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Article Excerpt
CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its article reviewing the IT service market in 2008 and outlook for 2009.
Review of China's IT Service Market in 2008
In 2008, China's IT service market reached the eve of explosive growth. Due to a deteriorating external environment, the market entered temporary dormancy. The trend of accelerated growth has been put on hold for the time being. However, the competition pattern remains relatively stable amidst rapid market expansion. The market is still very dispersed, while breakthrough growth remains in the making. Another sign of this conclusion is that the production per person per hour (PPH) in the overall market is rising steadily, which has benefited not only from the efforts made by all major service providers to improve their abilities, but also from the demand for service product upgrading which is generated from users' deepening IT applications.
In terms of product structure, IT consulting and investment guarantee services account for a greater percentage of operational services. The growing demand for HaaS and information management outsourcing is a highlight among the outsourcing services.
In 2008, despite the impact of the international financial crisis, China's system integration service market kept a rising trend. Market size has grown by a certain extent, while market growth notably slowed down in Q3 and Q4. On one hand, the overall growth trend of China's economy and deepening IT applications are the driving forces for the system integration service market to maintain continuous growth. On the other hand, under the broad environment of the international financial crisis, the financial industry, which is an important market for system integration...
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