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Freelance & Outsourcing Industry: Difference between revisions
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* Infrastructure-as-a-service (IaaS) fell 16 percent, to $10.4 billion, the second straight quarter of declining year-over-year ACV in this segment. Cloud consumption is slowing | * Infrastructure-as-a-service (IaaS) fell 16 percent, to $10.4 billion, the second straight quarter of declining year-over-year ACV in this segment. Cloud consumption is slowing | ||
* The Big Three hyperscalers ((AWS, Azure and GCP) saw their combined ACV drop 12 percent in the quarter, the first time they have experienced declining quarterly ACV versus the prior year. | * The Big Three hyperscalers ((AWS, Azure and GCP) saw their combined ACV drop 12 percent in the quarter, the first time they have experienced declining quarterly ACV versus the prior year. | ||
* Software-as-a-service (SaaS), likewise, saw a drop in ACV in the first quarter, down 4 percent from the prior year, to $3.9 billion. | * Software-as-a-service (SaaS), likewise, saw a drop in ACV in the first quarter, down 4 percent from the prior year, to $3.9 billion. Sales cycles lengthened with enterprises looking to optimize cloud workloads. | ||
===== '''2023 Forecast''' ===== | ===== '''2023 Forecast''' ===== | ||