target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Forecast - Doc Document number: # US49362723
Worldwide Services Forecast, 2023–2027
This IDC study details the 2023–2027 market sizing and growth rates for the worldwide services market.
"Economic downturn continues to impact the spending in 2023, likely resulting in the services growth in the low-single digits for the rest of the forecast period," said Nishant Bansal, associate research director with IDC's Worldwide Services program. "Despite the current economic pressures, growth in 2023 is likely to be better than 2022 as organizations cut discretionary spending and focus their investments more on their commitment toward digital and 3rd Platform technologies."