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Tag: Optical Networking

Insight Research Corp. study says Financial Services Firms to Spend $1 Trillion on Telecom Services Over Next 5 Years

MOUNTAIN LAKES, N.J. /eNewsChannels/ -- 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 Insight Research Corp. 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.