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ICT Market in Financial Sector, Global ICT Industry Market Size - Ken Research

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ICT investment trends in financial markets presents the findings from a survey of 136 financial market institutions regarding their Information & Communications Technology (ICT) investment trends. – PowerPoint PPT presentation

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Title: ICT Market in Financial Sector, Global ICT Industry Market Size - Ken Research


1
Increase in ICT investment in Financial market to
provide lucrative momentum for tech vendors Ken
Research
2
  • Ken research announced its recent
    publication on ICT investment trends in
    financial markets. The report provides a
    comprehensive on the ICT investment in financial
    markets. It gives an in depth analysis on the
    expected change in ICT budget in the upcoming
    years, allocation across core elements of budget
    and distribution of ICT investment in areas such
    as cloud computing, business intelligence, and
    network services. The report further delineates
    about the distribution of financial market
    institutions IT budget, factors influencing them
    and their investment priorities. It also gives a
    better understanding of financial market
    institutions' preferred buying approaches and
    their Business and IT objectives that they want
    to achieve through their IT investment strategies

3
  • ICT investment is the acquisition of
    equipment and computer software that is used in
    production for more than one year. ICT has three
    components information technology equipment
    (computers and related hardware), communications
    equipment and software. Recent ICT trends, such
    as enterprise mobility, cloud computing, and
    business analytics has influenced ICT investment
    because these improvements and investment in the
    technology has optimized the cost structure,
    supported revenue growth, and streamlined
    operations within the enterprises. A company's IT
    budget is affected by multiple variables, such as
    the state of the economy, the type of industry
    sector in which it operates and the financial
    health of the company. ICT spending amongst
    large enterprises is expected to see an increase
    due to the steady recovery of the international
    economy and improving investment environment

4
  • The ICT spending is expected to remain
    stagnant in 2017. The ICT investors allocate
    their budget across the core areas of healthcare
    i.e. hardware, software, IT services,
    communications and consulting. In hardware spend,
    major expense is on desktop, laptops and server
    that incur almost equal cost. The rest of the
    expense is on Networking, external storage,
    tablet/ mobile, security applications and
    printers. The software budget allocation is
    divided between investment on virtualization,
    productivity and OS. In the upcoming year, the
    investment on the cloud and hosting service is
    projected to see an upward movement, especially
    for the email hosting. The spending on the online
    backup and recovery is expected to remain flat
    and expenditure on the web hosting may drop
    slightly. Due to the economic slowdown in China,
    the UK exit from the European Union and Trumps
    coming to power, the world is in state of
    political and economic instability. Thus, this
    is likely to impact the ICT investment framework
    a many say that this uncertainty has compelled
    them to reconsider their companies decision to
    purchase tech products and services. The IT
    buyers are less likely to invest in the products
    from the countries like Brazil, India and China.
    Also, the products from EU and UK are also under
    the scrutiny.

5
  • The major concern of the investors is
    regarding the storage of data. Some of IT pros
    are worried about the difference in the privacy
    regulation between countries and how it will
    affect how and where the data is stored .
    Financial Services are one of the pillars to the
    functioning of our economy. However, due to
    shifting business paradigms of the newly
    digitally these industries are most susceptible
    to disruption. Coupled with this problem, the
    growing demand for ICT governance and new
    regulatory requirement, it is driving the
    industry to invest more in ICT. Financial
    institutions are also using ICT to design
    products and services that will improve their
    labour productivity and are efficient for their
    consumers. Further, the financial markets are
    moving towards a centralized and highly
    digitalized banking system .Thus, these financial
    institutions are increasingly turning towards
    relatively new ICT technology like cloud
    computing to keep up with the demand of the
    internationally connected marketplace. The global
    IT spending was expected to reach 500 billion
    dollar by 2016.

6
  • Another important factor that has
    contributed to the increased investment in ICT by
    the financial institutions is the impact of
    financial recession of 2008. As the economy is
    slowly picking up its pace, the lenders have
    began to realize the importance of due diligence
    in decision-making and hence have began to
    utilize ICT resources to mitigate and manage the
    risk.
  • Companies Covered
  • IBM, Microsoft, Amazon web services, Google,
    Cisco, Oracle, Informatica, EMC.
  • Key Factors Considered in the Report
  • Global ICT Industry
  • Global ICT market Outlook
  • Global Cloud Computing Trends
  • Mobile Phone subscribers Worldwide
  • ICT Market in Financial Sector
  • IT Investment trends

7
  • For more coverage click on the link below
  • https//www.kenresearch.com/banking-financial-serv
    ices-and-insurance/financial-services/ict-investme
    nt-trends-financial-markets/78614-93.html
  • Related links
  • https//www.kenresearch.com/technology-and-telecom
    /it-and-ites/ict-investment-trends-utilities/78615
    -105.html
  • http//https//www.kenresearch.com/healthcare/gener
    al-healthcare/ict-investment-trends-healthcare/786
    04-91.html
  • Contact UsKen ResearchAnkur Gupta, Head
    Marketing CommunicationsAnkur_at_kenresearch.com
    91-9015378249

8
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