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Global IT Spending in Financial Services Market Research Report 2024
Synopsis
IT Spending in Financial Services is the amount of money that financial institutions and organizations spend on information technology (IT) products and services, such as hardware, software, cloud, data, security, and consulting. IT Spending in Financial Services is an indicator of the digital transformation and innovation in the financial industry, as well as the competitive advantage and operational efficiency of financial firms .
The global IT Spending in Financial Services market was valued at US$ 12110 million in 2023 and is anticipated to reach US$ 20780 million by 2030, witnessing a CAGR of 8.0% during the forecast period 2024-2030.
The industry trend of IT Spending in Financial Services is driven by the increasing demand for digital transformation and innovation in the financial industry. The report also identifies some of the key factors that are influencing the market growth ,such as the rising adoption of cloud-based solutions ,the growing need for data-driven insights and decision making ,the increasing focus on cybersecurity and compliance ,and the emergence of new technologies such as artificial intelligence (AI) ,blockchain ,and 5G .
This report aims to provide a comprehensive presentation of the global market for IT Spending in Financial Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Spending in Financial Services.
Report Scope
The IT Spending in Financial Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IT Spending in Financial Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IT Spending in Financial Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Accenture
ALTEN
Altran Technologies
IBM
SAP
ABB
Alcatel-Lucent
Alstom
Hitachi
Bombardier
Capgemini
CGI
Cisco Systems
DXC Technology
GE Transportation
Huawei Technologies
Indra Sistemas
Infosys
Siemens
TCS
Segment by Type
Services
Software
Hardware
Segment by Application
Banks
Insurances
Other Financial Services
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IT Spending in Financial Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
IT Spending in Financial Services is the amount of money that financial institutions and organizations spend on information technology (IT) products and services, such as hardware, software, cloud, data, security, and consulting. IT Spending in Financial Services is an indicator of the digital transformation and innovation in the financial industry, as well as the competitive advantage and operational efficiency of financial firms .
The global IT Spending in Financial Services market was valued at US$ 12110 million in 2023 and is anticipated to reach US$ 20780 million by 2030, witnessing a CAGR of 8.0% during the forecast period 2024-2030.
The industry trend of IT Spending in Financial Services is driven by the increasing demand for digital transformation and innovation in the financial industry. The report also identifies some of the key factors that are influencing the market growth ,such as the rising adoption of cloud-based solutions ,the growing need for data-driven insights and decision making ,the increasing focus on cybersecurity and compliance ,and the emergence of new technologies such as artificial intelligence (AI) ,blockchain ,and 5G .
This report aims to provide a comprehensive presentation of the global market for IT Spending in Financial Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Spending in Financial Services.
Report Scope
The IT Spending in Financial Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IT Spending in Financial Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IT Spending in Financial Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Accenture
ALTEN
Altran Technologies
IBM
SAP
ABB
Alcatel-Lucent
Alstom
Hitachi
Bombardier
Capgemini
CGI
Cisco Systems
DXC Technology
GE Transportation
Huawei Technologies
Indra Sistemas
Infosys
Siemens
TCS
Segment by Type
Services
Software
Hardware
Segment by Application
Banks
Insurances
Other Financial Services
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IT Spending in Financial Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IT Spending in Financial Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Services
1.2.3 Software
1.2.4 Hardware
1.3 Market by Application
1.3.1 Global IT Spending in Financial Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banks
1.3.3 Insurances
1.3.4 Other Financial Services
