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IT contractors are feeling more confident about both pay and opportunities, according to a study by giant group.

IT contractors are feeling more confident about both pay and opportunities, according to a study by giant group.

The recruitment group's report found that contractors in IT are predicting more opportunities will become available over the next 12 months, with many appearing in the financial services sector.

This demand can be partly attributed to increased legislation within the financial arena that is aimed to tackle reckless banker behaviour, that will help return the jobs market back to pre-recession levels, said giant.

The continued emphasis on regulation has meant businesses are now searching for talented specialists who can embed complex systems into existing infrastructure, giant said.

Giant's overall study found that the UK contracting arena has returned to pre-recession levels, with many professionals reporting more opportunities now than before the economic downturn.

As a result, contractors now place less emphasis on longer assignments, indicating they’re optimistic about the state of the employment market.

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Managing director of giant group Matthew Brown said: “It’s extremely encouraging to see such positivity amongst IT contractors, but it’s not entirely surprising."

He said: "The IT sector was always going to bounce back as technology is so deeply embedded in our everyday lives. It’s particularly interesting to note the shift in significance of job security.

"Pre-recession, contractors were selecting this as by far their most important factor in choosing a role. However professionals are now seeing increased opportunities in the market and want to secure the best rates as a result.”