Sweden IT Outsourcing and Utility Service Market 2003 Vendor Shares and 2003-2008 Forecast

"IDC predicts that the Swedish information technology (IT) outsourcing services market will grow an average of 8 percent annually each year during the forecast period from 2003 to 2008. In 2003 the market experienced a growth of 12%. In 2004 some IT outsourcing vendors are growing very strongly in Sweden and consolidation continues. IDC forecasts that the growth will drop to 7.4% in 2005, especially growth of IS outsourcing will slow down. Driving factors for outsourcing growth continue to be focus on core business and cost cuts, as well as continued growing acceptance of outsourcing as a compelling business practice among small and medium-sized organizations." says Research Manager Esa Peltonen