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Retail Banking Technology Spending Through 2015: Source Segmentation
Ovum, Jan 2011
Introduction
The retail banking sector remains in a state of volatility as concerns over sovereign debt and the impact of government spending cuts create uncertainty in the markets. This interactive model provides a granular view of how technology spending across sources is responding in reaction to changing business strategies, updating Ovum's market forecast model from June 2010
Features and benefits
- Highly interactive model with ability to view data sets and trends charts across geography and sources.
- New model functionality to customize data points included within charts to facilitate chart and data extraction.
Highlights
- The total retail banking technology market is set for significant growth during the next five years. Outsourcing services are expected to illustrate the highest growth during the coming years.
- Emerging economies in Asia-Pacific as well as Africa are expected to be the highest growing sub-regions during the next period of time.
- Developed regions will grow at much slower rate than emerging economies. However, North America, Western Europe and newly industrialized and developed economies in Asia and Pacific will remain the major markets for wealth management technology spending and will account for about 79% of the total market size in 2015.
Your key questions answered
- Which countries and markets will see the strongest IT spend growth in the short and medium term?
- Where are my peers allocating spend across business functions?
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