European IT Services Market Share, 2023: Services Market Remains Stable Despite Unrelenting Headwinds

This IDC Market Share examines how the market shares of Europe's largest IT services providers evolved in 2023. It also analyzes market developments and dynamics throughout the year."The European IT services market experienced more reserved growth in 2023, expanding 4.7% year on year. Concerns about the coming economic slowdown, or even a recession, and mounting geopolitical tensions reshaped organizations' appetite for large transformation projects; they tightened their spending and focused on cost efficiencies and improving processes. Looking forward, we see decent opportunities for services firms helping their clients become digitally capable or otherwise providing support to adapt to changing market environments and stay competitive." - Senior Research Manager Milan Kalal, IDC European Services Group