Umbrella Companies | Things look to be improving for IT contractors

Things look to be improving for IT contractors

Umbrella company IT contractors might be interested to read that Gartner predicts enterprise IT spending looks as if it will grow next year.

Research by the company shows that spending in EMEA (Europe, Middle East and Africa) next year will increase by 1.3% to £493 billion. Senior VP and global head of research at Gartner, Peter Sondergaard, pointed out the EMEA region was the only one to record a drop in IT spending in 2009 and 2010.

The industry analyst expects Western Europe to record a drop of 3.3% this year and then recover with the slowest long-term growth rate of just 0.8% until 2014. By 2011 however, all areas except education and transportation should experience growth.

Greythorn, the recruitment firm, recently carried out research that shows an expected 1.5 million IT positions will be available by the end of this year; the highest amount since before the credit crunch.

Paul Winchester, Greythorn’s managing director said that public sector contractors who have seen positions diminish should easily be able to find contracts in the private sector. West Yorkshire, and in particular Leeds, are already benefiting from banks moving their back office functions away from London.

The 2nd quarter of 2010 saw a 7% increase in UK IT vacancies compared to last year, whilst quarter 3 showed a 12% increase.

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