Financial services spend $455 billion on IT in 2015

The financial services industry has spent $114 billion on mobility, cloud, and big data and analytics (BDA) technologies in 2015.

The total IT spending of the global financial services industry was $455 billion.

This indicates that more than 25 percent of IT budgets by financial services industry is on these three technologies in 2015.

According to the IDC report, this will increase to almost 30 percent by 2019.

IDC says mobility is seen as an enabler to increasing sales, improving productivity, and delivering customer and employee satisfaction.