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Worldwide IT Services Revenue Grows to USD 793 bln in 2010 |
| Source: |
telecompaper.com |
| Source Date: |
Wednesday, May 04, 2011 |
| Focus: |
ICT for MDGs
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| Created: |
May 10, 2011 |
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Worldwide end-user spending on IT services totalled USD 793 billion in 2010, a 3.1 percent increase from 2009 revenue of USD 769 billion, according to a study by Gartner. IBM retained its number one market share position in IT services in 2010, with a revenue increase of 2.6 percent returning USD 56.4 billion in revenue and accounting for 7.1 percent of the market. With the weakest revenue performance in the top five, HP grew its IT services revenue less than USD 100 million, or 0.3 percent, in 2010. Fujitsu, at 3.5 percent annual growth in IT services and revenue of USD 24.1 billion, had a solid year in 2010 in US dollar terms. Accenture returned within the top ten in 2010, growing revenue USD 1.3 billion to USD 22.2 billion, a growth rate of 6.1 percent. CSC's growth in the past year was positive, but it was below market growth levels, at 0.6 percent, due in part, to an abnormally high level of delays in contract signings in both the federal and commercial sectors, as well as the impact of a US federal government business, where CSC generated 39 percent of its revenue. In a market that grew 3.1 percent in 2010, India-based vendors collectively grew 18.9 percent, increasing their market share from 4.8 percent in 2009 to 5.5 percent in 2010. Software support showed the highest growth in 2010 at 6.6 percent. Weak performances came from process management and hardware support, both of which grew approximately 1 percent less than expected growth.
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Worldwide IT Services Revenue Grows to USD 793 bln in 2010 Worldwide end-user spending on IT services totalled USD 793 billion in 2010 a 3.1 percent increase from 2009 revenue of USD 769 billion according to a study by Gartner
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