The worldwide Internet services market will be one of the fastest growing IT areas over the next five years as a lack of in-house resources will force companies to outsource all or parts of their ecommerce projects.
According to latest research from International Data Corporation (IDC), the market will grow from $4.5 billion in 1997 to $43.6 billion by 2002 as many companies are eager to reap the benefits provided by doing business on the Internet but often embark on an ecommerce project before they have the necessary resources.
Companies are warned by consultants of the need to create effective ecommerce offerings. The increased technical demands, the need to create higher profile projects, and a desire to focus on core demands are driving companies to turn to external service providers.
?The move to deploy ecommerce sites is putting increased demands on companies to raise their sophistication in Internet technologies and to rethink how the Internet ties in with business strategies and processes,? said Meredith McCarty, senior analyst at IDC. ?Growth potential exists for service providers seeking to capitalise on these market.?
According to the research, the US will see the largest growth rate, with Internet services to reach $22 billion from the current level of $2.9 billion in the next five years.
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