DUBLIN, Nov. 4, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rttz5l/global_it) has announced the addition of the "Global IT Spending by Investment Banks - Market Research 2015-2019" report to their offering.
The global IT spending in investment banking is primarily driven by changing worldwide regulation compliances. This research report predicts that the market will account for USD 85 billion in terms of revenue over the next four years.
To calculate the overall market spend on IT by investment banks, this report considers revenues generated from the sale of servers and storage, and networking equipment under the hardware segment. Under the software segment, application software and infrastructure software are taken into account while process management, hardware and software support are covered in the IT services segment.
Regulatory and market forces are driving investment banks to transform their capital market businesses to reduce complexity and operational costs. Some banks are not unable to accomplish this transformation effectively as high expense and unsatisfactory returns will force them to exit certain products. With unsatisfactory returns observed by clients, banks will allocate their funds on e-trading platforms to control their collateral and other products.
According to the report, growing incidences of cyberattacks and security threats have compelled many investment firms, including brokerage houses, to spend a significant amount of time and money toward IT risk management systems to optimize and mitigate risks. As the financial market has become more open and deregulated, risks faced by investment banks across geographies, asset classes, customer segments, functional departments, and products are major concerns in the market.
Competitive landscape of the IT spending market by investment banks
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by category
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
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SOURCE Research and Markets