IT outsourcing the big credit crunch winner

There is no ignoring the credit crunch, that’s for sure. Whether it is the cost of your weekly food shop, fuel for your car or the fact that the value of your house is moving in the wrong direction, we are all feeling the pinch. All, that is, except the outsourcing segment of the IT services market according to IDC. Sure, a recent IDC study of the Western European IT services market which saw better than expected performance during 2007 and reported growth at 6.4 percent in constant currency has been revised a tad in the light of growing economic uncertainty. But even when taking a “more conservative view of the market” IDC still predicts growth at 4.8 percent CAGR and expects it to reach $242.8 billion by 2012.