IT Services Market Ends 2010 with Unexpected Bang
IT Services Market Ends 2010 with Unexpected Bang
  • Korea IT Times
  • 승인 2011.02.08 09:55
  • 댓글 0
이 기사를 공유합니다

Melbourne, 8th February 2011. IT services deal signings experienced an unexpected boom at the end of 2010 within the Asia Pacific region, beating gloomy predictions to reverse a constant decline in average total contract value (TCV) for Q4 since 2005, according to Ovum.

In a new report* the independent technology analyst reveals research that shows that globally TCV for the last quarter of 2010 soared to more than $49 billion, with the AP region responsible for $2.6 billion of this figure, a 25% increase from the previous year's Q4 signings.

Ed Thomas, Ovum analyst and author of the report, said: "2010 went out with a bang thanks to a number of mega-deals announced during the fourth quarter, and it is thanks to a string of large deals that the IT services market both globally and regionally exploded into life". From an AP perspective, the "services market, though not having such a substantial turnaround when compared to global (mainly due to the region coming through the GFC relatively unscathed) has still managed to put in exceptional figures in the last quarter of 2010 and topping off an exceptionally strong 2010 across the region", according the Jens Butler, Principal Asia Pacific IT Services Analyst.

The final quarter result has driven TCV across the region to over $9.5bn, down on the record breaking 2009 (where over $15bn of contracts were signed), but interestingly, the more than 40 deals signed during the last quarter averaged above $60m and included deals such as the agreements between China Unicom, China Telecom and China Mobile with Alcatel-Lucent, valued at $1.6 billion, and CSC re-signing with Bluescope Steel for another 8 years valued at over $300m.

One of the major trends in both the global and AP markets has been towards smaller deals,and even with the Q4 deals across AP hitting $60m per deal, this did not halt the decline in average deal sizes falling to under $40m per deal for the year, the first time this has happened since 2003.

"It remains to be seen whether the uptick in deals at the end to the year is simply a blip or a sign of better times to come for the IT services industry in 2011," added Thomas. From an Asia Pacific perspective, the increase in deal size may be a sign of the releasing of purse strings, but needs to be considered in the context of an ongoing buying cautiousness across the region with deal lengths dropping below 43 months in the first month of 2011." stated Butler

 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트