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Digital Transformation in BFSI is a set of methodologies, tools and processes used for automating and digitizing activities in banking and fintech companies. The global digital transformation in BFSI industry generated $68.21 billion in 2022 and is anticipated to generate $310.67 billion by 2032, witnessing a CAGR of 16.6%. The key factors that impact on the growth of the market include the surge in need to improve the customer experience and increase in customizing of IT solutions for specific banking needs. The big data and business analytics segment held the highest market share in 2022.
