Abstract
The Finnish project services market developed strongly during 2007 and grew by
6.8% to reach a value of €1.091 million. The start of 2008 has also been strong
but we do see signs of a weakening market at this very moment (mid-year) and
believe that the autumn will show lower growth. There are major shifts taking
place in the market and the current offshore wave represents the biggest of
them. All vendors need to figure out how to position themselves with regard to
offshoring.
"As the scenario is now shifting from a market focused on growth to a market
focused on cost and internal efficiencies, the range of opportunities changes
as well," said Nils Molin, managing director of IDC Sweden. "However, our base
scenario is positive, and we believe that the underlying theme, ' realizing the
benefits from the Internet' , is strong enough to provide a shelter against a
recession in the economy. That' s also the background to the very modest changes
that we have made to our forecast for the coming years."
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