Financial services organisations are forecast to spend almost £350m on software development tools in 2015. Banks & finance houses will dominate the sector with expenditure of £200m. At little over half that amount will be invested by auxiliary financial & insurance institutions such as those providing security, commodity and insurance brokerage services. Life and general insurance companies are each expected to spend under £20m.
Source: IT & Telecom Spend - 80 Industry Sectors (www.kewassociates.co.uk)
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