Services spend on the up says Ovum

Global Market Trends 2010: IT Services Forecast says the Asia Pacific market is rebounding after suffering slightly during the recession. Growth is likely to top 9% in 2015. The study predicts IT services spend will hit US$205 billion by 2015.Hansa Iyengar, senior analyst with Ovum’s market intelligence team, says enterprise customers throughout Asia Pacific who had curtailed their spending and put many ‘transformative’ projects on the back-burner during the economic downturn have now started investing for growth again. "A large proportion of the growth will be driven by applications and consulting engagements with enterprises aiming to upgrade, transform and modernise their IT environments in order to support the rapid expansion being experienced in the majority of the region’s economies,” Iyengar saysCoinciding with the release of the report, Ovum also released a new market share analysis of the top 30 IT services vendors in the region, showing Fujitsu retaining the number one slot in terms of IT services revenue in 2010, with a market share of 13.9%.Global vendors continued to be major representatives in most markets across the region, with the exception of Japan which favoured large domestic providers.Global Market Trends 2010: IT Services Rankings and Market Shares says many of the regional and local players continue to display strong growth in core areas of expertise and industry-specific offerings, especially areas such as financial services, telecommunications and mining."A key trend worth noting is the growth in leveraging consulting services to define and align strategic plans and longer-term operational roadmaps, prior to committing to multi-year strategic engagements,” says Jens Butler, principal analyst with Ovum’s IT services team.