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global IT Spending in Financial Services Market Perspective (2019-2030)
2.2 IT Spending in Financial Services Growth Trends by Region
2.2.1 Global IT Spending in Financial Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 IT Spending in Financial Services Historic Market Size by Region (2019-2024)
2.2.3 IT Spending in Financial Services Forecasted Market Size by Region (2025-2030)
2.3 IT Spending in Financial Services Market Dynamics
2.3.1 IT Spending in Financial Services Industry Trends
2.3.2 IT Spending in Financial Services Market Drivers
2.3.3 IT Spending in Financial Services Market Challenges
2.3.4 IT Spending in Financial Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top IT Spending in Financial Services Players by Revenue
3.1.1 Global Top IT Spending in Financial Services Players by Revenue (2019-2024)
3.1.2 Global IT Spending in Financial Services Revenue Market Share by Players (2019-2024)
3.2 Global IT Spending in Financial Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by IT Spending in Financial Services Revenue
3.4 Global IT Spending in Financial Services Market Concentration Ratio
3.4.1 Global IT Spending in Financial Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IT Spending in Financial Services Revenue in 2023
3.5 IT Spending in Financial Services Key Players Head office and Area Served
3.6 Key Players IT Spending in Financial Services Product Solution and Service
3.7 Date of Enter into IT Spending in Financial Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 IT Spending in Financial Services Breakdown Data by Type
4.1 Global IT Spending in Financial Services Historic Market Size by Type (2019-2024)
4.2 Global IT Spending in Financial Services Forecasted Market Size by Type (2025-2030)
5 IT Spending in Financial Services Breakdown Data by Application
5.1 Global IT Spending in Financial Services Historic Market Size by Application (2019-2024)
5.2 Global IT Spending in Financial Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America IT Spending in Financial Services Market Size (2019-2030)
6.2 North America IT Spending in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America IT Spending in Financial Services Market Size by Country (2019-2024)
6.4 North America IT Spending in Financial Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe IT Spending in Financial Services Market Size (2019-2030)
7.2 Europe IT Spending in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe IT Spending in Financial Services Market Size by Country (2019-2024)
7.4 Europe IT Spending in Financial Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific IT Spending in Financial Services Market Size (2019-2030)
8.2 Asia-Pacific IT Spending in Financial Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific IT Spending in Financial Services Market Size by Region (2019-2024)
8.4 Asia-Pacific IT Spending in Financial Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America IT Spending in Financial Services Market Size (2019-2030)
9.2 Latin America IT Spending in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America IT Spending in Financial Services Market Size by Country (2019-2024)
9.4 Latin America IT Spending in Financial Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IT Spending in Financial Services Market Size (2019-2030)
10.2 Middle East & Africa IT Spending in Financial Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa IT Spending in Financial Services Market Size by Country (2019-2024)
10.4 Middle East & Africa IT Spending in Financial Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Accenture
11.1.1 Accenture Company Detail
11.1.2 Accenture Business Overview
11.1.3 Accenture IT Spending in Financial Services Introduction
11.1.4 Accenture Revenue in IT Spending in Financial Services Business (2019-2024)
11.1.5 Accenture Recent Development
11.2 ALTEN
11.2.1 ALTEN Company Detail
11.2.2 ALTEN Business Overview
11.2.3 ALTEN IT Spending in Financial Services Introduction
11.2.4 ALTEN Revenue in IT Spending in Financial Services Business (2019-2024)
11.2.5 ALTEN Recent Development
11.3 Altran Technologies
11.3.1 Altran Technologies Company Detail
11.3.2 Altran Technologies Business Overview
11.3.3 Altran Technologies IT Spending in Financial Services Introduction
11.3.4 Altran Technologies Revenue in IT Spending in Financial Services Business (2019-2024)
11.3.5 Altran Technologies Recent Development
11.4 IBM
11.4.1 IBM Company Detail
11.4.2 IBM Business Overview
11.4.3 IBM IT Spending in Financial Services Introduction
