comscore IT spending by banking, securities firm in India to reach $7.8 billion in 2017: Gartner
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IT spending by banking, securities firm in India to reach $7.8 billion in 2017: Gartner

The IT spending by banking and securities firms in India for 2017 is an increase of 8.6 percent from 2016. Gartner’s report further says that IT services and software will be the fastest growing segments at 12.6 percent in 2017.

  • Published: October 27, 2016 3:30 PM IST
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IT spending by banking and securities firms in India will reach $7.8 billion in 2017, an increase of 8.6 percent from 2016, a new report said on Thursday. This forecast provides total enterprise IT spending for internal spending and spending data on data centre, devices, software, IT services and telecom services, said the market research firm Gartner. Also Read - WhatsApp violates Indian users' rights by denying dispute resolution claims Centre

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“The banking and securities industry is increasingly working towards investing in core banking solutions to transform the legacy systems,” said Moutusi Sau, Principal Research Analyst, Gartner, in a statement. IT services and software will be the fastest growing segments at 12.6 percent in 2017 as firms in the banking and securities industry invest more in applications and business processes, specifically in business process outsourcing (BPO), the report said. Also Read - Why Indian engineers are missing the mark for the jobs they set out to pursue

 

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  • Published Date: October 27, 2016 3:30 PM IST



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