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European computer support market worth USD23.56bn in 2006, predicts study.

TELECOMWORLDWIRE-(C) 1994-9 M2 COMMUNICATIONS LTD

A new study by market consulting company Frost & Sullivan expects the European computer support market to grow from its revenue level of USD15.8bn in 1998 to a level of USD23.56bn by the end of 2006. According to the research, computer support over recent years has steadily moved away from field support to remote support due to the lower costs and often superior quality of the support available by telephone or other remote methods. The greatest volume of revenues comes from the workgroup support sector, followed by on-site services, while the repair sector is forecast to grow more rapidly than the market as a whole. The study also found that the banking and finance sector is the most significant computer support end-user.

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Title Annotation:Industry Trend or Event; by Frost & Sullivan
Comment:European computer support market worth USD23.56bn in 2006, predicts study.(by Frost & Sullivan)(Industry Trend or Event)
Publication:Telecomworldwire
Article Type:Brief Article
Geographic Code:4E
Date:Nov 10, 1999
Words:129
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