Stories about the demise of the Internet services market may have been greatly exaggerated. According to IDC, worldwide spending will more than triple from almost $22 billion in 2000 to close to $69 billion in 2005.
"As a result of the dot-com bubble burst, there's been much speculation that the opportunity for Internet services firms has evaporated. In fact, we believe while the opportunity is different, it is more powerful than ever," says Pooneh Fooladi, senior analyst with IDC's Internet services research program. "E- commerce will continue to drive demand for Internet services. It's becoming an integral part of organizations' overall strategies and it's becoming imperative to link e-commerce initiatives with other IT initiatives."
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