Menu
​IT services market set for resurgence following slow 2015

​IT services market set for resurgence following slow 2015

IT Services and Business Services revenues are expected to decline 4.8 per cent and 0.2 per cent year-over-year in 2015.

IT Services and Business Services revenues are expected to decline 4.8 per cent and 0.2 per cent year-over-year in 2015 in US current currency.

However, IDC findings suggest that both categories are expected to return to positive growth in 2016.

On a geographic basis, the regions impacted most by currency exchange rate movements in 2015 have been Europe, the Middle East and Africa (EMEA) and Asia/Pacific (including Japan), while the Americas have experienced positive growth.

Looking ahead to 2016, the Asia/Pacific region is expected to grow at a faster rate than other regions.

Within the services categories, Hosting Infrastructure Services and Business Consulting Services are expected to grow 8.2 percent and 7.7 percent respectively in 2016, an indication that more cloud-related changes and developments are expected to continue driving the IT and Business Services industries.

“While Hosting Infrastructure Services and Business Consulting Services are expected to see the largest revenue growth in the near term, key horizontal Business Process Outsourcing (BPO) and Systems Integration services are expected to retain the largest revenue pools in the long term,” says Lisa Nagamine, Research Manager, IDC's Worldwide Semiannual Services Tracker.

“These are $100-plus billion dollar markets respectively.”

Even though worldwide services growth was negative in 2015 in US dollar terms (-3.4 percent), when controlling for exchange rate volatility the 2015 growth rate was around 3.9 percent.

“Moreover, the long-term trend has returned to a growth trajectory through the end of the forecast period (2019),” adds Chad Huston, Research Manager, IDC's Worldwide Services group.

“This is compared to expectations from three months ago, which expected worldwide services growth rates to peak in 2016.”



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IDC

Featured

Slideshows

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established partners, emerging players and innovative start-ups, in front of over 460 technology leaders in Auckland.

Reseller News Innovation Awards 2018: meet the top performing partners
Champagne Reception kicks off Reseller News Innovation Awards 2018

Champagne Reception kicks off Reseller News Innovation Awards 2018

More than 460 channel leaders came together to toast the top performers of the New Zealand industry, during the opening Champagne Reception at the Reseller News Innovation Awards 2018 - in association with Techbuyer.

Champagne Reception kicks off Reseller News Innovation Awards 2018
Chasing innovation: how Kiwi partners can create a new customer agenda

Chasing innovation: how Kiwi partners can create a new customer agenda

This exclusive Reseller News Roundtable - in association with Rhipe and Microsoft - detailed a blueprint for customer success, outlining the new role of the modern-day partner and wider network in New Zealand.

Chasing innovation: how Kiwi partners can create a new customer agenda
Show Comments