Global IT services revenue hits $793 billion in 2010

Gartner Says Worldwide IT Services Revenue Returned to Growth in 2010

The IT services market bounced back from the effects of the global recession to record a 3.1 percent increase in revenue to $793 billion in 2010, from $769 billion in 2009, according to a new report from Gartner.

2010 Worldwide IT Services Vendors by Revenue (Millions of U.S. Dollars)

Company	2010 Revenue	2010 Market Share (%)	2009 Revenue	Growth (%)
IBM	56,424	7.1	55,000	2.6
HP	35,346	4.5	35,252	0.3
Fujitsu	24,117	3.0	23,304	3.5
Accenture	22,212	2.8	20,939	6.1
CSC	16,106	2.0	16,004	0.6
Others	638,750	80.6	618,674	3.2
Total Market	792,955	100.0	769,173	3.1

Source: Gartner (April 2011)

Released earlier this week, the study revealed that the majority of end-user spending in the market went toward software support, pushing this sector to clock the highest growth at 6.6 percent. Process management and hardware support saw weaker results, where both segments grew at 1 percent less than projected.

Consulting, development, and integration services performed slightly better than expected as organizations that held back on investments began investing again last year, particularly in the second half of 2010, Gartner said.