*NEW RESEARCH* UK Financial Services SITS Market Update

TechMarketView's previous forecasts for the UK Financial Services Software and IT Services (SITS) market was published on 4th July 2024. The same day as the general election that brought a new Labour administration to power with a landslide majority. However, since the summer of 2024, UK economic growth has slowed and consumer confidence has deteriorated in the face of a variety of domestic and global factors.

Whilst we continue to expect that stronger demand and an acceleration in external SITS spend will return to the Financial Services sector, we have dialled down our medium-term forecasts, following an analysis of recent market data and consultation with stakeholders on both the buy-side and the sell-side.

TechMarketView’s updated outlook for the UK Financial Services Software and IT Services (SITS) market is available for FinancialServicesViews subscribers to download now. This brief report contains our revised estimates for external spend through to 2027.

If you do not currently have access but are interested in this report or any other of our materials, please contact Belinda Tewson for more information.

Posted by: Jon C Davies at 07:00

Add a comment