This IDC study presents a five-year forecast for the worldwide services industry from 2013 through 2017 and updates Worldwide Services 2012-2016 Forecast Update (IDC #237692, November 2012). The main purpose of this study is to forecast spending and identify trends that are influencing worldwide services markets on a regional basis and to discuss their effects on worldwide services growth for the five years through 2016.
"After seeing long-term services growth rate decelerate for the first time in the forecast last year, it could have been theorized to be a one-off anomaly. However, upon adding an additional year to the forecast period, 2017, long-term services growth rates are expected to decelerate for another year, forming a "peak growth rate" in 2015 and decelerating every year thereafter," said Chad Huston, senior analyst, Worldwide Services Program. "Seeing this trend continue for another year shows that analysts definitively have a bearish view on long-term services growth."