(MENAFN – Nxtgen Reports) As the world continues to grapple with COVID-19, economies enter recession, under multiple unfavorable factors, the GDP of European and American countries in the second quarter suffered a historic contraction. On an annualized basis, US GDP fell 32.9% over one month, while overall euro area GDP fell 12.1%.

Moreover, the economic outlook for Europe and the United States in the third quarter in the context of the epidemic is hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. Today, the United States is still the “epicenter” of the global epidemic. The total number of confirmed cases has exceeded 4.8 million and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic recovery plan. Britain and Italy have also decided to extend the state of emergency. The rebound in the epidemic situation posed considerable risks to the economic outlook for Europe and the United States.
In the second quarter of this year, US GDP fell 9.5% month-on-month, or 32.9% year-on-year, the largest drop since the 1940s. Data shows that the sharp drop in consumption personal growth was the main drag on US GDP growth in the second quarter.
Compared to the United States, Europe’s economic contraction in the second quarter was smaller, but it was also the weakest on record, with Germany and France contracting by more than 10%. According to data released by the Federal Bureau of Statistics, Germany’s GDP fell 10.1% in the second quarter after adjusting for prices, seasons and working days, the biggest drop since quarterly economic data was released. available in 1970.
Thanks to the effective control and political support of the new epidemic, the Chinese economy rebounded strongly in the second quarter. The growth rate of the manufacturing industry, which represented around 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are increasing production. And there is an increase in investment in digital fingerprints in manufacturing. OEMs in other parts of the world offer incentives to boost sales. XYZResearch has published a report on the Global Banking Industry Big Data Analytics Market in this Environment.

In terms of revenue, this research report indicated that the global banking industry big data analytics market is valued at XXX million in 2020 and is expected to reach a value of XXX million by 2027, with a CAGR of XX % over the forecast period. 2021-2027. As a result, the forecast analysis of Big Data Analytics in Banking Industry includes China, United States, Japan, India, Korea and South America, with production data and revenue in each of the sub-segments.

IBM aims to produce XXK Big Data Analytics units in banking industry in 2020, with XX% production in the global market, Oracle accounts for XX% volume share.

Regional Segmentation (Value; Revenue, Million, 2026-2027) of Banking Market Big Data Analysis by XYZResearch
China
EU
United States
Japan
India
South East Asia
South America
Competitive analysis; Who are the main players in Big Data Analytics in the banking market?
IBM
Oracle
SAP SE
Microsoft
HP
Amazon AWS
Google
Hitachi Data Systems
Board
New Relic
Love
Teradata
VMware
Splicing machine
Splunk Enterprise and Alteryx
…
Major Type of Big Data Analysis in Banking Industry Covered in XYZResearch Report:
On the site
Cloud
Application Segments Covered By XYZResearch Market
Comment management
Customer analysis
Social media analysis
Fraud detection and management

For any other requirement, please do not hesitate to contact us and we will provide you with a personalized report.

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