Worldwide IT Services Market On Track to Grow 9 Percent in 2007

Despite the slowing U.S. economy, growth in IT services is expected to remain solid as worldwide IT services end-user spending is forecast to exceed $730 billion in 2007, up 8.7 percent from 2006, according to Gartner, Inc.

Core outsourcing (IT management and process management) remains the highest growth area in the market. In 2007, core outsourcing services are on track to represent 41 percent of total worldwide IT services end-user spending. Process management services are typically funded outside of IT budgets and IT management services replace internal IT spending, so growth in these outsourcing segments often occurs even in the face of restricted growth in IT budgets.

The development and integration (D&I) segment continues to exhibit steady growth fueled by regulatory and compliance initiatives, and a continued push for improved business change management and agile architectures driven by merger and acquisition activities. The worldwide D&I segment is forecast to reach $225 billion in 2007, up 9 percent from $206 billion in 2006.

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