Gartner Research

Market Trends: SaaS Adoption in Banking and Investment Services

Published: 19 December 2011

ID: G00226032

Analyst(s): Lisa Kart

Summary

Recent Gartner data provides insights into software-as-a-service adoption of banking and investment firms, with indications that demand for SaaS, particularly among small and midsize businesses, will increase in 2012.

Table Of Contents
  • Overview

Trends in the Market: Current SaaS Use

  • Banking and Investment Service Firms Use SaaS in Noncore Areas
  • Ease of Deployment and Lower TCO Are Top Reasons for Choosing SaaS

Market: Planned SaaS Adoption

  • BIS Firms Resist SaaS in Mission-Critical Areas, but Demand Is Growing
  • Platform as a Service Is Important When Selecting a SaaS Provider

Buyers: Executives at the Center of SaaS Purchasing Decisions

Contrarian View: If SaaS Providers Fail to Address Industry-Specific Requirements, Then They Will Not Capitalize on Increased Demand

Vendors to Watch

Conclusions

Recommended Reading

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