2006-2007 Annual Report on IT Application Market in China's Banking Industry

In 2006, IT application got into the maturity period in China's banking industry, experiencing the gradual transition from the stage of data concentration to application integration and financial innovation. Being aware of the importance of IT planning and integration, banks embarked on overall planning on IT application and deep exploration, with growing demand for professional services, such as IT consulting, education and training. In 2006, hot spots in IT application mainly included online banking, follow-up systems for data concentration, disaster backup, information security and IT outsourcing. Upgrade of core business system remains the key area of IT investment.
From 2007 to 2008, IT investment is expected to keep growing in the banking sector. Large projects such as banks' data concentration in the final stage, and the deployment and upgrade of banks' core business systems ensure continuous growth of IT investment in this sector. With the entry of foreign banks, Chinese banks need to invest heavily to implement IT application.
To answer hot issues such as the present situation of IT application in the banking industry, market situation and future market opportunities, We releases the 2006-2007 Annual Report on the IT Application Market in China's Banking Industry. It is aimed to help IT vendors, banks' clients and investors grasp more accurately the situation and basic characteristics of the IT application market in China's banking industry, and provide strategic recommendations for IT vendors to better seize opportunities:
The report sums up the development environment of the IT application market in China's banking industry in 2006 in the respect of policy environment, business development, and competition and economic operation situation in the industry.
On the basis of scientifically designed and prudently implemented market surveys, it presents exhaustive analysis of application of IT products in China's banking industry, including the size and structure of investment in key products, brand distribution and application characteristics. It also analyzes and sums up the deployment of IT systems in the industry in 2006.
Moreover, it examines the present situation and future trend of IT application market, and assesses the market competitiveness of leading vendors and growing vendors.
After analyzing the present situation of the market and assessing opportunities and vendors' competition behavior, the report puts forward highly operable and feasible recommendations for IT vendors in mapping out competition strategy.
Enterprises involved: IBM, HP, Sybase/Digital China, Pansky, Hisuntech, Nantian, Lenovo-AsiaInfo, Sunyard, Longtop, FounderOrder, Unifisoft, etc.