target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Presentation - Doc Document number: # US50772924
Industry Market Forecast: Worldwide Banking, 2024
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Abstract
This Industry Market Forecast provides technology suppliers with an overview of the worldwide banking spending for digital transformation (DX) and insights into the market context influencing that spend for 2024.
This allows readers to understand banking DX spending in the context of the total DX spent and highlights how banking institutions are investing across industry-specific DX strategic priorities.
By looking at the size of the regional market and the top growing use cases, tech supplier executives can better evaluate:
- Areas for investment in products or services development
- Sales and marketing campaign prioritization
- Market penetration
Used in combination with the other IDC Industry Intelligence reports, this document can help tech providers gain a competitive advantage.
"Technology spending growth remains strong in the banking sector, with banks around the world dedicated to a myriad of ongoing DX initiatives. Customer experience enhancement continues to be a top area of spending focus, with banks seeking to provide benefits, such as enhanced digital banking offerings and deploying new financial products and services faster to their clients. Now more than ever, banks are working closely with their technology partners to develop their competitive advantages through digitalization initiatives," says Abhishek Kumar, associate research director, IDC Financial Insights.