The ICT services sector is showing signs of recovery after posting U$59.8 billion in revenues in the third quarter, according to data culled by research consulting firm Ovum.
"The trend shows clear improvement and suggests the worst of the recession impact is over," said Ovum vice president John Lively. "Revenues were still down almost five percent year-over-year, but that is a lot less than in the first and second quarters."
Ovum data showed that second quarter 2009 revenues were at U$57.7 billion while third quarter 2008 revenues were at U$62.8 billion.
Software and IT services revenues reached U$28.3 billion, up 3.6 percent sequentially from the second quarter of 2009, but down 4.9 percent against the third quarter of 2008. The market was led by Fujitsu, HP and IBM.
For the business process consulting market segment, revenues were up 2.4 percent sequentially to reach U$18.6 billion. But again, compared to a year ago, revenues were down 6.6 percent. Market leaders in this business category were IBM, Accenture and CSC.
Telecom infrastructure services revenues were up U$12.8 billion, up sequentially slightly by 0.6 percent. Like the other market segments, telecom infrastructure revenues in the third quarter were down 8.6 percent from 2008 figures. Top vendors in this sector include T-Systems, Cisco, Ericsson, NSN, and Alcatel-Lucent, with each holding more than a 10 percent share of the market.