ITRealms
The International Data
Corporation (IDC), the premier global provider of market intelligence and
advisory services has said it expects Information Technology (IT) services
spending in South Africa to reach $6.8 billion, about N1.35 trillion in 2019, ITRealms gathered.
According to a press release
forwarded to ITRealms, Information systems consulting will
be the fastest growing service, expanding at a compound annual growth rate
(CAGR) of 13.7per cent, as organizations seek guidance on how best to
incorporate 3rd Platform technologies like cloud, social, and mobility so as to
gain an edge in the increasingly competitive marketplace. The other
top-performing services in terms of growth over the forecast period will be
application consulting and customization (12.6 per cent) and combined systems
integration (12.4 per cent).
ITRealms learnt that IT services spending in
South Africa is expected to increase 8.8 per cent year on year in 2016 to total
$5 billion about N995.2 billion, according to the latest forecasts from
International Data Corporation (IDC). Referencing its recently published
report, 'Africa IT Services Market 2015–2019 Forecast and 2014 Vendor Shares',
the global research and consulting firm recently said it expects outsourcing
services to continue to garner broad appeal as companies increasingly look to
limit and predict their costs and optimize their current investments.
The considerable shifts in
the rand/USD exchange rate are having a significant impact on the local IT
services market. Spending on IT services in 2014, for instance, declined 1.5per
cent year on year in U.S. dollar terms, but when measured in the local
currency, it was up 10.7per cent over the same period.
The IDC's research manager
for software and IT services in Africa, Lise Hagen, said "The increasing
demand for innovative solutions to common operational challenges is a priority
for decision makers when purchasing IT services. An increasingly mobile
workforce will have a significant impact on purchases spanning the whole
technology stack of software, hardware, and IT services."
Cyriacus Nnaji/GEEs
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