Singapore, 15 December 2009 The ICT services sector is showing signs of recovery after posting U$59.8 billion in revenues in the third quarter, according to data culled by research consulting firm Ovum.
The trend shows clear improvement and suggests the worst of the recession impact is over, said Ovum vice president John Lively. Revenues were still down almost five per cent year-over-year, but that is a lot less than in the first and second quarters.
Ovum data showed that second quarter 2009 revenues were at U$57.7 billion while third quarter 2008 revenues were at U$62.8 billion.
Software and IT services revenues reached U$28.3 billion, up 3.6 per cent sequentially from the second quarter of 2009, but down 4.9 per cent against the third quarter of 2008. The market was led by Fujitsu, HP and IBM.
For the business process consulting market segment, revenues were up 2.4 per cent sequentially to reach U$18.6 billion. But again, compared to a year ago, revenues were down 6.6 per cent. Market leaders in this business category were IBM, Accenture and CSC.
Telecom infrastructure services revenues were up U$12.8 billion, up sequentially slightly by 0.6 per cent. Like the other market segments, telecom infrastructure revenues in the third quarter were down 8.6 per cent from 2008 figures. Top vendors in this sector include T-Systems, Cisco, Ericsson, NSN, and Alcatel-Lucent, with each holding more than a 10 per cent share of the market.
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