Analyst Firms Say IT Outsourcing Market To Grow To $160 Billion by 2005
London - January 8, 2002 - Corporations looking to lower expenses in 2002
are increasingly outsourcing key IT projects such as the management of their
Web site infrastructure according to leading technology market research
According to a December 2001 forecast released by Gartner Inc., the North
American IT outsourcing market will grow from $101 billion last year to
nearly $160 billion by 2005. Driving this growth is the need for
corporations to lower IT spending by decreasing IT assets and human
resources while converting unpredictable costs into fixed costs.
Corporations can save between 25 and 80-percent of their Web site
infrastructure costs by outsourcing their Web site infrastructure to a
service provider, according to a report issued last year by Forrester
Loudcloud, Inc. (NASDAQ: LDCL), the leading managed services provider,
provides corporations with a comprehensive suite of managed services, which
simplifies the outsourcing of an Internet site with a high degree of
control. By outsourcing the operational aspects of their Web site,
Loudcloud's customers will save close to $70 million during the life of
their contracts. Loudcloud's services are powered by its unique Opsware
automation technology and backed by Loudcloud's award-winning service level
agreement (SLA) that ensures a corporation's Web site is available 24x7x365.
For more information on how Loudcloud's services can lower the total costs
of running and managing a Web site, please visit http://www.loudcloud.com
For more information regarding the market
analyst reports, contact the respective analyst firms.
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