBE NEWSWIRE) — QKS Group, a premier market intelligence and advisory firm, has released its latest vertical-specific research highlighting the rising influence of Information and Communication Technology (ICT) in the Banking, Financial Services, and Insurance (BFSI) industry. The sector is projected to grow at a compound annual growth rate (CAGR) of 13.63% through 2030, driven by continuous investments in digital infrastructure, customer experience, security, and data intelligence.
The Next Growth Frontier for ICT Vendors in BFSI
The BFSI industry is during a profound digital transformation, embracing technologies that enable frictionless customer experiences, real-time risk intelligence, automated operations, and ecosystem-based service models. ICT domains – including Banking & Financial Services, Analytics and Artificial Intelligence, Application Development & Deployment, Information Security, Data Management, BPM & Process Automation, Integrated Risk Management, CX & MarTech, Communication & Collaboration, and Financial Crime & Compliance Management – are being widely adopted to support mobile banking, digital lending, personalized insurance, real-time payments, and regulatory compliance. These domains are becoming critical to delivering speed, trust, and intelligence across the financial value chain.
According to Divya Baranawal, Vice President & Principal Analyst at QKS Group, “BFSI enterprises are rapidly evolving into digital-native service ecosystems. ICT …