Product Type: Market Research Report
Published by: TowerGroup
Published: September 2004
Product Code: R301-1032Description This TowerGroup Research Note analyzes the evolution of the outsourcing market in Japan as well as the underlying trends in the financial services industry that are precipitating this change. This Note also examines specific outsourcing deals inked over the past two years and the ways they differ from previous outsourcing arrangements. In particular, it outlines several examples of application-based shared utilities intended to support groups of regional banks. Finally, TowerGroup analyzes relevant IT spending trends that accentuate the market change discussed in this Note.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Background: Outsourcing in Japan
- Exhibit 1: The Changing Role of Outsourcing in the Japanese Financial Services Industry (2004)
- Emergence of New Players and Beginning of Vendor Control
- The Entanglement of Pursuing Cost Efficiencies
- Recent Outsourcing Deals in Japan
- Exhibit 2: Recent Outsourcing Deals by Japanese Financial Services Firms (2002-04)
- Mizuho/Fujitsu
- Tokyo Star Bank/Fujitsu
- Mitsui Life Insurance Company/IBM Japan
- Resona/NTT Data
- Table Stakes for Banks and Vendors with Shared Outsourcing Utilities
- Exhibit 3: One-to-Many Outsourcing Deals in the Japanese Financial Services Industry (2004)
- IBM Japan/Bank of Tokyo Mitsubishi
- NEC/Japan Research Institute/Sumitomo Mitsui Banking Corporation
- Hitachi/UFJ Holdings
- NTT Data/Regional Bank Utility
- Outsourcing in Japan's Financial Services Industry: Market Sizing
- Exhibit 4: Bank IT Spending in Japan, by Source (2004-07)
- Enterprise Transformation Yields Sharp Maintenance Cost Savings
- Exhibit 5: New, Replacement, and Maintenance IT Spending by Japanese FSIs (1998-2007)
- Summary
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