PUBLISHER: IDC | PRODUCT CODE: 1288954
PUBLISHER: IDC | PRODUCT CODE: 1288954
European Services Market Forecast, 2022-2027
This IDC Market Forecast discusses the services market in Central and Eastern Europe (CEE) and Western Europe (WE) in 2022 and forecasts expenditure through 2027. It is based on IDC's Semiannual Services Tracker, which was updated in April 2023. The report contains market size and distribution by 14 foundation markets - 12 IT services markets and two business services markets, including a further split into five business process outsourcing (BPO)-related sub-foundation markets - across CEE and WE countries. It also highlights growth drivers and inhibitors and presents key points for technology suppliers to consider."The European services market exceeded expectations in 2022, increasing by 8% year on year to reach $305 billion in value. While headwinds will affect market growth in 2023 and 2024, IDC expects 2025 to be the year when the market begins to grow at an accelerated pace, ending the forecast period with spending of $399 billion in 2027." - Senior Research Manager Matthew Wilkins, IDC European Services Group.
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
- Use Scenario Thinking
- Explore Inorganic Growth
- Be Ready To Demonstrate Leadership
Market Forecast
- Macro Market View
- Primary Markets
- Project-Oriented Services
- Managed Services
- Support Services
- Service Type View
- Business Services
- IT Services
- Primary Markets
- Subregion View
- Western Europe
- Central and Eastern Europe
Market Context
- Drivers and Inhibitors
- Drivers
- Ensuring Business Operations
- AI and Automation
- Inhibitors
- Economy
- Drivers
- Significant Market Developments
- Inflation
- Russia-Ukraine War
- Changes from Prior Forecast
Market Definition
- Foundation Market Definitions
- Business Consulting
- IT Consulting
- Systems Integration
- Network Consulting
- Network Integration
- Custom Application Development
- Business Process Outsourcing
- Application Management
- Hosted Application Management
- IT Outsourcing
- Network and Endpoint Outsourcing Services
- Hosting Infrastructure Services
- Hardware Deploy and Support
- Software Deploy and Support
- IT Education and Training
Methodology
- Currency Fluctuations and Use of Exchange Rates
- Data Collection
Related Research
