Feeds

US service companies to clean up in Europe

Study reveals Europeans way behind in the service skills stakes

  • alert
  • submit to reddit

Boost IT visibility and business value

Europe is set to provide rich pickings for US service providers, according to market analysts, IDC. The European market for services is blossoming like never before, thanks in part to the euro and the general increase in links between European countries. The market is growing at an annual rate of 10 per cent and IDC reckons the overall European services market could be worth $129 billion by the year 2003. That growth rate could be as high as 40 per cent but the market is being stunted by a shortfall in supply. In its report, The Western European IT Services Industry Markets and Trends, 1998-2003, IDC says the market is being held back in Europe by a shortage in skilled staff, a lack of industry knowledge, poor technical awareness and weak project management. The net result of all this is that US service companies should find winning new business in Europe about as difficult as shooting fish in a barrel. IDC senior analyst Philip Winthrop said: "The European IT services market is poised to become one of the largest services markets in the world and now is the time to enter the playing field. While there are many strong service providers based in Western Europe, the demand for services is far exceeding supply, allowing new companies to enter the market." The UK market looks like the best bet, with a compound annual growth rate ahead of the European average at 14 per cent. By 2001, the UK is likely to displace Germany as the biggest market in Europe. The service markets in Sweden, Denmark and Norway are all expected to grow ahead of the average. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.