Welcome!

News Feed Item

ICT procurement trends in Financial Markets - Enterprise ICT investment plans

LONDON, Jan. 22, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

ICT procurement trends in Financial Markets - Enterprise ICT investment plans

Product Synopsis

This report presents the findings from a survey of 158 financial market institutions regarding their approach to Information and Communication Technology (ICT) procurement. The survey investigates the way that financial market institutions like to purchase technology, as well as the major IT and business objectives influencing their IT investment strategies.

Introduction and Landscape

Why was the report written?
To highlight the criteria on which financial market institutions select their IT providers as well as the roles which have influence while making IT purchasing decisions.

What is the current market landscape and what is changing?
Financial market institutions are keen to deploy their technologies on-site as they have to adhere to strict compliance regulations relating to data security. However, institutions are gradually shifting their business processes (which do not involve confidential data) to hosted deployments.

What are the key drivers behind recent market changes?
Kable believes that enterprises in the capital markets are gradually shifting their focus towards hosted deployments, primarily driven by advantages such as reduced IT costs and improved scalability and flexibility.

What makes this report unique and essential to read?
Kable Global ICT Intelligence has invested significant resources in order to interview CIOs and IT managers about their IT Procurement. Very few IT analyst houses will have interviewed 150+ ICT decision makers in financial markets in H2 2012.

Key Features and Benefits

Provides insights into financial market institutions' preferred buying approaches.

Comprehend the business objectives that financial market institutions are looking to achieve through their IT investment strategy.

Appreciate the IT objectives that financial market institutions are looking to achieve through their IT investment strategy.

Understand the factors that are influencing financial market institutions' decision to select an ICT provider.

Understand which organizational roles influence IT purchasing decisions and signing off budgets.

Key Market Issues

Purchasing technologies from national resellers is the least preferred approach for financial market institutions as they are not easily accessible to provide value-added services and timely after-sales support.

Financial market institutions are keen to improve their operational efficiencies by streamlining their core business processes. This is fairly evident from the survey, as institutions give the objective of raising efficiency the highest average rating of X on a scale of 1 to 4.

As financial market institutions are undergoing a radical shift owing to new trends in technology such as online and mobile trading, it is becoming imperative for IT managers to demonstrate the value of IT to the business in order to gain sign-off for their investments.

As institutions are trying to improve their bottom lines by reducing costs amidst uncertain economic conditions, they are placing more emphasis on vendors who are able to provide them with flexible pricing models and value for money offerings.

According to Kable's survey, 72% of financial market institutions state that their ICT infrastructure is either very complex or somewhat complex.

Key Highlights

Institutions are prioritising the business objective of cutting costs, giving this objective an average rating of X on the scale of 1 to 4. Financial market institutions are focusing on minimising costs to improve their profitability amidst uncertain economic conditions.

Institutions are assigning the second highest ratings of X to leading-edge technology as a selection factor, which signifies that ICT vendors who are able to provide disruptive technologies are likely to be preferred over their competitors.

The survey shows that financial market institutions are assigning considerable importance to the IT objective relating to 'meet internal service level agreements', with second highest average rating of X on a scale of 1 to 4.

On average, X% of respondents are inclined to buy technologies direct from suppliers, 35% from local resellers, and the remaining 20% from national resellers.

Financial market institutions rate CIOs/the IT department as the most influential authority when making ICT purchasing decisions, giving this group the highest average rating of X on a scale of 1 to 4. However, it is notable that CFOs/Finance Directors and the CEO also have significant influence with regards to ICT purchasing decisions, with average ratings of X on the same scale.

1 Enterprise ICT investment trends
1.1 Introduction
1.2 Survey demographics
1.3 ICT budget changes
1.4 ICT investment priorities
2 ICT procurement trends
2.1 Introduction
2.2 Purchasing channels
2.3 Business objectives influencing IT investment strategy
2.4 IT objectives influencing IT investment strategy
2.5 ICT provider selection
2.6 Influencers
2.7 ICT infrastructure environment complexity
3 Summary
3.1 Financial market institutions are keen to deploy their technologies on-site as they have to adhere to strict compliance regulations
4 Appendix
4.1 Definitions
4.2 Further reading
4.3 Contact the authors

List of Tables

Table 1: Financial markets - enterprise ICT survey geographic breakdown

List of Figures

Figure 1: Financial markets - enterprise ICT survey geographic breakdown

Read the full report:
ICT procurement trends in Financial Markets - Enterprise ICT investment plans
http://www.reportbuyer.com/computing_electronics/services/ict_procurement_trends_financial_markets_enterprise_ict_investment_plans.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=IT_Services

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.