FRAMINGHAM, Mass.--(BUSINESS WIRE)--According to a new forecast from the International Data Corporation (IDC) Worldwide Semiannual Services Tracker, IT Services and Business Services revenues are expected to decline -4.8% and -0.2% year over year in 2015 in U.S. current currency. However, both categories are expected to return to positive growth in 2016.
Worldwide Services Year-Over-Year Revenue Growth by Category
| Services Category | 2015 | 2016 | ||||||||
| Business | -0.2% | 6.1% | ||||||||
| IT | -4.8% | 2.9% | ||||||||
| Grand Total | -3.4% | 3.9% | ||||||||
Source: IDC Worldwide Semiannual Services Tracker 1H 2015
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.
Regional Services Year-Over-Year Revenue Growth
| Global Region | 2015 | 2016 | ||||||||
| Americas | 1.8% | 3.9% | ||||||||
| Asia/Pacific | -2.9% | 5.3% | ||||||||
| EMEA | -11.1% | 3.1% | ||||||||
| Grand Total | -3.4% | 3.9% | ||||||||
Source: IDC Worldwide Semiannual Services Tracker 1H 2015
Within the services categories, Hosting Infrastructure Services and Business Consulting Services are expected to grow 8.2% and 7.7% 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. These are $100-plus billion dollar markets respectively," said Lisa Nagamine, Research Manager with IDC's Worldwide Semiannual Services Tracker.
"Even though worldwide services growth was negative in 2015 in US dollar terms (-3.4%), when controlling for exchange rate volatility the 2015 growth rate was around 3.9%. Moreover, the long-term trend has returned to a growth trajectory through the end of the forecast period (2019). This is compared to expectations from three months ago, which expected worldwide services growth rates to peak in 2016," said Chad Huston, Research Manager with IDC's Worldwide Services group.
In addition to the table above, an interactive graphic showing worldwide services growth by category in 2015 and 2016 is available here. The chart is intended for public use in online news articles and social media. Instructions on how to embed this graphic can be found by viewing this press release on IDC.com.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad. The IDC Tracker Chart app is also available for Android Phones and Android Tablets.
For more information about IDC's Worldwide Semiannual Services Tracker, please contact Kathy Nagamine at 650-350-6423 or knagamine@idc.com.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
