Aite Group measures North American bank technology executives’ admiration of 79 vendors in eight technology categories to gauge future purchase consideration. IBM is the most admired vendor in 4 out of 8 categories examined.
A new report from Aite Group, LLC provides insight into the technology vendors most admired by bank technology executives in eight bank-specific and horizontal technology areas: IT services, core banking, server hardware, database software, business intelligence, business process management, storage services, and security information and event management. The report is based on an online survey of 80 North American technology executives, conducted by Aite Group in July and August 2009.
Because of diminished spending due to the recession and the fact that not all technology areas lend themselves to recurring spending, Aite Group asked participants which companies they most admire as a proxy to gauge future purchase consideration. Aite Group measured North American bank technology executives’ admiration of 79 vendors, and found that IBM is the most admired vendor in four out of eight examined categories. It is clear that despite massive consolidation in the bank-specific and horizontal technology marketplaces in recent years, the technology industry remains fragmented, with hundreds of vendors competing for attention.
"Aite Group’s research did not yield a category in which a majority of technology executives agreed on a single, most admired vendor," says Gwenn Bézard, research director with Aite Group and co-author of this report. "This is not a sign that vendors are doing a poor job. On the contrary, it indicates that vendors face savvy buyers, leaving little room for anything less than outstanding engineering, sales and marketing, and delivery."
The following 79 technology vendors are named in this report: Accenture, Affiliated Computer, Appian, ArcSight, BearingPoint, Brocade, CA, CapGemini, CGI, Cisco, Cognizant, CSC, DATAllegro, Dell, Deloitte, elQnetworks, EMC (RSA), Fidelity Information Services (FIS), Financial Objects, Fiserv, Fujitsu, Graham Technology, Greenplum, Handysoft Global, Harland Financial Solutions, HCL, Hitachi, HP (HP-EDS; HP Neoview), IBM (including Cognos), Infosys, Intelliactics, Jack Henry, Keane, Kognito, L&T Infotech, Log Logic, Logica, LogRythm, Lombard Software, Mastek, Metavante, Microsoft, Microstrategy, Misys, MySQL, NetApp, Netezza, netForensics, NetIQ, Nitro Security, Novell, OpenService, Open Solutions, Oracle (including Oracle/i-flex; Hyperion; BEA Systems), Patni, Pegasystems, Polaris, Prism Microsystems, Q1 Labs, Quest Software, Sand Technology, SAP (including BusinessObjects), SAS, Savvion, SenSage, Software AG, Sun Microsystems, SunGard, Sybase, Symantec, Syntel, Tech Mahindra Satyam, Temenos, Tenable Network, Teredata, TIBCO Software, TriGeo, Unisys and Wipro.
This 46-page Impact Note contains 40 figures and tables. Clients of Aite Group’s Retail and Wholesale Banking services can download the report at the Aite Group web site.