According to one of the latest reports of IDC, the information technology market research firm, the global IT services spending by companies is expected to increase at a compound annual growth rate of 5.8% and will reach $587 billion at the end of the decade. At the same time, companies are projected to increase worldwide spending on information technologies at a compound annual growth rate of 6.3% with the spending to reach $1.5 trillion in 2010.
In three years, says IDC, the global software spending is expected to increase at a compound annual growth rate of 7.7% to reach $327 billion. Also, IDC sees the hardware market to reach $562 billion by 2010. This figure is driven mainly by enhanced demand from such sectors as the consumer, home business, communications, and government. Especially, IDC projects increased spending on volume servers, peripherals, storage, and networking equipment worldwide.
More money is expected to be spent on IT services at the end of the decade. With a compound annual growth rate of 5.8% it will reach $587 billion in 2010, IDC says. Government, banking and discrete manufacturing sectors are expected to show the highest spending.
See also: World’s IT outsourcing in Q2 2011
77% clients of IT outsourcing claim to be overcharged. How to be among the happy 23%?
It seems you’ve thought this out much. I wish I could say the same but BPO work is very hectic though enjoyable.