Wednesday, May 14, 2008

Gartner Says Worldwide IT Services Revenue Grew 11 Percent in 2007

Worldwide IT services revenue totaled $748 billion in 2007, a 10.5 percent increase from 2006 revenue of $677 billion, according to Gartner, Inc.

“This strong growth, combined with strong first quarter results for market leaders, runs counter to the gloomy and widespread economic concerns arising in the United States,” said Kathryn Hale, research vice president for Gartner’s worldwide IT services group. “Many providers are successfully selling buyer value propositions that external spending on IT services and solutions can help customers save money and be more productive, even in a profoundly uncertain economic climate.”

Across all IT services, IBM continued to be the worldwide market leader (see Table 1), with 7.2 percent of the market. IBM and Accenture delivered strong growth rates, 12.2 percent and 19.7 percent, respectively, and were the only companies in the top six that experienced revenue growth rates above the overall market average.More>>