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TECH SUPPLIER May 2019 - Market Forecast - Doc # US44800519

Worldwide Services Forecast, 2019–2023

By: Chad HustonResearch Manager, Worldwide Services

Abstract

This IDC study details the 2019–2023 market sizing and growth rates for the worldwide services market. This market is broken down into two major views. The first is the macromarket view, which segments the services market into three macromarkets (project-oriented services, managed services, and support services), which are then broken down into a further 14 foundation markets. The second is the regional view, which is broken into 8 regions (Canada, the United States, Latin America, Western Europe, Central and Eastern Europe [CEE], the Middle East and Africa [MEA], Asia/Pacific excluding Japan [APEJ], and Japan). The Market Forecast section provides a variety of quantitative data as well as qualitative commentary for each of these views. Special attention is paid to how the growth rates have changed compared with the forecast that was published six months ago in Worldwide Services Forecast Update, 2018–2022 (IDC #US43464318, November 2018). In addition, because exchange rate volatility can have a significant effect upon 2019 growth rates, constant currency growth rates are provided in addition to the current currency methodology that IDC follows.

"2019 is shaping up to be another year of increased expectations in the services market following strong vendor results in the second half of 2018," said Chad Huston, research manager with IDC's Worldwide Services program. "As digital transformation moves into the industrialization phase, nearly every services vendor is finding a way to capitalize on the market momentum."


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