The booming financial services sector will once again dominate demand for IT contractors in 2007, according to the latest research from Giant Group, the contract services provider.

A quarter of IT contractors now work within financial services, the highest percentage since the survey began in 2003.

The survey, with more than 2,500 respondents, reveals that almost a third (30%) of IT contractors believe that the financial services sector will provide the most career prospects this year, up from 28% the same time last year.

Matthew Brown, managing director of Giant Group, says: “The continuing boom in merger and acquisition activity and increased transaction volumes is leading to higher demand for IT contractors within investment banks and hedge funds. Investment in IT systems is focussed on cutting the cost of each transaction, thereby enhancing competitive advantage.”