We expect total bank technology spending in Canada to grow by 8.8% in 2022, continuing a five-year trend of fast growth. Annual growth will remain relatively unchanged through the remainder of the forecast period, settling at 8.6% in 2026, but a shortage of skilled tech workers could derail plans to increase spending.
KeyQuestion:What trends and challenges are influencing banks to maintain high levels of technology spending?
KEY STAT: Canada bank technology spending will hit C$9.29 billion ($7.41 billion) in 2022 and grow to more than C$12.91 billion ($10.30 billion) by 2026.
Here’s what’s in the full report
1file
Exportable files for easy reading, analysis and sharing.
4charts
Reliable data in simple displays for presentations and quick decision making.
Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost.