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World IT services market up 9.5%

The worldwide IT services market is on track to grow by 9.5% this year, says analyst Gartner.

Despite...

The worldwide IT services market is on track to grow by 9.5% this year, says analyst Gartner.

Despite the uncertain economic situation, the IT services market is expected to remain strong as worldwide IT services end-user spending is forecast to exceed $819bn (£409bn) in 2008.

Gartner expects the market to top $1 trillion by 2012.

Kathryn Hale, a Gartner analyst, said, "In the first quarter of 2008, results for the top nine providers came in above expectations, and several market leaders have expressed optimism for the remainder of 2008.

"In addition, the continuing decline of the US dollar has, and will continue to contribute to market growth as expressed in US dollars."

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