In 2020, North American banks were expected to spend up to 40 percent of their IT budget on new technology, while European banks invested almost 30 percent. In the upcoming years, banks' expenditure on the new technology is forecast to grow in both Europe and North America.
Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022
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Deloitte. (December 3, 2019). Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022 [Graph]. In Statista. Retrieved February 06, 2025, from https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed
Deloitte. "Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022." Chart. December 3, 2019. Statista. Accessed February 06, 2025. https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed
Deloitte. (2019). Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022. Statista. Statista Inc.. Accessed: February 06, 2025. https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed
Deloitte. "Share of Banks' It Spending on New Technology in North America and Europe from 2013 to 2022." Statista, Statista Inc., 3 Dec 2019, https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed
Deloitte, Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022 Statista, https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed (last visited February 06, 2025)
Share of banks' IT spending on new technology in North America and Europe from 2013 to 2022 [Graph], Deloitte, December 3, 2019. [Online]. Available: https://www.statista.com/statistics/1112713/bank-technology-spending-investment-north-america-europe/?__sso_cookie_checker=failed
