Worldwide IT services revenue totalled $806 billion in 2008, an 8.2 per cent increase from 2007 revenue of $745 billion, according to Gartner Inc.Thanks to six to eight months of `business as usual' in 2008 and then approximately four months encountering the beginning of the global economic downturn, the IT industry could manage a decent growth.
So, who were the vendors who led the growth chart globally in terms of revenue and marketshare. Here's over to the top 5 IT services vendors of 2008 (as per Gartner estimates).
IBM
Across all IT services, IBM continued to be the worldwide market leader, with 7.3 per cent of the total marketshare. The Big Blue recorded IT services revenue of $58,891 million during the year. The company registered a growth of 8.8 per cent over the previous year. In the year 2007 IBM clocked revenues of $54,145 milllion. Incidentally, there was no jump or fall in the company's global marketshare, which remained a constant at 7.3 per cent.Hewlett-Packard
With its acquisition of EDS, HP moved into the No. 2 position, but with the difficulties of integrating the EDS business, its revenue grew only 1.9 per cent in 2008, considerably below the overall market growth rate.The company's IT services revenues for the year 2008 stood at $38,584 million, vis-a-vis $37,866 million in the previous year. HP's global IT services marketshare saw a marginal decline, falling to 4.8 per cent in 2008 from 5.1 per cent in the previous year.
Accenture
The third biggest global IT services vendor is Accenture. The company's IT services revenues stood at $23,732 million in 2008. The company witnessed the highest revenue growth during the year, 15.1 per cent. Accenture's marketshare in the global IT services stood at 2.9 per cent, recording a marginal increase over the previous year's 2.8 per cent.In the year 2007, Accenture recorded a revenue of $23,732 million.
Fujitsu
At no. 4 is Japanese electronic giant Fujitsu. The company's IT services revenues stood at $20,432 million in 2008. Fujitsu too witnessed an above industry growth of 9.6 per cent during the year. The company's marketshare over the previous year, however, remained constant at 2.5 per cent.In 2007, Fujitsu recorded an annual IT services revenue of $18,646 million.
CSC
Fifth largest IT services vendor in the year 2008 was US-based Computer Sciences Corp (CSC). Fourth US company in the top 5 list, CSC's IT services revenue for the year stood at $17,112 million. Like HP, the company's growth too fell below the industry's average growth rate (8.2 per cent) at 6.6 per cent.CSC also saw a marginal dip in its marketshare, which fell from 2.2 per cent in 2007 to 2.1 per cent in 2008. CSC's recorded a revenue of $16,059 million in the previous year.
Others (including Indian vendors)
With an almost 80 per cent marketshare, the other IT services vendors earned a revenue of $16,059 million in the year 2008. These vendors grew almost at the same pace as the industry average, with a growth rate of 8.3 per cent.India-based vendors grew 12.9 per cent in US dollars in 2008, down from 39.8 per cent growth in 2007. India-based vendors were impacted early in the economic downturn. This would be expected, as these providers sell especially heavily to the financial sector and typically lead with offshore application development services, which are relatively easy to delay in tough times.
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