target audience: TECH SUPPLIER Publication date: Aug 2023 - Document type: Market Presentation - Doc Document number: # US49869223
Industry Market Forecast: Worldwide Financial Services 2023
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Abstract
This Market Presentation Report aims to provide technology vendor product managers and those responsible for market/competitive intelligence with an industry overview of IDC spending guide forecasts numbers and insights into the global financial services market context influencing that spend for 2023. This report includes:
- The IDC ICT market forecast for the worldwide financial services industry
- The IDC market forecast for IT applications for global financial services
- Insights into key drivers and inhibitors that had and will impact IT application investment sentiment in the worldwide financial services sector
The document also highlights the recent initiatives by countries and organizations while providing top-level advice for technology suppliers for pursuing a business strategy that spans across the financial services value chain.
"Despite turbulent economic headwinds, the financial services sector continues to be committed to technology initiatives through increased investments. The perception of technology as a cost center is shifting to seeing it as an enabler for necessary financial products and services in this highly competitive sector," says Abhishek Kumar, associate research director, IDC Asia/Pacific Financial Insights.