Networking technology set for growth

Financial services sector leads the market in investing for growth

Investment in network technology, tele/video conferencing, cloud computing and SaaS technology is set to boom in the financial services sector as it recovers from the economic downturn, according to research.

According to networking company Brocade, this will enable organisations to keep pace with the changing business landscape and will need proven, reliable infrastructure providers to help them tackle their shifting network needs.

Paul Phillips, Regional Director UK and Ireland, Brocade, stated: “BT Global Services conducted a detailed market survey with a number of senior personnel across a broad sector of UK business and it found that the financial services sector was investing in new networking technologies at a faster rate than many others.”

According to the research 92 percent of respondents stated that they were investing in at least one of the following: network technology, tele/video conferencing, cloud computing and SaaS technology.

Significantly the survey found that just over half of financial institutions indicated that they were already investing money in faster, more reliable network technology to speed up their recovery from the economic downturn.

“This indicates to us that the investment being made in networking technologies is designed to deliver leaner, cost-effective infrastructures, designed to complement existing business models. Amongst CIOs in the financial services sector there was a desire for proven, reliable technology providers to help them deliver against their future network infrastructure needs.”

“What is clear is that despite the economic downturn many in the sector are now investing in networking technology to improve efficiency in their businesses to help them maximise profitability as and when the recovery starts,” added Phillips.

“Data is, after all, the enterprise’s most valuable asset. Brocade is focused on helping businesses connect, manage, protect, and profit from their critical data - delivering networking technology to solve the most difficult business challenges.”

Brocade’s proven expertise in data centre networking enables it to align the IT infrastructure with strategic corporate objectives and network performance goals.

Network infrastructure needs to quickly and efficiently transform with the ever-changing business environment. Brocade delivers end-to-end, enterprise-class solutions that allow organisations to adapt with agility and perform without compromise.

Brocade develops extraordinary networking solutions that enable today’s complex, data-intensive businesses to optimise information connectivity and maximise the business value of their data. For more information, visit