Acer, which counts Canara Bank, State Bank of India, ICICI Bank and others as its clients, is seeing increase in demand for IT products as bank branches invest heavily on synchronisation and automation of operations.
"Banking, financial services and insurance has been the fastest growing market for us with an expected growth rate of 25 per cent this year. In CY 2013, BFSI segment grew at 20 per cent," Acer India Chief Marketing Officer S Rajendran told PTI.
BFSI contributes 15 per cent of Acer's total revenue.
Though the company does not provide break-up of country-wise revenues, analysts pegged Acer's India revenues to be about Rs 3,600 crore.
Also Read
Acer is an ideal partner to help banks as they look at total branch automation, expansion and banking services, he added.
Acer, which provides desktops, servers, notebooks and now tablets as well to banks, partners with system integrators like Infosys, TCS, CMS and CMC to deliver these projects.
"Typically the BFSI projects are region-specific, wherein we have won a large percentage of the entire order. The order value of each of these projects is in the range of Rs 1-1.5 crore to Rs 40 crore," he added.