TSPS Market to Reach $61 Billion in 2014

According to the report, business consulting and custom development will show the lowest growth rates, at 3.8 percent and 2.8 percent respectively. This report is authored by Glen Ragoonanan, senior analyst at Analysys (News - Alert) Mason, who noted in a press release that TSPS spending will be driven by transformation initiatives in developed markets and by outsourced operations in emerging markets in the short term.

The long term as new technologies

Things will look different in the long term as new technologies, services and business models will drive spending in developed markets. Looking forward, transformation projects will become increasingly common in emerging markets.

“Some suppliers are already devaluing business consulting and some design consulting services by bundling them into implementation and integration projects, as well as managed services contracts,” Ragoonanan continued.