Deep Research on “Global IT Spending by Investment Banks” To calculate the overall market spend on IT by investment banks, this report considers revenues generated from the sale of servers and storage, and networking equipment under the hardware segment. Under the software segment, application software and infrastructure software are taken into account while process management, hardware and software support are covered in the IT services segment.
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The global IT spending in investment banking is primarily driven by changing worldwide regulation compliances. This research report predicts that the market will account for USD 85 billion in terms of revenue over the next four years.
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Technavio’s market research analysts estimate the global IT services spending in the investment banking sector to be a little over USD 41 billion in revenues in 2014. The market is witnessing a surge in the demand for cloud computing with investment banks shifting to a more customer-driven environment. The implementation of cloud technology has significantly improved banking standards and helped investment banks gauge the client’s perspective.
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