Bank IT Spending and Trends: What Does 2012 Look Like?
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20 January 2012Jacob 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. 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 Perspective - IT Spending in Banking: A North American Perspective - Top Trends in Banking 2012 - Top Trends in Payments: A Year In Review Happy reading!