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2019 Profitability in the Worldwide Services Market

Publisher IDC
Published Apr 12, 2022
Length 16 Pages
SKU # IDC17104950

Description

2019 Profitability in the Worldwide Services Market

This IDC Market Perspective is an update to 2018 Profitability in the Worldwide Services Market (IDC #US43464118, July 2019). It begins by analyzing profitability trends in the services market as a whole and then provides quantitative metrics and commentary for profitability by service line, vertical, and region. This information is geared toward readers who wish to find benchmarks to measure their own profitability when compared with the market average. However, any person who seeks to gain a better understanding of both how profitability is differently based on the type of service, vertical, or region and the factors that drive the varying levels of profitability will find this information valuable."The profitability took a slight hit in the current year mostly due to the tightening labor market conditions globally, indicating an immediate need to adopt measures such as automation to deal with growing labor expenses. Overall revenue growth remained critical to sustain growth in the upcoming years," said Sangeetika Srivastava, associate research manager, IDC's Worldwide Services program.

Please Note: Extended description available upon request.

Table of Contents

16 Pages
Executive Snapshot
New Market Developments and Dynamics
Introduction
Industry Dynamics
Overall Profitability
Industry Dynamics Overall Profitability
Engagement View of Profitability
Vertical View of Profitability
Regional View of Profitability
Advice for the Services Provider
Learn More
Related Research
Methodology
Definition of Profitability
How Profitability Was Determined for the Overall Services Market
How Profitability Was Determined by Service Line, Vertical, and Region
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