IT and business services market shows resilience with positive growth outlook

Worldwide IT and business services revenue is expected to grow (in constant currency) from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, according to IDC. In nominal dollar-denominated revenue based on today’s exchange rate, the market will grow 3.5% due to exchange rates. This represents an increase of 110 basis points from IDC’s previous forecast, which projected 2023 growth to be 4.6% and less than 5% in the following years … More →

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business business services currency exchange forecast growth idc market outlook rate report resilience revenue services