IDC forecasts steady growth for network consulting market

The analyst group predicts the worldwide network consulting and integration market will be worth US $ 29.3 billion by 2007.

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By  Greg Wilson Published  April 9, 2003

Analyst group, IDC is predicting that the worldwide network consulting and integration market will reach US $ 29.3 billion by 2007, representing 7.8% compound annual growth (CAGR). The US market is likely to register 6.8% CAGR between 2002 and 2007, hitting the $ 16.4 billion mark.

According to IDC’s research, much of the spending on consulting and integration services by carriers will be designed to reduce the costs of the existing network infrastructure. Services such as network optimisation and operations assessments will continue to gain popularity.

Within the enterprise market, much of the spending will focus on wireless and security services.

From a regional perspective, the demand for network consulting and integration services in the United States will continue to outpace other regions of the world.

Although their markets may be embryonic and proportionally smaller, developing regions continue to offer attractive opportunities for firms possessing the capabilities and resources to help enterprise clients and service providers design, build and manage complex network architectures.

Furthermore, consolidation among the large service providers will continue to gather momentum throughout the forecast period. The overall IT services market will experience further merger and acquisition activity in 2003.

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