Client spend in BFSI, health care to hit IT outsourcing opportunity

Within the BFSI vertical, while banking segment is going through a slow growth phase, client spend on the insurance segment remains strong

Software services firms globally are likely to see a sluggish demand in the banking, financial services and insurance (BFSI) space, along with health care vertical in the current financial year. 

Industry experts are of the opinion that while rising pace of insourcing by banking clients apart from consolidation in the banking sector are seen as primary reasons behind this slow growth in demand, lingering uncertainty after scrapping of Obamacare is likely to pull down growth figures in the health care vertical.

“We believe that there is going to be continued weakness in the banking and health care segments. Service providers