Market Analysis

Canadian Financial Services IT Spending 2009-2013 Forecast

Publication Date	May 2009
Publisher	IDC
Product Type	Report
Pages	42
ISBN Number	not applicable
Product Code	IDC07666

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Summary

This Financial Insights report examines annual spending for financial services firms in Canada from 2009 to 2013. 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?

"The global financial and economic crises have negatively impacted Canadian financial services firms' IT spending plans in the short term," says Rob Burbach, senior analyst of Financial Insights' Canadian Financial Advisory Services. "However, we expect Canadian financial institutions to take advantage of their strength globally to make very significant new IT investments in the next five years."

Content

Financial Insights Opinion
In This Report
Situation Overview
- Macroeconomic Assumptions
  - Financial Services Industry-Specific Assumptions
- Segmenting the Market
Future Outlook
- Forecast and Assumptions
  - Overall Canadian External IT Market Spending Reflects the Current Economic Crisis
  - Canadian Financial Services External IT Spending Is Expected to Lead the Way to Recovery in the IT Sector
  - Spending in Services and Software Will Lead the Recovery in Canadian Financial Services IT Spending
  - Hardware Spending Is Hurt Most in This Economic Cycle
  - Increases in Software Spending Will Be Led by Investments in Application Software
  - Spending on Services Will Also Benefit from Spending on Core Banking Replacement
- Forecast by Market Segment: Banking Will Lead Financial Services Spending Out of This Financial and Economic Crisis
  - Canadian Banking Takes Advantage of Its Strength to Position Itself for the Future
  - Insurance IT Spending Will Be Hit Hard
  - Many Canadian Capital Markets Firms Are in Survival Mode
  - Spending Within Each Vertical Market Segment
- Market Context
- What to Watch
Essential Guidance
- Actions for Financial Institutions
- Actions for Vendors
Learn More
- Related Research
- Synopsis
List of Tables
- Table: Key Forecast Assumptions for the Canadian IT Market, 2009-2013
- Table: Canadian External IT Spending by Vertical Segment, 2008-2013 (C$M)
- Table: Canadian Financial Services External IT Spending by IT Segment, 2008-2013 (C$M)
- Table: Canadian Financial Services External IT Spending by Market Segment and IT Segment, 2008-2013 (C$M)
- Table: Canadian Banking External IT Spending by IT Segment, 2008-2013 (C$M)
- Table: Canadian Insurance External IT Spending by IT Segment, 2008-2013 (C$M)
- Table: Canadian Capital Markets External IT Spending by IT Segment, 2008-2013 (C$M)
- Table: Canadian Financial Services External IT Spending by Market Segment, 2008-2013 (C$M)
- Table: Canadian Financial Services External IT Spending by IT Segment, 2005-2013: Comparison of December 2008 and May 2009 Forecasts (C$M)
List of Figures
- Figure: Segmenting the Financial Services Industry in Canada
- Figure: Global Bank Writedowns as of April 9, 2009
- Figure: Canadian External IT Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services External IT Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services IT Hardware Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services IT Software Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services IT Services Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Banking External IT Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Insurance External IT Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Capital Markets External IT Spending, 2006-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services External IT Spending, 2005-2013: Comparison of December 2008 and May 2009 Forecasts
- Figure: Canadian Financial Services External IT Spending Growth by IT Segment, 2006-2013: Comparison of December 2008 and May 2009 Forecasts