The World ITC Market Grows To $1.5 Trillion In Q2 2010 – 5% Growth Expected For 2010

Q3 2010 ITC Market Highlights

• The likelihood of a double-dip affect on world ITC sales are subsiding
• The total ITC market grew by 4% to reach $1.547 trillion in the quarter
• Hardware has recovered from worst to best category with a 12% increase to $274 billion
• Software sales grew by 10% on an annual basis to reach $187 billion
• Telecom Service revenue reached $717 billion – 0% growth over Q2 2009
• IT Services revenue grew by 5% to reach $368 billion
• Net Profit continues its three-yearly cycle reaching a peak of 60% for annualised growth for the year to June 2010
• Headcount growth dipped below revenue growth for the first time since the beginning of 2009
• Wireless ($1.2 trillion) and Fixed Line ($1.4 trillion) Telecom service are the largest ITC offerings for the year to the end of June 2010
• Software as a Service is the fastest growing (62%) ITC offering for the year
• The USA is the largest ($1.7 trillion), China and India (both 16%) the fastest growing ITC country markets
• AT&T and HP had the largest revenues for the year, Compal (81%) the largest growth
• Samsung achieved the most impressive results of the leading suppliers
• ITCandor forecasts a 5% ITC market growth to $6.427 trillion in 2010