$278 bln will be spent on IT services by 2008

North America is by far the largest market for IT Services and will account for over $278 bln, or 42%, of the global IT Services market by 2008. Within the IT services sector, infrastructure services will grow the fastest at a CAGR of 9.1% to reach $213.5 bln by 2008. In terms of IT investment objectives, raising efficiency was seen as the most important in Energy and Utilities, followed by the need to achieve or maintain regulatory compliance. The BPO services market will grow at a CAGR of 8.6% from 2004 to reach $145.4 bln by 2008, Research and Markets says