China Banking Industry IT Solutions Market 2010-2014 Forecast and Analysis

This IDC study analyzes in detail the China banking industry IT solutions market's competitive landscape in 2009. It also presents forecasts for specific banking industry IT solutions segments. It also provides forecasts for the banking industry IT solutions market over the next five years as well as profiles the top solution providers in each segment. A review of IT spending by solution type and geographical location as well as future outlook on the solutions markets are also provided.

"In 2009, the total China banking industry IT solution spending reached RMB 7.1 billion, increasing by 17.6% from 2008. This market will expand at a compound annual growth rate (CAGR) of 19.3% from 2010 to 2014, allowing the total spending to reach RMB 17.3 billion by 2014. In the next five years, risk management, financial auditing and control, business intelligence (BI)/decision-making support management, and Internet banking solutions will grow the fastest among the types of IT solutions in the banking industry," says Serena Shang, analyst, Vertical Industry Research, IDC China.