Thursday 04 January 2024

*NEW RESEARCH* Financial Markets SITS, Trends and Forecasts

A broad-based IT refresh is underway across UK Financial Markets, particularly within the capital markets segment where AI, machine learning, proprietary algorithms, and automation are all having an increasing influence. Cloud adoption is also a priority as firms look to implement digital processes and pursue the agility to embrace new operating approaches.

Following a period of strong and sustained growth, SITS spend within UK Financial Markets peaked during 2022 with the market worth £2.4bn. The Financial Markets sector has since endured a challenging time over the past twelve months, with high-interest rates, rising inflation and global tensions having a negative impact on the investment industry.

Subscribers to FinancialServicesViews can learn more by downloading Financial Markets SITS, Trends and Forecasts. The report analyses the business and technology trends impacting the Financial Markets sector in the UK and includes TechMarketView’s detailed forecasts for expenditure within the associated software and IT services (SITS) market.

FinMktsThe report contains a variety of market sizing data drawn from TechMarketView’s proprietary market model. Revenues in this report are based on our own research and estimates, supported by analysis of the performance of UK SITS providers and our discussions with the end user community.

If you are not already a subscriber to FInancialServicesViews but are interested in learning more about this report or any other of our material, please contact Deb Seth for more information.

Posted by Jon C Davies at '06:00' - Tagged: CapitalMarkets   financialmarkets   financial+services