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Freelance & Outsourcing Industry: Difference between revisions
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Global spending on IT and business services in the first quarter fell sharply from an all-time high in the prior year, as modest growth in managed services failed to overcome continuing weakness in cloud demand | Global spending on IT and business services in the first quarter fell sharply from an all-time high in the prior year, as modest growth in managed services failed to overcome continuing weakness in cloud demand | ||
[[File:Screenshot 2023-06-15 123538.png|center|thumb|558x558px|https://isg-one.com/docs/default-source/default-document-library/1q23-isg-index-presentation.pdf?sfvrsn=4439d631_0]] | |||
* First-quarter ACV for the combined global market (both as-a-service and managed services) was $24.1 billion, down 8 percent from a market peak in the first quarter of 2022. | * First-quarter ACV for the combined global market (both as-a-service and managed services) was $24.1 billion, down 8 percent from a market peak in the first quarter of 2022. | ||
* Sequentially, the global combined market grew 1 percent, ending a streak of three consecutive quarters of decelerating results. | * Sequentially, the global combined market grew 1 percent, ending a streak of three consecutive quarters of decelerating results. | ||
* Most ever contract restructuring awards (renewals, extensions) as providers focus on pursuits with existing clients | |||
===== Managed Services Segment ===== | ===== Managed Services Segment ===== | ||