US trade tariffs policies first announced and at least partially implemented at the start of April have had a seismic impact on both US and global economic outlook. While tariff policies themself are subject to a high degree of uncertainty as negotiations between US and countries occurs, it has, regardless of final outcomes, had a real economic impact, given the uncertainty it has introduced to global supply chains as well as business and consumer confidence.

In response, Celent has updated its Q1 2025 IT spending forecast model based on this revised economic outlook. This report, Dimensions: Retail Banking IT Spending Forecasts by Domain 2025–2030 - Q2 2025 Edition: Post-Tariffs Update, provides a view of IT spending reflecting latest developments providing insights into driving IT allocations and expected growth across technology areas within retail banking, examining global and regional allocation growth trends.

IT spending in this report is analyzed by allocation back to business domain, breaking down global spending by location and domain. This includes the following segmentation:

• Front office — digital channels, physical channels, marketing, product development
• Middle office — compliance, fraud, risk, other
• Back office — account management, operations, payments
• Business support and central functions