Umbrella Company Employees contacting as IT consultants will find no shortage of work in 2014, as businesses gear up to spend more than they did last year on these services – even though 2013 marked a three-year high in consultancy spending.
So says a new study by information technology analyst firm Forrester Research, entitled A Better But Still Subpar Global Tech Market In 2014 And 2015. Forrester analyst Andrew Bartels predicts that the global economy will continue to improve over the next two years and will, in the process, generate the money needed to support newly-purchased cloud, smart and mobile technologies.
The study finds that the growth in spending is being driven by four front-runners in the new technology stakes that are now being vigorously embraced by businesses: software-as-a-service (SaaS), tablets and other mobile devices, smart process applications, and analytics and big data.
The largest spending growth rates in 2014 and 2015 will be seen in software services, IT consulting and systems integration. Together these will expand by an estimated 7.8% in 2014, followed by 11.4% in 2015. Software spending grew at a modest 2.1% in 2010 but is expected to soar to 10.2% by 2015.
Spending on IT consultants reached its highest point since 2010 last year, and it looks set to grow by a further 6.8% in 2015.
The Forrester study anticipates that the global technology market will expand by between 5% and 6% in 2014.