IT spending in the banking and securities industry in the mature Asia-Pacific region will reach $67.1 billion in 2017, an increase of 5.4 per cent on the previous year, technology research firm Gartner predicts.
The forecast provides total enterprise IT spending including on data centre systems, devices, software, IT services and telecom services. The mature Asia/Pacific region consists of the following countries: Australia, Japan, New Zealand, Singapore and South Korea.
In US dollar terms, Japan is the largest market, but New Zealand will have the highest growth rate in 2017 at 6.4 percent, followed by Japan at 5.6 percent.
Gartner predicts that the software segment will grow the fastest at 8.5 percent in 2017, as firms in the banking and securities industry invest more in applications, infrastructure and vertical-specific software.
Moutusi Sau, principal research analyst at Gartner, said: “The banking and securities industry is focused on investing in advanced data and analytics, as new tools like artificial intelligence are becoming popular in this industry.”
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