For a long time it was assumed that IT service providers by and large would benefit from the crisis. However, many EU players are currently discontinuing projects involving external IT professionals in order to cut costs and keep their own staff employed. This development has stirred up competition for the remaining IT projects. Because of this, one third of the exporters in this survey forecast slight price pressure this year. The implications for employment will be limited, as most exporters target niche markets and medium-sized customers.
Publication date: April, 2009
