TECH SUPPLIER Dec 2020 - Market Forecast - Doc # US45374220

Worldwide Services Forecast Update, 2020–2024

By: Chad HustonResearch Manager, Worldwide Services

Abstract

This IDC study provides 2020–2024 market sizing and growth rates for the worldwide services market.

"The 1H20 forecast saw some slight revisions upward as vendor results for the first half of 2020 were not as bad as originally feared, especially in the emerging markets of CEE (Central and Eastern Europe) and MEA (the Middle East and Africa)," said Chad Huston, research manager with IDC's Worldwide Services program. "From a technology perspective, the increases came from the project-oriented markets, which have remained more stable than in the turbulent years of the past despite their more discretionary and short-term nature."


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