IT contractors are expecting a wage rise for the third year in a row according to research carried out by recruitment firm giant group.

Results from giant's latest survey indicate 64 percent of IT contractors are predicting an increase in wages in 2014, up from 63 percent last year and 62 percent in 2011, "indicating growing confidence in the contracting market", said giant.

A further 81 percent have reported the average gap between their assignments stands at only 0-31 days, again, representing an increase on the previous two years and "reflecting the growing number of opportunities available in the IT industry as organisations look to build on their existing infrastructure", giant said.

In 2012, 79 percent reported an average gap of 0-31 days between assignments while in 2011 this stood at 77 percent.

Matthew Brown, managing director of giant group, said: "What can be seen here is continued growth, representative of increasing confidence in the contractor market.

"The results aren't entirely surprising as many organisations are increasingly looking to update their IT systems. Experienced contractors will be needed to handle system migration projects."