Omdia’s financial services technology spending forecasts market size and project ICT spending trends by line of business.

Omdia’s financial services technology spending forecasts market size and project ICT spending trends by line of business.

Source segmentation forecasts size and project spending trends by technology type, covering expenditure on applications, infrastructure, IT services, consulting, and communications, as well as spending on institution’s own internal ICT workforce. Line of business covered include (links to latest update):

 

Business function and location forecasts size and project technology spending allocated back to the business areas the technology spend is supporting. Functions will vary by line of business, but include digital banking in retail banking, policy administration in insurance, and a breakdown of spending across the front, middle, and back office in corporate banking and financial markets. Lines of business covered include:

 

Forecasts are typically updated annually during the first and second calendar quarters.

  Q1 Updates   Q2 Updates
  Corporate banking   Insurance
  Financial markets   Payments
  Retail banking   Wealth management