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IT services providers eye opportunities in nuclear power
Ovum, April 2010, Pages: 16
As IT services providers continue searching for new growth markets in a global economy inching toward recovery, some global firms have set their sights on providing additional IT consulting and services to the nuclear power industry worldwide. Spurred on by planned or potential investment in the UK, France, and China, and new government investments in the US, many providers with nuclear power experience are making plans and investments now in anticipation of a “nuclear renaissance.” With varying predictions on when a robust economic recovery will come in what have been traditionally some of the IT services market’s strongest verticals (such as financial services, manufacturing, and retail/consumer), IT services providers are gearing up to expand their capabilities in the nuclear power industry both in the short and long term. We predict this will mean a slow, steady level of investment culminating in a highly competitive market in the next two to four years.
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