Boston, MA -- (SBWIRE) -- 11/03/2014 -- This report presents the findings from a survey of 136 retail banks regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how retail banks currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

Key Findings

- Kable's survey shows that retail banks are spending a significant portion of their ICT budgets (X%) on ICT hardware.

- In 2014, X% of retail banks are planning to increase their overall ICT expenditure (both slightly and significantly) in compliance and operational risk management.

- Online banking has been assigned the highest investment priority by retail banks, as X% of respondents consider it as one of the top three IT projects in 2014.

- This report presents the findings from a survey of 136 retail banks regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how retail banks currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting..

- The report illustrates the core technologies enterprises are investing in, including business intelligence, mobility and cloud computing. The survey also highlights the approach adopted by retail banks to purchase technology. Through Kable's survey, the report aims to provide better insight to ICT vendors and services providers when pitching their solutions to retail banks.

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In particular, it provides an in-depth analysis of the following:

- Understand how ICT budgets are set to change in 2014 in terms of their overall size.

- Appreciate how IT budgets are allocated across the core elements of IT spend, including hardware, software, services, communications, and consulting.

- Learn how IT money is being spent in areas such as the data centre, applications, IT management and the network.

- Gain an understanding regarding which ICT functions retail banks are interested in outsourcing.

- Identify retail bank's investment priorities based on their budget allocations across core technology categories such as business intelligence, mobility, and cloud computing.

- Learn about the drivers that are influencing retail bank's investments in each technology category.

- Establish how retail banks' IT budgets are currently allocated across various segments within a technology category.

- Gain insight into how retail banks plan to change their ICT budget allocations across various segments within a technology category.

- Understand the vendor mindshare for various core and advanced technology categories.

- Provides insight into retail banks' preferred buying approaches.

- Comprehend the business and IT objectives that retail banks are looking to achieve through their IT investment strategies.

- Understand the factors that are influencing retail banks' decision to select an ICT provider.

Reasons to Get This Report

- This report will help readers to understand how the retail banking ICT landscape is set to change in 2014.

- Gain a view as to how ICT money is being allocated in your target audience.

- The report covers a detailed breakdown of the opportunities within each of the core areas of ICT spend (hardware, software, IT services, telecommunications and consulting.)

- The report will help users to gain a view of the current strategic objectives of retail banks.

- The report will provide a detailed breakdown of the opportunities within selected technology categories (business intelligence, mobility, and cloud computing).

- Understand the factors that are influencing retail banks' decision to select an ICT provider.

- Gain a view as to the business and IT objectives retail banks are looking to achieve through their ICT investment strategies.

Companies Mentioned in this Report: Amazon web services, Apple, ATandT, BT, Deutsche Telekom/T-Systems, Google, HP, IBM, Information Builders, Microsoft, Microstrategy, Nokia, Open source BI, Oracle, Orange, Rackspace, RIM, Salesforce.com, SAP, SAS, Tibco Spotfire, Verizon, Vodafone

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