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Gartner : Banking sector to spend $13.2bn on IT in 2014

: Thursday, August 14 - 2014 @ 01:38

Gartner’s latest forecasts reveal that banking and securities companies in the MENA region will spend approximately $13.2bn on IT products and services in 2014, an increase of 2.7% over 2013. Gartner said that the latest forecast includes spending by banking organisations on internal IT services, IT services, software, data centre technologies, devices and telecom services, Arabian Business reported. The research house predicted that telecom services will be the largest segment in overall IT spending in the banking market, with MENA firms set to spend $5.7bn on telecoms in 2014 – an increase of 0.6% compared to 2013, Gartner said.

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Thursday, August 14- 2014 @ 1:38 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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