The IT BFSI market size is forecast to reach $160 billion by 2027, growing at CAGR 11.5% from 2022 to 2027. The growth of IT BFSI market is mainly attributed to the growing adoption rate of various advanced payment methods other than traditional methods, automation of banking services, popularity of cloud technology in BFSI sector, and exponential growth in BFSI sector. Apart from that, due to increasing penetration rate of digital payment methods, the threat of cyber-attacks is growing, which in turn creates demand for cyber security-based IT BFSI solution. Additionally, digitalization of BFSI sector also provides insensitive to the major market players, to create more advanced IT BFSI solutions including enterprise resource planning, human capital management, customer relationship management and others; that aids this sector in managing its system. However, the incorporation of artificial intelligence and business intelligence in these solutions also plays a major role in fueling the growth of IT BFSI Industry. Hence, the above-mentioned factors are triggering the growth of IT BFSI market during the forecast period 2022-2027.