Monday, 15 June 2009

IT services growth revised

(By Richard Holway 9.00pm 15th June 09) Further to our report last week – Gartner cuts global IT forecasts –IDC has now lowered its forecasts for European IT services growth "by one percentage point – from plus 0.6% to minus 0.6%". (Note - before you point it out, that's actually a 1.2% difference. Hope the rest of IDC's maths is more accurate!) “Looking beyond 2009, IDC foresees a slow recovery to start in 2010 - with a modest 1.3% growth”. Support & Training and Project Services will be badly hit with 4.8% and 3.0% declines respectively. But outsourcing is still growing – plus 4.2%.

TechMarketView has been forecasting a decline in UK IT Services in 2009 for some considerable time. We do not see any uptick until H2 2010. It is interesting to see all the other forecasters now catching up with us! More details in our MarketViews report issued earlier this year and available only to TechMarketView’s customers

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