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IT Spending in Automobile Financing in the New MillenniumPublished by: TowerGroup Published: Mar. 1, 2000 - 13 Pages Table of ContentsHighlights Introduction Background Global IT Spending Estimates on Automobile Lending IT Spending on Automobile Lending in the United States IT Spending on Key Phases of the Automobile Lending Pipeline Conclusion AbstractGlobally, about US$1.7 billion will be spent on all information technology related to automobile finance in 2000. At least 40%, or $700 million of total IT expenditures, will be spent in North America. This TowerGroup Research Note provides estimates of spending on information technology used in the key stages of automobile finance in North America. This includes estimates of external IT spending for third-party solutions. We provide a breakdown of estimated spending on software, hardware, and related services wherever possible. The emphasis is on IT expenditures in North America, although global comparisons of IT expenditure by region are provided where appropriate. This Note is a follow-up to two companion TowerGroup Notes: 022:11CB, "An Overview of Automobile Finance at the Dawn of the New Millennium," and 022:27CB, "Key Metrics Affecting IT Spending on Automobile Finance."Get Full Details About This Report >> |
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