Global IT Spending by Investment Banks - Market Research 2015-2019
Covering: The market size and forecast of the global IT spending by investment banks until 2019. The report includes an in-depth analysis of the emerging trends impacting the leading regions of the market such as the Americas, APAC, and EMEA along with their market shares. The leading vendors analyzed in this market research report include Accenture, Cognizant, Infosys, and TCS.Research scope and outlook of IT spending by investment banksThe global IT spending in investment banking is primarily driven by changing worldwide regulation compliances. This research report predicts that the market will account for USD 85 billion in terms of revenue over the next four years.To calculate the overall market spend on IT by investment banks, this report considers revenues generated from the sale of servers and storage, and networking equipment under the hardware segment. Under the software segment, application software and infrastructure software are taken into account while process management, hardware and software support are covered in the IT services segment.Global IT services spending in investment banking sector
Technavio Announces the Publication of its Research Report – Global IT Spending by Investment Banks 2015-2019
Technavio recognizes the following companies as the key players in the Global IT Spending by Investment Banks: Accenture, Cognizant, Infosys and TCS
Other Prominent Vendors in the market are: Aegis, BCS Financial Group, Capco, Capgemini, Datatec, Dion, EMC, Genpact, idhasoft, informatica, KKR, Netapp, Oracle, Polaris, SAP, Symantec, TCS, TIBCO Software, T-Systems, Verizon, and Wipro.
Commenting on the report, an analyst from Technavio’s team said: “Regulatory and market forces are driving investment banks to transform their capital market businesses to reduce complexity and operational costs. Some banks are not unable to accomplish this transformation effectively as high expense and unsatisfactory returns will force them to exit certain products. With unsatisfactory returns observed by clients, banks will allocate their funds on e-trading platforms to control their collateral and other products.”
According to the report, growing incidences of cyberattacks and security threats have compelled many investment firms, including brokerage houses, to spend a significant amount of time and money toward IT risk management systems to optimize and mitigate risks. As the financial market has become more open and deregulated, risks faced by investment banks across geographies, asset classes, customer segments, functional departments, and products are major concerns in the market.
Further, the report states that the investment banking sector is facing challenges in terms of high capitalization rates, stringent regulations, and increase in structured and unstructured data. Therefore, it is imperative to deploy technology that delivers timely and authenticated data without increasing associated costs.
Accenture, Cognizant, Infosys, TCS, Aegis, BCS Financial Group, Capco, Capgemini, Datatec, Dion, EMC, Genpact, idhasoft, informatica, KKR, Netapp, Oracle, Polaris, SAP, Symantec, TCS, TIBCO Software, T-Systems, Verizon, Wipro.
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