A number of groups in the IT sector have found that IT contractors had a good end to 2010 and will continue to see growth this year. This also follows reports that IT contracting positions have been in high demand recently.
Ed Thomas, of IT analysts Ovum, commented on the improvements to the IT market over the last few months. He highlighted the increased amount of spending and new projects that the industry has benefited from lately.
“2010 went out with a bang thanks to a number of mega-deals announced during the fourth quarter. It was a remarkable turnaround for the sector which, after a sluggish first three quarters, was forecast to hit its lowest annual TCV level for five years. However, rather than enduring another stagnant quarter, a string of large deals meant that the IT services market exploded into life.”
Following the rise in temporary positions, reported yesterday by the REC, the year ahead is starting to look a lot more positive for contractors and freelancer workers.
Mr Thomas sounded optimistic about the future of the IT sector, ending, “It remains to be seen whether the spectacular end to the year is simply a blip or a sign of better times to come for the IT services industry in 2011.”
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