IT outsourcing to reach EUR450m in 2008

Irish research firm iReach expects spending on business process and IT outsourcing to surge 30 percent during 2008.

The firm expects spending to top EUR450 million by the end of the year, thanks primarily to the anticipated slow-down in the Irish economy and the need for businesses to closely manage costs.

Furthermore, iReach predicts managed services to grow by 25 percent to hit EUR150 million in 2008. Managed services has been growing by around 24 percent year on year, according to Oisin Byrne, managing director of iReach, who said the success of managed services "has given IT managers the confidence to consider outsourcing business oriented tasks, such as print services, postal services, document processing, help desks and call centres."..... MORE