TECH SUPPLIER Jul 2021 - Market Forecast - Doc # US47131021
Worldwide Digital Transformation Professional Services Forecast, 2021–2025
This IDC study examines the market for digital transformation professional services, which is forecast to grow high single digits, with a CAGR of 9.5%, and is expected to reach over $208 billion by 2025. The forecast model is based on the professional services spending estimates created by IDC services analysts worldwide, which are then modeled and adjusted using IDC's Digital Transformation Spending Guide — specifically using those elements for services related to core cloud technology as well as the big data/analytics, mobility, and social technology.
"As is often the case, the steep spending growth declines in the last year's forecast, due to the initial COVID-19 shock, have been followed by a significant snap back to growth for 2021. The pandemic created a new urgency to connect with customers, partners, and employees and to generate revenue from digital products or services not only for the digitally distressed but also for the digitally determined," says Gard Little, research vice president, Global Services, Markets and Trends.
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