Leading research firm, Gartner, in its forecast predicted that the IT spending by banking and securities firms in the Middle East and North Africa will grow by 3.5 percent to reach $12.4 billion mark. This forecast provides total enterprise IT spending for internal spending and spending data on data center systems, devices, software, IT services and telecom services.
Software spending continues to have the fastest growth rate at 9.5 percent, followed by data center systems at 6.7 percent. Commenting about the forecast Moutusi Sau, principal research analyst at Gartner said “IT spending has been dampened by uncertainty in the global scenario. But, data center systems are making a comeback in banking and securities as banks are investing in core applications and servers.”
