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IT utility services
According to IDC, Ernst & Young, European Information Technology Observatory, and other world leading analysts, the volume of the Russian offshore software development market varies up to $300 million for 2002, which shows the annual market growth of 30-50%.
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Glossary | IT utility services         
Glossary

IT utility services
IT infrastructure resources available as on-demand services, with pricing based on service units of usage or capacity. IT infrastructures are externalized and standardized, enabling IS organizations to focus on applications and business processes. They can also help enterprises reduce operational costs and capital investment requirements, speed implementation and deployment, and exchange fixed costs for flexible costs.

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