|Worldwide IT Spending 2010–2015: Worldwide Banking IT Spending Guide, 1H12 Update
||Price: US $40,000
Jeanne Capachin, Chin-Boon Lim, Michael Versace
July, 2012 - Doc # FIN235724
Number of Pages: 10
Number of Figures: 1
This IDC Financial Insights Pivot Table provides an updated spending forecast for worldwide bank IT spending for 2010–2015. Overall worldwide IT spending is growing, with a 5.2% compound annual growth rate (CAGR) over the forecast period — however, each region is facing very different conditions. Macroeconomic factors 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 2010–2015: Worldwide Banking IT Spending Guide, 2H11 Update (IDC Financial Insights #FIN230758, October 2011). External IT forecasts in this spending guide are adjusted as follows from the previous edition:
- Asia/Pacific. IT spending forecasts are essentially unchanged from the previous forecast for the Asia/Pacific region. Over the forecast period, spending will increase with a CAGR of 7.9%
- Europe.Because of growing concerns about the future of the eurozone, forecasts for Europe have declined slightly. The CAGR for the forecast period is 3.6%, compared with 4% in the previous forecast.
- North America. Forecasts for North America are a full percentage point higher than in the previous forecast. The CAGR for the forecast period is now at 3.7%, as U.S. banks emerge from the financial crisis and Canadian banks continue their strategic investments.
- 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. In this region, IT spend will increase 10% in the forecast period.
In This Pivot Table
IDC Financial Insights: Worldwide Banking IT Spending Guide
Disk-based data protection,
Mobile security and vulnerability management,
Software as a service
Financial Risk Management