11.4.4 IBM Revenue in IT Spending in Financial Services Business (2019-2024)
11.4.5 IBM Recent Development
11.5 SAP
11.5.1 SAP Company Detail
11.5.2 SAP Business Overview
11.5.3 SAP IT Spending in Financial Services Introduction
11.5.4 SAP Revenue in IT Spending in Financial Services Business (2019-2024)
11.5.5 SAP Recent Development
11.6 ABB
11.6.1 ABB Company Detail
11.6.2 ABB Business Overview
11.6.3 ABB IT Spending in Financial Services Introduction
11.6.4 ABB Revenue in IT Spending in Financial Services Business (2019-2024)
11.6.5 ABB Recent Development
11.7 Alcatel-Lucent
11.7.1 Alcatel-Lucent Company Detail
11.7.2 Alcatel-Lucent Business Overview
11.7.3 Alcatel-Lucent IT Spending in Financial Services Introduction
11.7.4 Alcatel-Lucent Revenue in IT Spending in Financial Services Business (2019-2024)
11.7.5 Alcatel-Lucent Recent Development
11.8 Alstom
11.8.1 Alstom Company Detail
11.8.2 Alstom Business Overview
11.8.3 Alstom IT Spending in Financial Services Introduction
11.8.4 Alstom Revenue in IT Spending in Financial Services Business (2019-2024)
11.8.5 Alstom Recent Development
11.9 Hitachi
11.9.1 Hitachi Company Detail
11.9.2 Hitachi Business Overview
11.9.3 Hitachi IT Spending in Financial Services Introduction
11.9.4 Hitachi Revenue in IT Spending in Financial Services Business (2019-2024)
11.9.5 Hitachi Recent Development
11.10 Bombardier
11.10.1 Bombardier Company Detail
11.10.2 Bombardier Business Overview
11.10.3 Bombardier IT Spending in Financial Services Introduction
11.10.4 Bombardier Revenue in IT Spending in Financial Services Business (2019-2024)
11.10.5 Bombardier Recent Development
11.11 Capgemini
11.11.1 Capgemini Company Detail
11.11.2 Capgemini Business Overview
11.11.3 Capgemini IT Spending in Financial Services Introduction
11.11.4 Capgemini Revenue in IT Spending in Financial Services Business (2019-2024)
11.11.5 Capgemini Recent Development
11.12 CGI
11.12.1 CGI Company Detail
11.12.2 CGI Business Overview
11.12.3 CGI IT Spending in Financial Services Introduction
11.12.4 CGI Revenue in IT Spending in Financial Services Business (2019-2024)
11.12.5 CGI Recent Development
11.13 Cisco Systems
11.13.1 Cisco Systems Company Detail
11.13.2 Cisco Systems Business Overview
11.13.3 Cisco Systems IT Spending in Financial Services Introduction
11.13.4 Cisco Systems Revenue in IT Spending in Financial Services Business (2019-2024)
11.13.5 Cisco Systems Recent Development
11.14 DXC Technology
11.14.1 DXC Technology Company Detail
11.14.2 DXC Technology Business Overview
11.14.3 DXC Technology IT Spending in Financial Services Introduction
11.14.4 DXC Technology Revenue in IT Spending in Financial Services Business (2019-2024)
11.14.5 DXC Technology Recent Development
11.15 GE Transportation
11.15.1 GE Transportation Company Detail
11.15.2 GE Transportation Business Overview
11.15.3 GE Transportation IT Spending in Financial Services Introduction
11.15.4 GE Transportation Revenue in IT Spending in Financial Services Business (2019-2024)
11.15.5 GE Transportation Recent Development
11.16 Huawei Technologies
11.16.1 Huawei Technologies Company Detail
11.16.2 Huawei Technologies Business Overview
11.16.3 Huawei Technologies IT Spending in Financial Services Introduction
11.16.4 Huawei Technologies Revenue in IT Spending in Financial Services Business (2019-2024)
11.16.5 Huawei Technologies Recent Development
11.17 Indra Sistemas
11.17.1 Indra Sistemas Company Detail
11.17.2 Indra Sistemas Business Overview
11.17.3 Indra Sistemas IT Spending in Financial Services Introduction
11.17.4 Indra Sistemas Revenue in IT Spending in Financial Services Business (2019-2024)
11.17.5 Indra Sistemas Recent Development
11.18 Infosys
11.18.1 Infosys Company Detail
11.18.2 Infosys Business Overview
11.18.3 Infosys IT Spending in Financial Services Introduction
11.18.4 Infosys Revenue in IT Spending in Financial Services Business (2019-2024)
11.18.5 Infosys Recent Development
11.19 Siemens
11.19.1 Siemens Company Detail
11.19.2 Siemens Business Overview
11.19.3 Siemens IT Spending in Financial Services Introduction
11.19.4 Siemens Revenue in IT Spending in Financial Services Business (2019-2024)
11.19.5 Siemens Recent Development
11.20 TCS
11.20.1 TCS Company Detail
11.20.2 TCS Business Overview
11.20.3 TCS IT Spending in Financial Services Introduction
11.20.4 TCS Revenue in IT Spending in Financial Services Business (2019-2024)
11.20.5 TCS Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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