{"id":546597,"date":"2005-07-26T00:25:04","date_gmt":"2005-07-26T00:25:04","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/546597-south-african-i-t-services-market-expected-to-soar.html"},"modified":"2005-07-26T00:25:04","modified_gmt":"2005-07-26T00:25:04","slug":"south-african-i-t-services-market-expected-to-soar","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/546597-south-african-i-t-services-market-expected-to-soar.html","title":{"rendered":"South African I.T. services market expected to soar"},"content":{"rendered":"<p><font size=\"2\">The report entitled \u2018South African IT Services Report and Forecast 2004-2009\u2019 reveals that the IT services market which in 2004 was at R18.4 billion is showing a year-on-year growth of 5.3% and accounted for 40.9% of the total IT expenditure in SA.<\/font><\/p>\n<p><font size=\"2\">An annual compound growth rate (CAGR) of 8.4% between 2004 and 2009 is expected with the growth rates in 2006 and 2007 at 7.8% and 8.1% respectively.<\/font><\/p>\n<p><font size=\"2\">The result is that the market value of the IT service market will grow from the current R18.4 to a whopping R27.5 billion by 2009.<\/font><\/p>\n<p><font size=\"2\">Natalie Bryden, senior analyst at BMI-T, says: \u201cThe IT services outsourcing (ISO) together with deploy and support foundation markets will continue to generate the largest amount of revenue over the forecast period, while the software as a service (SaaS) market will remain the fastest growing sector of the services market.\u201d<\/font><\/p>\n<p><font size=\"2\">The IT services industry according to the BMI-T report will see shift in focus from the 2004 cost-cutting initiatives more optimistic initiatives that focus on how to increase revenues.<\/font><\/p>\n<p><font size=\"2\">The 2004 trend on consolidating business through acquisitions and mergers will continue in 2005 with vendors and mid-tier players needing to consolidate internal issues by considering mergers with rivals or acquisitions of smaller firms.<\/font><\/p>\n<p><font size=\"2\">Mega deals are also a thing of the past according to the report with enterprise decision makers \u2018chunking\u2019 projects into smaller pieces with defined outcomes creating a shift to shorter, smaller and best-of-breed deals.<\/font><\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>A report just released by BMI-TechKnowledge, African ICT market analysts, indicates that the South African IT services market is expected to reach R27.5 billion by 2009.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-546597","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/546597"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=546597"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/546597\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=546597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=546597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=546597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}