Press Release

Banking Trends to Be Discussed At The Upcoming Gartner Symposium/ITxpo, November 15-18, in Goa

IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc. This forecast provides total enterprise IT spending for internal spending and spending data on data center, devices, software, IT services and telecom services.

IT services and software will both be the fastest growing segments at 12.6 percent in 2017, as firms in the banking and securities industry invest more in applications and business processes, specifically in business process outsourcing (BPO). The focus is on integrating the digital framework firmly into the banking and securities industry in India.

'The banking and securities industry is increasingly working towards investing in core banking solutions to transform the legacy systems. Additionally, we are also seeing a lot of investment from the banks to leverage digital technologies to enhance the customer facing platforms,' said Moutusi Sau, principal research analyst at Gartner.

Further information on banking and securities industry IT spending is available for Gartner clients in the report: 'Forecast: Enterprise IT Spending for the Banking and Securities Market, Worldwide, 2014-2020, 3Q16 Update '. The banking and securities industry forecast provides total enterprise IT spending, including internal spending and multiple lines of detail surrounding spending on data center, devices, software, IT services and telecom services for 43 countries within 11 regions.

About Gartner Symposium/ITxpo

Gartner Symposium/ITxpo is the world's most important gathering of CIOs and senior IT leaders, uniting a global community of CIOs with the tools and strategies to help them lead the next generation of IT and achieve business outcomes. More than 23,000 CIOs, senior business and IT leaders worldwide will gather for the insights they need to ensure that their IT initiatives are key contributors to, and drivers of, their enterprise's success.

Follow news, photos and video coming from Gartner Symposium/ITxpo on Smarter With Gartner, on Twitter using #GartnerSYM, and on Facebook and LinkedIn.

Upcoming dates and locations for Gartner Symposium/ITxpo include:

November 6-10, Barcelona, Spain

November 15-18, Goa, India

February 28-March 2, Dubai, UAE

Contacts

Gartner Inc. published this content on 27 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 October 2016 13:51:05 UTC.

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