Demand for outsourcing and managed applications will help the IT services market in western Europe to grow three per cent in 2004, compared with a disappointing 2003, according to research.
Analyst IDC said that IT services spending is now growing faster than gross domestic product (GDP), as the market enjoys a recovery that is likely to continue until mid-2005.
Jamie Snowdon, European services programme research director at IDC, said in a statement: "The days when IT services grew three times as much as GDP have gone.
"Evidence shows that, in the short to medium term, a ratio of around 2:1 will become the norm."
The IT services industry is still suffering from over-investment in 1999 and during the internet bubble, IDC's research said.
While spending is up for outsourcing and application management, the consulting and systems integration markets remain depressed.
"The systems integration market is moving away from implementing killer applications towards the appliance of technology to business processes," said Snowdon.
The UK and Spanish markets are expected to be among the most dynamic in western Europe in 2004, with four and seven per cent growth respectively.
But France and Germany are still suffering, with spending growth remaining at 1.5 to two per cent.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago