PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Demand for ICT Solutions in European Banking Sector to Remain Steady Despite Downturn Finds Frost & Sullivan - ICT spending to reach EUR 50.90 billion in 2018; adoption of IT services and software systems to increase - IPCommunications.Frost.com
Demand for ICT Solutions in European Banking Sector to Remain Steady Despite Downturn Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2013/03/06 - ICT spending to reach EUR 50.90 billion in 2018; adoption of IT services and software systems to increase - IPCommunications.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The overall value of investments in information and communication technology (ICT) from the European banking sector is expected to remain almost unchanged over the next five years. Nevertheless, banks in Europe are likely to allocate more resources for IT services and software systems to enhance operational efficiency and customer-centric processes.

New analysis from Frost & Sullivan (ipcommunications.frost.com), ICT Market in European Banking Sector - Market Model 2012, finds that the market earned revenues of more than EUR 45.54 billion in 2012 and estimates this to reach EUR 50.90 billion in 2018.

Regulatory compliance, increasing focus on retail banking, and integration of customer interaction channels will necessitate the adoption of ICT solutions. The need for the assistance of technology vendors to ensure the accessibility and reliability of financial services will sustain market revenues.

"Regulations such as the Third Basel Accord compel banks to improve their liquidity management processes, further prompting them to install advanced ICT systems," said Frost & Sullivan ICT Industry Analyst Mario Fernandez. "Compliance requires banks to consolidate various information systems and install software platforms and applications to gain better visibility of their liquidity positions across different areas of business."

In addition, the rise in the number of customers using mobile channels and the number of accesses per customer through these channels is leading European banks to expand their mobile financial services. This will require investment in software and IT systems for front-end and back-end offices.

Despite these demands, European financial institutions are also tightening their budgets owing to the bleak economic outlook and higher requirements for minimum capital ratios. Banks’ spending on hardware and telecommunications services is likely to decrease due to the commoditization of these services and the intense competition among ICT vendors.

"Banks are looking for ICT solutions that will meet their needs with minimum impact on financial flexibility," noted Fernandez. "Therefore, ICT vendors must develop phase-based projects that will allow banks to determine the returns in each phase and record improvements in terms of efficiency and service quality."
Integrating mobile solutions with banks' current information systems will also enable ICT vendors to widen their consumer base in the European banking sector.

If you are interested in more information on this research, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

ICT Market in European Banking Sector - Market Model 2012 (M82F-63) is part of the Telecom Services Growth Partnership Service program. Frost & Sullivan’s related research services include: Cloud Computing in the European Banking Sector, ICT in European Financial Services: A CIO Perspective, Opportunities in the Micropayments Market, and The European Payment Processing Platform Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Demand for ICT Solutions in European Banking Sector to Remain Steady Despite Downturn Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Joanna Lewandowska 
+48 22 481 62 20 joanna.lewandowska[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

AXILSPOT Expands Operations to the Middle East and Africa
Radware Powers XO Communications New DDoS Mitigation Service
Columbia College Chicago Builds E-Learning Network on ADVA FSP 3000
Strategic Integration Partners Significantly Increases Cloud Sales 200% with The Evolve IP OneCloud™
AlgoMatch and Arista 7160 Series Drive Advanced Network Enforcement
DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business
ICSA Labs Affirms Radware's DDoS Mitigation Software and Testing Methodology
Verint Receives Frost & Sullivan’s Best Practices in New Product Innovation Award for Robotic Process Automation
NEC Participates in Global Wireless Summit 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)