ICT Priorities in Financial Markets - Enterprise ICT investment plans

LONDON, Jan. 22, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

ICT Priorities in Financial Markets - Enterprise ICT investment plans

Product Synopsis

This report presents the findings from a survey of X financial market institutions regarding their Information and Communication Technology (ICT) investment priorities. The survey investigates the core technologies which financial market institutions are investing in, including the likes of enterprise applications, security, mobility, communications and collaboration, and Cloud Computing.

Introduction and Landscape

Why was the report written?
In order to provide deeper insights into financial market institutions' ICT investment priorities and strategic objectives.

What is the current market landscape and what is changing?
The survey shows that the adoption of cloud computing is relatively low, owing to concerns relating to security and reliability.

What are the key drivers behind recent market changes?
Financial market institutions are planning to increase their investments in cloud computing in the future, primarily driven by benefits such as increased agility and scalability and lower total cost of ownership (TCO).

What makes this report unique and essential to read?
Kable Global ICT Intelligence has invested significant resources in order to interview CIOs and IT managers about their IT investment priorities. Very few IT analyst houses will have interviewed 150+ ICT decision makers in financial markets in H2 2012.

Key Features and Benefits

Recognize financial market institutions' strategic objectives with regards to their ICT investments.

Identify financial market institutions' investment priorities based on their budget allocations across core technology categories such as enterprise applications, security, mobility, communications and collaboration, and Cloud Computing, etc.

Learn about the drivers that are influencing financial market institutions' investments in each technology category.

Establish how financial market institutions' IT budgets are currently allocated across various segments within a technology category.

Gain insight into how financial market institutions plan to change their IT budget allocations across various segments within a technology category.

Key Market Issues

Kable's survey shows that financial market institutions are placing high levels of importance on the strategic objective of improving security and privacy, with the highest average ratings of X on a scale of 1 to 4.

Financial market institutions are investing in enterprise applications which enable risk and compliance management, performance and profitability management, marketing and business intelligence, HR management, and front office management to streamline their business operations.

Amidst continuously evolving regulations and a highly competitive market there is a growing need for financial market institutions to respond quickly to changes and make decisions in order to increase business efficiency and productivity. Therefore, institutions are adopting business intelligence (BI) tools to transform data and information into meaningful insights.

Content management solutions enable financial market institutions to mitigate legal and regulatory risk by classifying and storing information in an organised manner and making it accessible for compliance purposes. Therefore, a large proportion of financial market institutions are planning to invest in these solutions in the next two years.

Financial market institutions are putting a lot of emphasis on deploying various IT systems management solutions and minimising their ICT infrastructure complexity, as the majority (X%) of institutions are operating in either a very complex or a somewhat complex ICT environment.

Key Highlights

In the next two years, financial market institutions are relatively keen on CRM application expenditure, as 63% of these firms are planning investments in this domain. CRM solutions offer functionality that enables institutions to better manage client opportunities and relationships, while helping institutions' sales, trading, and research functions.

The adoption of real-time BI is expected to gain momentum as institutions need to take proactive decisions depending on price swings or breaking news relating to relevant holdings. Not surprisingly therefore, the highest percentage of financial institutions are planning to invest in real-time BI in the next two years.

In the next two years, 59% of respondents are planning to invest in customer facing applications to improve customer satisfaction. The demand for tablet computing is also expected to increase as 53% of financial market firms are planning investments in this space in the next two years.

Server virtualization is the most widely deployed green IT solution by financial market institutions, with a penetration rate of 66%. Kable's survey finds that server virtualization is expected to receive higher investments, as X% of institutions are planning to deploy these solutions in the next two years.

Kable's survey finds that private and hybrid cloud are expected to bring in greater investments in the next twenty-four months, as 58% and 59% of institutions are planning to invest in these cloud computing models over this timeframe.
1 Enterprise ICT investment trends
1.1 Introduction
1.2 Survey demographics
1.3 ICT budget changes
1.4 Strategic objectives
1.5 Core technology investment priorities
2 Detailed ICT investment priorities
2.1 Introduction
2.2 Enterprise applications
2.3 Business intelligence
2.4 Security
2.5 Content management
2.6 Mobility
2.7 IT systems management
2.8 Communications and collaboration
2.9 Green IT and virtualization
2.1 Cloud computing solutions
3 Summary
3.1 Financial market institutions are making notable investments in enterprise applications to increase competitiveness and streamline operations
4 Appendix
4.1 Definitions
4.2 Further reading
4.3 Contact the authors

List of Tables

Table 1: Financial markets - enterprise ICT survey geographic breakdown
Table 2: Financial markets - enterprise ICT survey breakdown by size band (number of employees)
Table 3: Recent and expected ICT budget changes among financial market institutions
Table 4: Current strategic objectives of financial market institutions
Table 5: Current and future investment priorities of financial market institutions across core technologies
Table 6: Enterprise applications - financial market institutions' current and future investment priorities
Table 7: Business intelligence - financial market institutions' current and future investment priorities
Table 8: Security - financial market institutions' current and future investment priorities
Table 9: Content management - financial market institutions' current and future investment priorities
Table 10: Mobility - financial market institutions' current and future investment priorities
Table 11: IT systems management - financial market institutions' current and future investment priorities
Table 12: Communications and collaboration - financial market institutions' current and future investment priorities
Table 13: Green IT and virtualization - financial market institutions' current and future investment priorities
Table 14: Cloud computing solutions - financial market institutions' current and future investment priorities

List of Figures

Figure 1: Financial markets - enterprise ICT survey geographic breakdown
Figure 2: Financial markets - enterprise ICT survey breakdown by size band (number of employees)
Figure 3: Recent and expected ICT budget changes among financial market institutions
Figure 4: Current strategic objectives of financial market institutions
Figure 5: Current and future investment priorities of financial market institutions across core technologies
Figure 6: Enterprise applications - financial market institutions' current and future investment priorities
Figure 7: Business intelligence - financial market institutions' current and future investment priorities
Figure 8: Security - financial market institutions' current and future investment priorities
Figure 9: Content management - financial market institutions' current and future investment priorities
Figure 10: Mobility - financial market institutions' current and future investment priorities
Figure 11: IT systems management - financial market institutions' current and future investment priorities
Figure 12: Communications and collaboration - financial market institutions' current and future investment priorities
Figure 13: Green IT and virtualization - financial market institutions' current and future investment priorities
Figure 14: Cloud computing solutions - financial market institutions' current and future investment priorities


Read the full report:
ICT Priorities in Financial Markets - Enterprise ICT investment plans
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For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
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