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Media: Computer Weekly records Year-on-year Fall in IT Services


Source: ComputerWeekly.com, 21 May 2003
Submitted by Ann Light

The IT services market suffered its first decline last year, according to Gartner, reports Computer Weekly. Preliminary results from Gartner show that global end-user spending on IT services in 2002 totalled $536bn (£333bn), a 0.6% decline from 2001.

Project-based services suffered particularly because companies avoided large or technologically challenging projects, and because of price pressure on commodity-like work, which was further driven by growth in offshore services, said Kathryn Hale, principal analyst for Gartner's worldwide IT services group.

IT services revenue for western Europe slipped 0.1%, compared with a 1.1% decline in North America.

 


External link to another web site Associated Link:
Gartner: Worst year so far for IT services industry

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