IT spending for the Middle East and North Africa will rise to $12.4 billion in 2017 for banking and securities companies. This represents a 3.5% rise when compared to last year, according to a Gartner report.
The report also forecasts a rise in software spending, with a growth rate of 9.5 %, plus a rise in datacentre system spending of 6.7 %.
According to Moutusi Sau, principal research analyst at Gartner, datacentre spending is making a comeback in banking and securities as banks are investing in core applications and servers.
