Financial services industry generates most server revenue

Financial services sector accounted for over a quarter of server sales in 2006

Research analyst Gartner finds financial services is largest server revenue generator

The financial services industry spent more on servers than any other sector last year, according to analyst Gartner.

The sector generated 25.1 per cent of worldwide server revenue in 2006.

The communication market was came second at 13.5 per cent of global server revenue and the government sector came in third with 11.5 per cent.

‘The financial services market has been the investment leader for all IT spending and the server market is no exception,’ said Kiyomi Yamada, senior research analyst at Gartner.

‘In 2006, many financial institutions faced challenges for operational risk management and regulatory requirements. This led to structural changes, and this, in turn, resulted in more server sales,’ said Yamada.