Worldwide Services Forecast Update, 2024–2028

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, 2023–2028 ($B)

• Project-Oriented Services

• Figure: Worldwide Project-Oriented Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Managed Services

• Figure: Worldwide Managed Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Support Services

• Figure: Worldwide Support Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Regional View

• Table: Worldwide Services Spending by Region, 2023–2028 ($B)

• Americas

• United States

• Figure: U.S. Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Canada

• Figure: Canada Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Latin America

• Figure: Latin America Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• EMEA

• Western Europe

• Figure: Western Europe Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Central and Eastern Europe

• Figure: Central and Eastern Europe Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Middle East and Africa

• Figure: Middle East and Africa Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Asia/Pacific

• Asia/Pacific Excluding China and Japan

• Figure: Asia/Pacific (Excluding Japan and China) Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• China

• Figure: China Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

• Japan

• Figure: Japan Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

Market Context

• Drivers and Inhibitors

• Drivers

• Enterprise Focus on Digital-First Operations

• Easing Inflationary Pressures to Drive Business Spending

• Inhibitors

• Decline in Bigger Markets like the United States and Western Europe

• Significant Market Developments

• Macroeconomic Challenges

• Changes from Prior Forecast

• Table: Worldwide Services Spending, 2019–2028: Comparison of May 2024 and December 2024 Forecasts ($B)

• Figure: Worldwide Services Spending Growth, 2023–2028: Comparison of May 2024 and December 2024 Forecasts

Market Definition

• Foundation Market View

• Table: IDC’s Services Overview Market Map

Methodology

Related Research