Banks spend most on servers

The financial services industry outdid all other sectors in its spending on servers last year, accounting for 25.1% of worldwide server spend in 2006, according to analyst Gartner.

The financial services industry outdid all other sectors in its spending on servers last year, accounting for 25.1% of worldwide server spend in 2006, according to analyst Gartner.

Gartner said the sector covered investment services, banking and insurance.

The communications server market was a distant number two for global server spend, accounting for 13.5%, and the government market was the number three vertical with 11.5% of total server spend.

"The financial services market has been the investment leader for all IT spending, and the server market is no exception," said Gartner analyst Kiyomi Yamada. "In 2006, many financial institutions faced challenges for operational risk management and regulatory requirements. This led to structural changes, and this, in turn, resulted in more server sales."

IBM was the leading supplier in the financial services market, taking 44.6% of all server revenue in 2006. HP was number two in this market with a 26.7% share, followed by Sun Microsystems in third place.

 

Comment on this article: computer.weekly@rbi.co.uk

 

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