There has been plenty of good news recently for umbrella company IT contractors. Gartner, the industry analysts expect to see enterprise IT spending rebound next year after the last two years in decline.
Gartner predicts that IT spending in 2011 will increase by 1.3% to £493.2 billion across Europe, the Middle East and Africa. It was also noted that Western Europe would witness compound annual growth of 0.8% in the years to 2014.
There could be even more opportunities for IT contractors if a recent report from the Information Technology Industry Development Agency is correct. It predicts that outsourcing in the IT sector could increase by up to 600% in the next 10 years. There is a huge potential and the Everest Group, which advises Global 1000 business leaders, estimates the global sourcing opportunity in Europe will be worth between £155 billion and £186 billion.
IT contractors have already witnessed an increase in demand for their services over the last quarter months, according to JobsAdWatch.co.uk. The website reported a 13.3% increase in the recruitment of IT contractors in the past 3 months.
More good news came in the form of the Monster Employment Index for October which showed a sharp rise in the number of online contract opportunities across key sectors. Professional services opportunities for contractors working in consultancy, engineering, IT & Telecoms, management and marketing led the way and helped towards increasing the year on year total by 21%.
Strong growth was recorded in Wales and the Midlands; up 14% and 13% respectively. Julian Acquari, the managing director of Monster UK & Ireland, said these latest findings were encouraging. Most UK regions and industries reported increased online recruitment last month to extend a trend of improvement in the jobs market.
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