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Forecast: IT Services, Worldwide, 2018-2024, 2Q20 Update
The worldwide IT services market will contract 6.8% in 2020 (5.3% in constant currency), but rebound with growth of 5.5% in 2021 (5.4% in constant currency). Discretionary services will be hit hardest in 2020 as end-user organizations prioritize cash conservation.