This IDC Financial Insights Pivot Table provides an updated forecast for Asia/Pacific (APAC) capital markets industry IT spending from 2009 to 2014.
Overall, financial firms in APAC emerged from the global market crisis with limited damage. Over the course of 2010, the APAC recovery matured and GDP growth reached an average 6.4% and capital markets annual IT spend growth for the region reached 7.0%. The near-term prospects for the region are favorable, despite the earthquake-related tragedy in Japan in March of this year. Japan is included in our overall regional forecasts, and we see relatively limited impact on the country's IT spend in capital markets. Australia and New Zealand are two of the larger countries that are dragging overall capital markets IT spend, while China and India remain leading growth countries.
Some of the areas in APAC capital markets that continue to be IT priorities are exchange connectivity, infrastructure improvements, wealth management, retail brokerage, and improved operations to deal with the growing volumes and different types of securities being traded.
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