Global IT Spending Set to Rise

In the report, entitled IT Spending in Financial Services: A Global Perspective, the authors estimate that the North American market will experience a 3 percent growth in spending over the 2009 level to $32.7 billion. Europe and Asia-Pacific will see between 2 percent and 4 percent growth in annual IT spending of $23.6 billion and $12.8 billion, respectively.

"Last year saw a tremendous amount of cutting on new investments and even maintenance projects," says David Easthope, a senior analyst with

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