
Global IT spending by financial services firms is set to reach $357.4 billion in 2010, an increase of 2.9% over 2009, according to research from Celent.
Firms in Europe account for 36% of the overall figure.
Maintenance continues to be the largest area of expenditure, accounting for a massive 72.7% of total IT spend in 2008 although this figure is predicted to fall to 70% in 2012.