Financial Services Market trends and Forecasts 2015

The market for Software and IT Services in the Financial Services sector is forecast to grow faster than the overall market, at a CAGR of 2.4%. This however marks a reduction on our earlier forecasts as we are increasingly concerned about the deflationary impacts of new technology. Notwithstanding this adjustment, we consider that the sector is moving forward more rapidly as major transformational decisions are being taken by the larger incumbent FS providers. Given this background, this report examines the important, market-shaping factors within each of the major horizontal segments of the UK Software and IT Services market and discusses the implications for suppliers to this important and now faster-moving sector.

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