PUBLISHER: IDC | PRODUCT CODE: 1385497
PUBLISHER: IDC | PRODUCT CODE: 1385497
Worldwide Services Forecast Update, 2023-2027
This IDC study updates the 2023-2027 market sizing and growth rates for the worldwide services market."Economic downturn and inflation remain the biggest challenges to IT spending by organizations, likely resulting in services growth in the low single digits in 2023 and 2024," said Nishant Bansal, associate research director with IDC's Worldwide Services program. "Due economic pressures, services market growth for 2023 and 2024 in constant currency has been lowered by almost 1% compared with the previous forecast as organizations are focused on rethinking discretionary spending and cutting their investments toward automation using 3rd Platform technologies."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
- Macromarket View
- Project-Oriented Services
- Managed Services
- Support Services
- Regional View
- Americas
- United States
- Canada
- Latin America
- EMEA
- Western Europe
- Central and Eastern Europe
- Middle East and Africa
- Asia/Pacific
- Asia/Pacific (Excluding China and Japan)
- China
- Japan
- Americas
Market Context
- Drivers and Inhibitors
- Drivers
- Continued Spending on 3rd Platform Technologies Post-COVID-19
- Automation
- Inhibitor
- Inflation
- Drivers
- Significant Market Developments
- Economic Downturn
- Changes from Prior Forecast
Market Definition
- Services Market Classifications
- Foundation Market View
- Services Extraction Market View
Methodology
Related Research
