Bank IT Spending and Trends: 2014 Forecasts & Predictions

The new year brings lots of questions, planning and decision making. IT spending is tied directly to these elements, and as in past years, we have been receiving a truckload of IT spending questions. Celent predicts that 2014 will build on the positive investment momentum and growth experienced in 2013. IT spending growth rates will of course vary by region (4.5% growth in North America, 5.8% in Asia Pacific, and a flat 2.9% in Europe). There is a lot more detail available in the reports and an explanation as to why the European figures have started to rebound. Here is a quick snippet from, IT Spending in Banking: A Global Perspective (published earlier this week):
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$188.0 billion in 2014, an increase of approximately 4.4% over 2013. This upward trend is an encouraging sign and indicative of the emphasis being placed on technology investments.
We have published a series reports that are relevant to all organizations: Several more trends reports are forthcoming so stay tuned and happy reading!

Bank IT Spending and Trends: What Does 2013 Look Like?

The new year brings lots of questions, planning and decision making. IT spending is tied directly to these elements, and as in past years, we have been receiving a truckload of IT spending questions. After a rocky few years folks are curious as to if the figures are on the uptick in 2013. The short answer is yes, but growth rates vary by region (4.0% growth in North America, 5.9% in Asia Pacific, and a flat 0.4% in Europe. The long answer, well, you will have to read the reports! Here is a quick snippet from, IT Spending in Banking: A Global Perspective (published earlier this week):
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$179.2 billion in 2013, an increase of approximately 3.4% over 2012. This slight upward shift is an encouraging indicator of future growth; however, regional nuances cannot be ignored.
We have published a series of six reports this month that are relevant to all organizations: Happy reading!

Bank IT Spending and Trends: What Does 2012 Look Like?

The new year brings lots of questions, planning and decision making. IT spending is tied directly to these elements, and as in past years, we have been receiving a truckload of IT spending questions. After a rocky few years folks are curious as to if the figures are on the uptick in 2012. The short answer is yes, but growth rates are down in all regions, and some regions are doing better than others. The long answer, well, you will have to read the reports! Here is a quick snippet from, IT Spending in Banking: A Global Perspective (published yesterday):
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$173.3 billion in 2012. This spending level is approximately 2.8% higher than 2011. This is a discouraging but not surprising indicator that IT spending growth is slightly on the decline. The good news is that a slight turnaround is in sight.
We have published a series of four reports this month that are relevant to all organizations: – IT Spending in Banking: A Global PerspectiveIT Spending in Banking: A North American PerspectiveTop Trends in Banking 2012Top Trends in Payments: A Year In Review Happy reading!

Bank IT Spending and Trends: What Does 2011 Look Like?

The new year brings lots of questions, planning and decision making. IT spending is tied directly to these elements, and as in past years, we have been receiving a truckload of IT spending questions. After a rough couple of years folks are curious as to if the figures are on the uptick in 2011. The short answer is yes. The long answer, well, you will have to read the reports! Here is a quick snippet from, IT Spending in Financial Services: A Global Perspective (published earlier today):
Global information technology spending by financial services institutions is expected to reach US$363.8 billion in 2011, an increase of 3.7% over 2010. This figure is substantially higher than the lackluster 2.5% growth increase experienced in 2010. Growth rates are starting to climb across most regions and IT products and services should grow to US$393 billion by 2013, a 3.9% CAGR from 2011 to 2013.
We have published a series of 5 reports this month that are relevant to all organizations: – IT Spending in Financial Services: A Global Perspective – IT Spending in Banking: A North American PerspectiveTop Trends in Corporate Banking: Asia, Europe, and North AmericaTop Trends in Retail Banking: Asia, Europe, and North AmericaTop Trends in Payments 2011: A Year In Review Happy reading!

Santa or Scrooge? 2011 Bank IT Spending

It’s that time of the year again! I don’t mean the holidays unfortunately. I’d like to say that my mind has been busy with holiday planning but I have been otherwise occupied with bank IT spending. I’ve spent the last little while working on our global IT spending reports for 2011 along with my colleagues across the globe. I’ve also been busy preparing our 2011 North America bank IT spending report. The question everyone is asking – will 2011 mark the start of a turnaround? I would love to give you the answer now but you will have to sit tight until January as that’s when both these reports (along with our top trends for 2011 reports) will be released. I will provide a holiday teaser though – preliminary results for North American banking are pretty encouraging. Stay tuned and happy holidays!

Bank IT Spending: What Does 2010 Look Like?

Celent has been receiving a truckload of IT spending questions. This is no surprise, and we usually receive these inquiries at this time of year. Things are a little bit different though this year as after a rough 2009, folks are curious as to if the figures are on the uptick in 2010. I wrote up an article for Bank Systems & Technology in late December that provided a preview. The good news is that our annual IT Spending report series has been released and all the juicy details can be found inside. The short answer is yes, bank IT spending is on the uptick. North America is a perfect example. Although there was a decline in North American IT spending growth (from 3.1% in 2008 to a mere 1.7% in 2009), it is now on the uptick. IT spending growth is expected to be 2.2% in 2010. North American bank IT spending will grow from US$50.3 billion in 2009 to US$51.4 billion in 2010. It will continue to grow over the next few years to reach US$55.2 billion in 2012. Although 2010 has the potential to be the start of a turnaround, let’s not forget that there is still plenty of uncertainty in the industry and we are not completely out of the woods. I encourage you to read the following new reports and I welcome your questions and comments.

IT spending and top banking trends for 2010

Earlier this afternoon I hosted a very well attended webinar on IT spending. The webinar went over the data and trends that I published in the January 2009 report, IT Spending in Banking: A North American Perspective. We just kicked off the next round of research in preparation for the 2010 IT spending report and I am pretty excited. It will certainly be interesting to see how the figures have changed and to build out forecasts for the next few years. The banking team is also working on an updated set of top banking trends to be included in the report. This is a very strategic topic, and an extremely popular Celent report. In addition to the North American report, we will be updating our flagship IT spending report, IT Spending in Financial Services: A Global Perspective. The most recent version of the global report can be found here. Both reports will be published to Celent.com in January, so stay tuned!