22/08-07   -   Pressemeldinger

2006 a Strong Year for Norwegian Project Services Industry, Says IDC

Acccording to a new IDC study, 2006 was a strong year for the Norwegian project services industry, with growth of 7.3% and a total market size of NOK 7.55 billion. The trend from 2005 continued, with a shift in demand from operations to growth, and the focus was on product innovation, time to market, customer relations, and both organic and acquisition-led growth.

- The project services market nearly overheated during 2006 and lots of funds were made available to start up new IT projects, said Nils Molin, managing director of IDC Sweden. This is a total change compared to a couple of years ago when many consultancy firms were near bankruptcy.

The outlook for the project services market continues to be optimistic, especially for the near future. However, a shortage of personnel could hamper growth, and we expect the impact of offshoring (and lower prices) will lead to lower growth in revenue terms. The CAGR for 2006 to 2011 is forecast at 6.2%.

The study, Norway Project Services, Market Shares 2006 and 2007–2011 Forecast
(IDC #NO560770P, July 2007), analyzes the four submarkets that make up project services — IT consulting, system integration, network consulting and integration services, and custom application development. The study offers a detailed overview of market drivers and the top 5 vendors in each market, and includes market forecasts.

To purchase the study, please contact Jessica Borgudd on +46 8 751 0415 or at jborgudd@idc.com. Alternatively, please visit www.idc.com.

About IDC
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 900 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 90 countries worldwide. For more than 43 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world´s leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.

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