August 3, 2011 – Information technology outsourcing in the utilities sector is on the rise as the industry seeks cost savings, according to new research from Ovum. The independent technology analyst firm says the recent spike in IT outsourcing contracts by utilities in Europe and North America indicates steady growth over the next 12 months. As the industry faces unprecedented pressure to cut costs, Ovum finds that many utilities are realizing that they can no longer afford to ignore outsourcing.

Ovum’s reports are based on ongoing research into growth predictions based on macroeconomic factors and business trends. According to the study, many utilities companies will turn to third-party IT services providers to take over infrastructure, application maintenance and development and back-office activities.

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