Landmark Quarter for IT Outsourcing
After three quarters of reduced IT outspending, Global businesses are spending on IT again.
According to research from Nelson Hall - a firm which analysed global IT services spending in the third quarter of this year - IT services spending increased 1.5% compared to the previous quarter.
Nelson Hall analyst Dominique Raviart believes the three month period was a landmark quarter for ITO.
He said: "This is the first time since the fourth quarter of 2012 that spending is not negative. Quarter after quarter, corporate clients are back into investment mode, awarding slightly higher scope to outsource, as well as increasing somewhat their discretionary spending embedded in long-term contracts"."
Nelson Hall believes the overall worldwide IT services spending will increase 2% in the short term, with the ITO component continuing to be flat.
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