Worldwide IT services revenue totaled $748 billion in 2007, a 10.5 percent increase from 2006 revenue of $677 billion, according to Gartner, Inc. Across all IT services, IBM continued to be the worldwide market leader, with 7.2 percent of the market. IBM and Accenture delivered strong growth rates, 12.2 percent and 19.7 percent, respectively, and were the only companies in the top six that experienced revenue growth rates above the overall market average.
While global sourcing makes the location of a provider’s headquarters increasingly less relevant, Gartner tracks this information for more than 360 vendors who collectively account for more than 70 percent of end-user spending worldwide. While India-based vendors’ IT services revenue grew 38 percent in 2007, these companies earned only 4.1 percent of revenue tracked, and U.S.-based vendors dominated the IT services market with 55.4 percent of that total.
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