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Canadian Financial Services Industry 2008 - 2012 IT Spending Forecast and Analysis

Product Type: Market Research Report
Published by: IDC
Published: June 2008
Product Code: R104-34064
Description

This Financial Insights report examines annual spending for financial services firms in Canada from 2008 to 2012. It provides valuable insights, predictions, and guidance based on extensive demand and supply-side data, supported by the breadth and depth of Financial Insights' and IDC's considerable industry experience. The report answers the following questions:

What are the IT investment priorities and business drivers for Canadian financial services firms? How large is the IT market within the Canadian financial services sector? What are the greatest opportunities for IT product and services vendors?

"Continuing global events in financial services markets have forced Canadian financial services firms to moderate their IT spending plans," says Rob Burbach, senior analyst of Financial Insights' Canadian Financial Advisory Services. "Vendors will have to work both harder and smarter to take advantage of the opportunities."

Table of Contents
Table of Contents

Financial Insights Opinion

In This Report

Situation Overview

Segmenting the Market

Figure: Segmenting the Financial Services Industry in Canada

Figure: Technology Utilization Spans the Spectrum in Financial Services

2012 Spending Overview

2008 Spending Overview

Financial Services as a Vertical Within the Market

Figure: Canada External IT Spending Share by Vertical Market, 2008

Banking Leads 2008 IT Spending in Financial Services Segments

Figure: Canada Financial Services External IT Spending Share by Market Segment and IT Segment, 2008

IT Services Is the Largest Spending Area Within Financial Services

Figure: Canada Financial Services External IT Spending Share by Subsegment, 2008

Future Outlook

Forecast and Assumptions

Macroeconomic Assumptions

Table: Key Forecast Assumptions for the Canadian ICT Market, 2008-2012

Financial Services Industry-Specific Assumptions

What to Watch

Financial Services External IT Spend to Rise to C$9.0 Billion in 2012

Table: Canada Financial Services External IT Spending by IT Segment, 2007-2012 (C$M)

Spending on Software Shows Greatest Growth in Financial Services

Table: Canada Financial Services External IT Spending by Market Segment and IT Segment, 2007-2012 (C$M)

IT Spending by Financial Services Subsegment

Table: Canada Financial Services External IT Spending by Subsegment, 2007-2012 (C$M)

Banking

Table: Canada Banking External IT Spending by IT Segment, 2007-2012 (C$M)

Insurance

Table: Canada Insurance External IT Spending by IT Segment, 2007-2012 (C$M)

Capital Markets

Table: Canada Capital Markets External IT Spending by IT Segment, 2007-2012 (C$M)

Market Context

Table: Canada Financial Services External IT Spending, 2005-2012: Comparison of 2007 and 2008 Forecasts (C$M)

Figure: Canada Financial Services External IT Spending by Segment, 2006 - 2012: Comparison of 2007 and 2008 Forecasts

Essential Guidance

Actions for Financial Institutions

Actions for Vendors

Learn More

Related Research

Definitions

Hardware

Single-User Hardware

Multiuser Hardware

Storage Hardware

Networking Equipment

Other Hardware

Software

Applications Software

Application Development and Deployment Software

Systems Infrastructure Software

Services

IT Consulting and Integration Services

Outsourcing and Operations-Related Services

Support and Training Services

Synopsis

Ordering and More Information
Price and Delivery Options



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