London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the ICT spending in global capital market 2015-2019, which is expected to grow at a CAGR of 4.63% during the forecast period of 2014-2019.
The increasing need for automation and integration of the infrastructure is a major factor that drives growth in this market. Automation aid enterprises in deploying applications faster and in a risk-free manner. Automation provides superior depth of service and also enhances general services. Also, these automation solutions help firms to access the necessary tools, technologies, and infrastructure, which aids in systematizing multifaceted business processes into end-to-end solutions. This improves customer satisfaction by increasing the efficiency and reducing the overall cost.
“Legacy trading systems are not capable of keeping up with rapidly growing market volumes. In particular, the limitations of legacy messaging technology may prevent capital market firms from achieving required service levels, retaining existing clients, and generating revenue,” says Faisal Ghaus, Vice President of Technavio.
“In order to overcome this challenge, firms have started to replace costly in-house messaging solutions with a single unified system. This type of system helps capital market firms to enhance their trading applications with more reliable, modern, and ultrafast low latency messaging. The low latency messaging enables capital market firms to boost their application performance, productivity, efficiency, and reliability, and also reduce expenses.”
Key Market Drivers:
- IT Risk Management.
- Government Regulations.
- Increased Need for Automation and Integration.
- Modernization of Application and Data Management Systems.
- Increase in Smartphone and Tablet Users.
- Rapid Growth in Data.
Key Market Trends:
- Adoption of SEFs in Trading.
- Rise of Global Alliances.
- Low Latency Messaging.
- Increased Adoption of Third-generation Platform Technologies.
- HFT and Dark Pool Trading.
- Increased Adoption of BI Software.
Key Market Vendors:
- Cognizant
- CSC Corp.
- Dimension Data Holdings
- Fujitsu Ltd.
- HP Corp.
- IBM Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
