IDC Financial Insights Unveils Risk Technology Spending Forecast

FRAMINGHAM, Mass., November 7, 2011 – IDC Financial Insights today released the second in a series of reports that forecast Risk Technology spending across the banking, capital markets, and insurance sectors. The newest research report entitled, Worldwide Risk Technology Spending – 2011 Analysis and Forecasts (Doc #FIN230641), provides a uniquely comprehensive, fact-based-view of how to categorize technology spending throughout seven risk submarkets, including enterprise risk management and infrastructure, liquidity and asset liability management, market risk and trading, compliance and control, credit risk, financial crimes, and information security.

According to this new research, IDC Financial Insights forecasts worldwide IT spending pertaining to risk functions (as defined in the report) will reach over $74 billion by 2015. In addition, the research concludes that growth in IT spending on risk management will outpace the growth of overall IT spending in financial services, and will top 15% of total IT spending in financial services in 2012. IDC Financial Insights outlines several key drivers that are fueling growth in risk-related technology and services investments, including regulatory uncertainty and compliance demands, mandates to improve overall corporate governance and financial performance across the financial enterprise, and the need to modernize and protect critical risk management infrastructures. The report, which follows an earlier report, Business Strategy: Enterprise Risk Management Domains, Subdomains, and Markets (Doc #FIN229436), outlines the taxonomies and definitions for spending analysis, and can be used by risk managers and IT executives as a way to organize their own internal analysis of risk management assets and identity gaps and areas where new investments should be considered.

"With this research, our clients are telling us that we have filled a previously un-met market need – and we agree," said Michael Versace, Global Risk Research Director at IDC Financial Insights. "The goal of this research is to define and measure the risk technology market in a user-oriented, holistic manner, including the hardware, software, internal and external services that support core risk disciplines in financial services. And although our macro-economic assumptions continue to point to downward pressure on overall IT spending in financial services, in our estimation, the risk technology market is large and still growing at a good clip."

IDC Financial Insights will expand this body of research to other areas of risk IT spending including market and reference data, advisory services, and physical infrastructure protection. In addition, IDC Financial Insights plans to release specific regional breakouts within advanced and emerging markets, and tiering views of the forecast as part of the global 2012 financial services research agenda.

Commentary on this research can be found at IDC Financial Insights Web Replay. For additional information about this study, or to arrange a one-on-one briefing with Michael Versace please contact Sarah Murray at 781-378-2674 or Reports are available to qualified members of the media. For information on purchasing reports, contact; reporters should email

About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit, email, or call 508-620-5533. Visit the IDC Financial Insights Community at


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