TECH SUPPLIER Dec 2019 - Market Forecast - Doc # US44126119

Worldwide Services Forecast Update, 2019–2023

By: Chad HustonResearch Manager, Worldwide Services

Table of Contents

List of Attachments

IDC Market Forecast Figure

Figure: Worldwide Services Spending Snapshot

Executive Summary

Advice for Technology Suppliers

Market Forecast

Macromarket View

Table: Worldwide Services Spending by Foundation Market, 2018–2023 ($M)

Project-Oriented Services

Table: Worldwide Project-Oriented Services Growth Rate Change in Constant Currency by Functional Market, 2019–2023 (%)

Figure: Worldwide Project-Oriented Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Managed Services

Table: Worldwide Managed Services Growth Rate Change in Constant Currency by Functional Market, 2019–2023 (%)

Figure: Worldwide Managed Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Support Services

Table: Worldwide Support Services Growth Rate Change in Constant Currency by Functional Market, 2019–2023 (%)

Figure: Worldwide Support Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Regional View

Table: Worldwide Services Spending by Region, 2018–2023 ($M)

The Americas

Canada

Figure: Canada Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

The United States

Figure: U.S. Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Latin America

Figure: Latin America Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Europe, the Middle East, and Africa

Western Europe

Figure: Western Europe Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Central and Eastern Europe

Figure: Central and Eastern Europe Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

The Middle East and Africa

Figure: The Middle East and Africa Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Asia/Pacific

Asia/Pacific (Excluding Japan)

Figure: Asia/Pacific (Excluding Japan) Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Japan

Figure: Japan Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Market Context

Drivers and Inhibitors

Drivers

Unemployment

Oil Prices

Inhibitors

Protectionist Policies

Economic Cycles

Significant Market Developments

Is There a Slowdown on the Horizon?

Figure: IT Services Buyer Spending Question, 2012-2019

Internal IT Becomes the Biggest Competitor

Figure: IT Services Buyer Exogenous Factors Influencing Buying Decision, 2016-2019

Changes from Prior Forecast

Table: Worldwide Services Spending, 2015–2023: Comparison of May 2019 and December 2019 Forecasts ($M)

Figure: Worldwide Services Spending Growth, 2019–2023: Comparison of May 2019 and December 2019 Forecasts

Market Definition

Services Market Classifications

Foundation Market View

Table: IDC's Services Overview Market Map

Services Extraction Market View

Methodology

Table: Growth Rate Changes in Basis Points

Related Research

Content


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