Reconciliation Solutions Market Overview 2011: Supply and Demand Evolves
Report Summary
Reconciliation Solutions Market Overview 2011: Supply and Demand Evolves
As demand for additional functionality grows, spending on reconciliation solutions will increase on a global basis, reaching US$520 million annually by 2014.
Boston, July 19, 2011 – A new report from Aite Group examines some of the key trends in the reconciliations market and analyzes the capabilities of leading reconciliation solution vendors. Based on in-depth vendor surveys and customer feedback, the report predicts that demand for additional functionality will drive global spending on technology solutions.
Reconciliation solution sales are returning to growth after a downturn in spending resulting from the credit crisis. Along with this growth, vendors are rapidly trying to adapt to an evolving marketplace. Clients now demand that these solutions help meet regulation and manage risk, support a wide array of asset classes and reconciliations processes, and keep up with increased global activity as a result of further globalization of financial markets. Aite Group expects that as demand for additional functionality grows, spending on reconciliation solutions will increase on a global basis, reaching US$520 million annually by 2014.
“Traditionally, spending on reconciliation solutions has been highest in the U.S. and European markets; however, Aite Group sees spending growth elsewhere today, especially in the Asian markets,” says Fritz McCormick, senior analyst with Aite Group and author of this report. “While the Asia-Pacific region accounts for slightly more than 10% of the current industry client base, we expect that number to grow significantly over the coming years.”
The report profiles and compares reconciliation solutions available from Broadridge, Caswil, Cosmos, Fiserv, Electra, Milestone, SmartStream, SunGard, SS&C, and Sterci.
This 49-page Impact Report contains 24 figures and five tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.