$90 billion in 2015, Financial Markets Worldwide IT Spending: Report

IT spending by Financial Markets to notch $90bn up to 2015: Report

IT spending by financial markets and industry growth in the first class strong in Asia Pacific (APAC) and Redux in the world in 2015, driven by $ 90 billion (about Rs 4,04,813 crore) in the field of hedge funds, an independent analyst of technology at Ovum predicted.

Fastest growing IT spending, accounting for $ 18000000000 in some financial markets (about Rs 80,945.93 crore) and profit growth Asia Pacific region is due to the transfer of power in the region according to Ovum, the global enterprise.

In China, IT spending by 8.8 percent between 2011-2015 growth rate (CAGR) will grow. Similarly, Hong Kong 7.1 per cent, 8.1 per cent during the same period and Singapore will experience a compound annual growth rate. Despite the low amount of investment, growth in the United States more than three years the compound growth rate of 5.8 percent, respectively, 6, and the United Kingdom and Ireland.

Daniel Mayo, the technology market, a financial analyst with Ovum, said. "The biggest growth markets, Asia Pacific will be at the forefront of this change is mainly due to global companies Due to the growing economic power, cities such as Beijing, London and New York" the power of decision making. "

In addition, the countries in the IT industry in Asia-Pacific hedge funds in 2015 to 14 compound annual growth rate percent will increase spending in 2011. This is the fastest growing in all areas, and after the 2008-09 economic crisis, hedge funds and investors looking for high performance market is driven by the recovery.

May said. "A financial crisis has affected the market coverage of the Global Fund because investors after following his devastating performance, a significant drop in investments in 2008 and 2009, however, the market. Asia Pacific in 2011 investors is much more powerful and more important as an engine of growth in the sector is set in search of higher returns. "

According to May, all regions and lines of business investment companies in the financial markets can provide a more transparent and more appropriate risk management and information systems are made with these new industry regulations such as Basel II.