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The Industry Value: IT Trends and Expenditures in the US Professional Services Industry
- ID: 307375
- May 2005
- Region: United States
- 42 pages
This report takes a drill-down look at the IT spending trends and expenditures by the professional services industry. IT categories include applications, telecom, computer hardware, network hardware, personnel, and outsourcing/hosting. Other data from a large end-user survey includes purchasing channels, priorities, and investment areas.
We estimate that total professional services IT spending will increase by 6% from 2004 to 2005, with increases in expenditures expected to continue moving forward.
This year the professional services vertical is expected to spend $77 billion on IT services, personnel, and equipment, and this will climb sharply to $94 billion by 2009.
Major drivers such as the growing firms and employees in this vertical, as well as the implementation of computer applications, which drive the need for IT infrastructure are expected to boost spending in this industry.