April 27, 2004
Services Market Sizing Update: 2003-2008
with Andrew Bartels, John C. McCarthy, Julie Giera, Bill Martorelli, Robert McNeill
Executive Summary (This is a document excerpt)
The market for IT services and IT outsourcing has begun picking up, but not as quickly as Forrester originally anticipated. Forrester now expects the IT services and outsourcing market to grow at a compounded annual rate of 6%, rising from $184 billion in 2003 to $241 billion in 2008. IT consulting weathers the downturn of the past three years to grow 5% through 2008. Applications management leads the outsourcing growth, while mainframe revenues begin to decline after 2006. Some of the changes in our outlook come from refinements in Forrester's methodology for forecasting the IT services market. However, more significant are market shifts like decreased interest in outsourcing packaged apps like enterprise resource planning (ERP) and slower outsourcing adoption among small and midsize firms.
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What It Means
Alternative View
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Forrester surveyed 161 firms in January 2004 regarding their services spending plans for this year. We also relied heavily on Forrester's Business Technographics® data for user plans, spending, and industry information. Forecast predictions for 2003 were validated against public financial statements of the major IT services providers. Related Research Documents
March 25, 2004, Trends
March 11, 2004, Trends
December 16, 2003, Brief
December 27, 2002, Report December 19, 2002, Planning Assumption |
Buyers Dole Out IT Services Dollars Slowly And Carefully
Methodology Changes Cause Shifts In Consulting And Integration NumbersFind Documents In Related CategoriesThis document falls under the following categories. Click on a link below to find similar documents.
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Original air date: Friday, May 08, 2009
Special Features
2 Forecasts
Research on future technology trends or innovation
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