The IT services market is expected to weather the current economic storm and remain strong, according to Gartner.
End-user spending is to exceed $819 billion (£409 billion) in 2008, a growth of 9.5 per cent from 2007, predict the analysts.
However, the first half of 2008 has shown mixed results, with both optimism by some and delays in projects for others.
‘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,’ said Gartner’s research vice president Kathryn Hale.
‘However, at the recent Gartner Outsourcing Summit in Washington DC in May of this year, some providers indicated that some outsourcing contract signings are being delayed and some projects are being placed on hold.’
Core outsourcing is still the largest growth area in the market, with core outsourcing services in 2008 set to make up 42 per cent of all IT services end-user spending.
Consulting and development and integration are growing steadily due to a demand for cost reduction.
These areas are forecast by Gartner to reach $327 billion (£163 billion) in 2008, a growth of 10.1 per cent from 2007.
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