Business Strategy: Australia Banking, Financial Services, and Insurance ICT Market, 2009-2013

Business Strategy: Australia Banking, Financial Services, and Insurance ICT Market, 2009-2013 published by IDC Financial Insights in December, 2009. This report consists of Pages: 36 and the price starts from US $ 4500.

Introduction

Abstract

This IDC study focuses on the banking, financial services, and insurance (BFSI) sector in Australia, provides a map of where short- and longer-term opportunities can be found, and highlights purchasing patterns for products/services by market. This IDC study is part of a series of reports focusing on specific vertical markets. It provides actual ICT market sizing and market shares for 2008, along with forecasts for 2008 through 2013, including their five-year compound annual growth rates (CAGRs).

"Despite tight budgets, banks will still be spending on technologies that allow them to blunt the adverse effects of the crisis, build business despite the slowdown, and allow them to operate efficiently in a crisis environment. Strategic initiatives in 2010 should be dominated by operational efficiency, customer centricity, and innovation. The smartest of vendors will shift their strategies, not only by acceding to the cost management drivers of their clients but by changing their approach, service offerings, and delivery models. Furthermore, the global financial crisis will likely shift market shares and bring new market leaders into the fray — perhaps vendors that were targeting other verticals previously but now want to move their competitive strengths to a larger spending vertical market," says Melissa Martin, senior market analyst, IDC Australia.

Table of Contents

• Financial Insights Opinion
• In This Report
• Methodology
• Data Analysis
• Situation Overview
• Overview of the Australian BFSI Market in 2009
• Overview of the Australia Finance Regulatory Environment
• ICT Spending at a Glance
• Future Outlook
• Australia Banking ICT Market
• IDC' s Definition of Banking
• Banking Business Priorities in Australia
• Increasing Consistency/Accuracy of Customer Data
• Investing in Corporate Portals
• Credit Risk Management
• New Trade Finance Products
• Core and/or Direct Deposit Account System Replacement
• Hiring More Staff in Offshore Locations
• Banking ICT Market Spending by Category
• Outsourcing in Australia Banking
• SaaS and Cloud Computing in Australian Banking
• Mobility in Australia Banking
• Security in Australian Banking
• Banking ICT Market Spending by State
• Australia Financial Services ICT Market
• IDC' s Definition of Financial Services
• Financial Services ICT Market Spending by Category
• Financial Services ICT Market Spending by State
• Australia Insurance ICT Market
• IDC' s Definition of Insurance
• Insurance Business Priorities in Australia
• Insurance ICT Market Spending by Category
• Insurance ICT Market Spending by State
• Going to Market in the Australian BFSI Sector
• Top ICT Vendors in Australia BFSI
• Executives View on ICT in Australia BFSI
• Top CIO Priorities in Australia BFSI
• IT Strategic Planning in Australia BFSI
• ROI Expectations in Australia BFSI
• Forecast and Assumptions
• Essential Guidance
• Actions for Financial Institutions
• Actions for Vendors
• Learn More
• Related Research
• Synopsis
• Table: Australian Business Demographics and Economic Indicators in BFSI, 2009
• Table: Australia BFSI ICT Market Summary, 2009
• Table: Australia Banking ICT Spending by Category, 2008–2013
• Table: Australia Banking ICT Spending by State, 2008–2013
• Table: Australia Financial Markets ICT Spending by Category, 2008–2013
• Table: Australia Financial Services ICT Spending by State, 2008–2013
• Table: Australia Insurance ICT Spending by Category, 2008–2013
• Table: Australia Insurance ICT Spending by State, 2008–2013
• Table: Australia Top BFSI Hardware Suppliers, 2008
• Table: Australia Top BFSI Services Suppliers, 2008
• Table: Australia Top BFSI Software Suppliers, 2008
• Table: Top Australia BFSI Sector CIO Priorities, 2008–2010
• Table: Key Forecast Assumptions for Australia, 2008–2013
• Figure: Australia ICT Spending, by Vertical Market, 2009
• Figure: Australia Banking, Finance, and Insurance ICT Market, 2009
• Figure: Top Australia Banking Sector Business Priorities, 2008–2010
• Figure: Top Australia Insurance Sector Business Priorities, 2008–2010
• Figure: Australia BFSI Executives View on the Impact of IT
• Figure: Frequency in Updating IT Strategic Plan
• Figure: Australia BFSI Return on Investments Expectations, 2009

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