Author: Jeanne Capachin

Pivot Table
October, 2011  -  Doc # FIN230758
Number of Pages: 9
Number of Figures: 1

This IDC Financial Insights Pivot Table provides an updated forecast for worldwide banking IT spending for 2010–2015. Overall worldwide IT spending will return to growth, with a 4.27% compound annual growth rate (CAGR) over the forecast period. Macroeconomic conditions and their impact on the banking industry have been somewhat worse than we had assumed in the spring forecasts. Across all regions and solution areas, internal IT forecasts remain unchanged from the previous version of the guide, Worldwide IT Spending 2009–2014: Worldwide Banking Spending Guide (IDC Financial Insights #FIN228011, April 2011). External IT forecasts in this spending guide are adjusted as follows from the previous edition:

• Asia/Pacific— 2011 IT spending has been reduced by 3%, reflecting the negative impact of the tsunami in Japan on the region and continued weak demand from Western economies for Asian-produced goods and services. Despite this more pessimistic turn, the region still has a positive overall outlook, with an 8% CAGR for the forecast period.
• Europe — Forecasts for Europe remain basically the same as in the previous version of this guide for 2011, but growth during the forecast period is somewhat dampened because of continuing eurozone concerns. The CAGR for the forecast period is 4%.
• North America — North American banks have tightened their expenses, bringing our forecast for 2011 spend down somewhat. Similar to our forecast for Europe, our forecast for North America is less optimistic than in the previous version of this guide, with a 2.7% CAGR for the forecast period as belt tightening and industry consolidation continue.
• The rest of the world — This region includes bright spots such as Latin America and the Middle East, where initial investments in banking infrastructure continue to be very strong. 2011 IT spend has been adjusted upward as growth in these regions continues and as healthy banks from outside the region pump up investments to reach new, growing markets.

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