This IDC Financial Insights Pivot Table provides an updated forecast for North American capital markets industry IT spending from 2009 to 2014.
The past two years have witnessed an impressive market rebound, even as economic fundamentals have been slow to catch up. While IT budgets were tight or slashed heavily in 2009, financial improvements for capital markets firms over the year gave firms a chance to increase IT spend over 2010. IT spend was up impressively over 2010, and after such a large spend rebound, we see the next 12 months continuing a firm trend of improved IT spend for capital markets but the rate of growth declining.
The sections that follow offer a brief synopsis of the basic elements of our IT spend forecasts, which are:
- IT spend taxonomy
- Macroeconomic assumptions
- Top-line IT spend figures and trends