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IT services growth 'to resume in 2011'

The market for IT services in Europe is expected to grow by more than two per cent in 2011, experts have claimed, which may create new IT jobs.

A new report from industry analyst IDC predicted that the European IT services market will face a fragile recovery throughout the reminder of 2010, but will eventually see 2.2 per cent growth during the following year.

Laura Converso, research manager for European software and services at the firm, commented: ''Demand for projects and outsourcing will pick up towards the second half of 2010, though new technologies and strong price pressure will limit the market's capacity to recover.'

In addition, the research claimed that the western European market for IT services will achieve a compound annual growth rate of 3.4 per cent in the years to 2014, as companies place technology at the core of their expansion plans.

Recent research by TechMarketView claimed that the UK software market will recover well from the economic downturn and experience healthy revenue growth in the years to 2013.
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