Dallas, Texas (PRWEB) September 24, 2014 -- The below findings and more are discussed in a new report from the Everest Group, IT Outsourcing in Capital Markets - Annual Report: Moving Towards a Simpler Future. The report analyzes current trends and future outlook for the global capital markets sector.
Capital market firms are responding to market challenges of low profit margins, regulatory compliance and aging systems by ramping up discretionary spending on technology in five key areas:
● Platform-based utilities;
● Data management systems;
● Cloud and software-as-a-service (SaaS) models;
● Infrastructure modernization; and
● Digital initiatives.
As a result, revenue growth for application outsourcing service providers is expected to register strong growth of 13 percent year-on-year through 2020.
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“With respect to next-generation themes, regulatory compliance and data management are the top priorities for capital market businesses,” said Jimit Arora, vice president at Everest Group. “In terms of digital initiatives, we see considerably more investment in mobile technologies than in social media and cloud, although buyers are beginning to show increased adoption of the cloud model. For service providers, these trends will drive increased investment in risk management and compliance, productivity enhancements such as automation, and ever more responsive and agile IT environments.”
Download Publication-Quality Graphics
High-resolution graphics illustrating the report’s key takeaways can be included in news coverage, with attribution to Everest Group. Graphics include:
● Capital markets AO activity doubled in 2013
● US$12.3 billion in capital markets AO contracts will be in play 2013-2018
● Nearshore locations in Eastern Europe and Latin America are increasingly relevant for capital markets AO delivery
● Capital markets ITO trends: Sourcing implications for buyers and service providers
About Everest Group
Everest Group, an advisor to business leaders on the next generation of global services, has a worldwide reputation for helping Global 1000 firms improve performance by optimizing back- and middle-office business services. Through practical consulting, original research and industry resource services, Everest Group helps clients maximize value from delivery strategies, talent and sourcing models, technologies and management approaches. Visit http://www.everestgrp.com and research.everestgrp.com.
Andrea M. Riffle, Everest Group, http://www.everestgrp.com, +1 954-801-8474, [email protected]