How rapidly are IT and business services growing?
Although IT services is by now a relatively mature industry in Western Europe, it still generally outperforms GDP growth. Overall, the market grew by over 6% in 2007; IDC forecasts around 5% CAGR between 2007 and 2012. Among the fastest-growing IT services are application outsourcing (8.0% CAGR) and network and desktop outsourcing (6.6% CAGR). Demand growth between vertical markets varies from some 4.5% in manufacturing to 5.7% in Public Sector. Financial Services and Transport are also amongst the faster-growing sectors. In business services, IDC predicts 7.6% CAGR between 2007 and 2012, mostly fuelled by increased business process outsourcing.
