Introduction
This brief provides key insight into the opportunities that exist in the North American financial services infrastructure outsourcing market. Individual opportunities are highlighted by line of business and by type of infrastructure service highlighting both take-up levels and growth prospects.
Scope
* The brief is supported by Datamonitor's global financial services technology research providing granular actual and planned IT spending
* The research reveals invaluable insight into take-up plans and current penetration levels of different outsourcing services across financial services
* Primary interviews with vendors and secondary research provide revenue breakdowns to support Datamonitor's forecasts
Report Highlights
Despite high market maturity, the infrastructure outsourcing market in North American financial services continue to generate high growth levels, generating the 56% of the growth in outsourcing services spending from 2003 to 2005.
Infrastructure niche segments are less important in terms of dictating growth and opportunity than line of business affiliation. Sector performance has proven to be more significant in terms of dictating the IT strategy than the relative merits of each infrastructure outsourcing market.
Take-up, in terms of infrastructure outsourcing spend as proportion of total IT spend is highest in retail banking, followed by insurance and then financial markets. Between 2003 and 2005 however, insurance growth will exceed that of retail banking and financial markets as cost pressures continue to be strong.
Reasons to Purchase
* Effectively target financial services institutions with relevant outsourcing services according to line of business
* Quantify the market opportunity for infrastructure outsourcing service providers in the North American financial services sector by line of business