2004, Deals, Large, Outsourcing, Sweden
Fall in large Swedish IT outsourcing deals in 2004
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The number of large IT outsourcing deals in Sweden fell in 2004, according to a study from market advisory firm IDC. Market growth was 12 per cent in 2003 and around 10.5 per cent in 2004, but this is forecast to drop to 7.4 per cent in 2005. Average annual growth is expected to be eight per cent between 2003 and 2008.
The three largest vendors in 2003 — IBM, WM-data, and TietoEnator — accounted for 31 per cent of the market, but in 2004 the three largest vendors — IBM, HP, and WM-data — are expected to increase their market share to 41 per cent.The fall in the number of large deals, due to a slowdown after a period of high activity, has been offset by an increase in the number of deals in the SME sector, with more SMEs recognising the benefits of outsourcing, such as improved efficiency.
Both 2002 and 2003 were the years of the large deal. Of the top 100 outsourcing deals in 2003, for example, 20 were in the Nordic region — eight in Denmark, eight in Sweden, three in Norway and one in Finland. In value terms, Denmark ranked equal second with Germany, closely followed by Sweden.
With the number of large IT outsourcing deals falling in Sweden in 2004, the market is expected to move towards smaller installations.
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