Western European IT services market will grow 4.8% in 2008-2012

According to a recent study published by IDC, the Western European IT services market will grow 4.8% in 2008-2012, to reach $249 billion by 2012. Despite the economic downturn, higher demand for outsourcing combined with the increasing externalization of custom application developments will drive IT services spending upwards by 5% in 2008.