Bank IT Spending and Trends: 2014 Forecasts & Predictions

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14 February 2014
Jacob Jegher
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!

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Asia-Pacific, EMEA, LATAM, North America