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Central government has a target of cloud services accounting for 50% of IT spending by 2015.
"It goes all the way up: legal services, medical diagnosis, architectural services, accounting – it's affecting the whole spectrum".
Demand is also increasing for workers in the sales, clerical, education, financial services, accounting and customer service categories.
With services accounting for 79% of the economy, this raised the prospect of GDP growing in the second quarter.
But Robert L. Christensen, an authority on financial services accounting, says it is high time that investors — and regulators, for that matter — scrutinize the banks' auditing processes.
But Europe is expected to remain a relatively modest user of cloud services, accounting for only $18 billion this year, or about 26 percent of the global total.
Similar(7)
Financial services accounted for 35.7percentt of leasing during the quarter.
Services account for three-quarters of our economy.
Today services account for about a quarter of revenues.
Financial services accounted for 11% of GDP in 2008.
Manufacturing and services account for the bulk of employment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com