UK IT services market could provide contractors with more job opportunities
New research from industry analyst Ovum, has revealed that the IT services market will be seeing some positive changes during the year.
The annual research from Ovum, ‘State of the Nation: The UK IT Industry in 2013’, found that the first five months of 2013 saw the announcement of $7.2bn of new contracts, including three megadeals (contracts valued at $1bn or more) involving three separate vendors: Arvato, Atos and Capita. The total contract value (TCV) announced so far this year suggests that 2013 should surpass the level announced in 2012 ($12.8bn) with relative ease.
These findings suggest that IT contractors may find even more assignments this year within the services sector.
IT services analyst at Ovum, Ed Thomas, said, “Despite the optimism engendered by the string of large deals announced so far in 2013, market conditions in the UK continue to be challenging. The slow rate of economic recovery means that many enterprises will still be wary of investing in IT projects.
“However, the recession has also ensured that cost cutting remains one of the top priorities for the majority of companies.
“This should provide opportunities for IT services vendors, although they will need to offer more than just a cheap service in order to win business in the mature UK market.”
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