Menu
Menu
Ovum: ANZ IT services market to recover

Ovum: ANZ IT services market to recover

Growth above 4.5 percent predicted

The ANZ IT services market is due to grow over $14 billion by 2013 according to analyst firm Ovum’s latest report entitled ANZ Market Trends 2009: IT services forecast. This is being driven by growth in Australia and the region passing through the economic downturn. Principal IT services analysts Jens Butler says a high level of interest is being shown by IT services vendors in the ANZ market from a consulting-led view and a drive into more non-traditional verticals.

“Of the OECD economies, ANZ is currently leading the pack in terms of economic performance and will see further influx of investment that will drive the services market to pre-recession growth levels by 2011.”

She says the recession did impact the IT services market in ANZ to some extent, spread across a number of sectors and services, with consulting being hit relatively hard.

“However, this area has rebounded strongly towards the end of 2009 within a number of key verticals and is leading the investment charge into 2010.”

Butler adds that infrastructure outsourcing and support services have shown consistent strength over the past couple of years and been the “safe harbour’ for many service providers during the financial crisis, with the top five vendors having increased their proportion of the overall market to over 50 percent.

“Overall, this reflects a relatively rosy picture for the region’s second largest IT services market and with the upswing in confidence within the business community, it does bode well for ANZ going forward.”

Join the CIO New Zealand group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags ovum

Show Comments

Market Place