Financial Services Companies Will Spend $1 Trillion on Telecommunications Services and Equipment Over The Next Five Years, Says Insight Research
MOUNTAIN LAKES, N.J., Jan. 14, 2013 (SEND2PRESS NEWSWIRE) — The global financial services industry is expected to spend just over one trillion dollars over the next five years on telecommunications services and equipment, says a new market analysis report from The Insight Research Corporation. According to the new market study, spending on telecommunications by Wall Street companies, banks, insurance companies and others in the global financial sector is expected increase at compounded rate of 9.9 percent.