The global IT services market is set to grow by over four per cent during the next four years to hit $756bn by 2015, thanks to a slowly improving world economy, according to Ovum.
The analyst firm's latest report, Global Market Trends 2010: IT Services Forecasts, finds that growth recovery will be slow until 2013 when it will reach 4.5 per cent. By comparison, growth was less than two per cent in 2010 thanks to the global economic downturn.
Ovum placed IBM in the top spot yet again in 2010, followed by HP and Fujitsu, but explained that all three experienced negative growth from 2009 to 2010.
Indian-heritage firms such as Infosys, Wipro and TCS, and Japanese players including NEC, Hitachi and Otsuka Shokai, managed to improve their rankings over the period, however.
Business process outsourcing (BPO) will lead the IT services charge over the next four years, followed by infrastructure-led outsourcing and support services, according to Ovum.
The government will drive its own efficiency-savings strategy with BPO although, unlike previous administrations, it is keen to rely on larger numbers of smaller providers rather than being locked into huge projects with a few larger players.
However, Ovum analyst Alexander Simkin warned that the UK public sector is lagging behind the private sector in terms of IT services growth.
"While the commercial sector will show pre-recessionary growth by 2013, the public sector will bump along during the forecast period with modest growth to 2015," he told V3.co.uk.
"From a vendor perspective the standout is TCS, which has broken into the top 10 IT services vendors by revenues in the UK. TCS is the only Indian-heritage vendor in the top 10."
Delays to the roll-out of age verification for adult websites hasn't stopped government from considering extending them to more websites
Bluehole confirms rumours that Playstation 4 port is coming on 7 December
Atmospheric iodine works as a significant sink of tropospheric ozone, nullifying the harmful pollutant
A temperature rise of just 1.8° C would melt major ice sheets