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Global IT labor market may receive boost from growth
15 June 2011
Return to index
Steady growth is forecast for the international
IT
services
industry
during the coming four years, new figures have revealed.
Data from analyst Ovum suggested the global market will expand by an average rate of 4.4 per cent a year over the period in question, which could result in new jobs for professionals in the sector.
According to a report by the organization, the
IT
services field will return to "healthy growth" of 4.5 per cent by 2013, significantly higher than the sub-two per cent expansion recorded in 2010.
Business process outsourcing will be the strongest part of the
industry
during the coming years, Ovum predicted, adding that IBM, HP and Fujitsu will be the companies leading the
industry
.
Ovum analyst Dr Alexander Simkin said: "The market for
IT
services is gradually recovering from the economic downturn … By 2013, we expect to see a return to pre-recessionary levels of growth."
In the US, the TechServe Alliance has reported that
IT
employment continued to increase in May 2011, although the pace of expansion slowed slightly.
Posted by Lee Thrace
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