IDC has released a piece of research that will come as littlesurprise to channel service specialists battling for business with the largersuppliers.
According to the analyst house more than half of theEuropean services market last year was dominated by 50 companies that held53.4% market share.
Those companies specialising in services also continued togrow at a relatively quick pace, largerly through acquisition, to maintain theirpositions in the market. Among thosehighlighted by IDC were Logica, Infosys, and Tata Consultancy Services.
"Withfew exceptions, acquisition remains the main driver for revenue growth in2007," said Laura Converso, research manager, European Services Market andCompetitive Insights.
She addedthat offshore vendors were accounting for more of the market “thanks toincreasing acceptance in key European geographies”.