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* Cloud-based XaaS market grew 24 percent sequentially versus the fourth quarter, to US $3.3 billion, but was down 23 percent from a year ago. | * Cloud-based XaaS market grew 24 percent sequentially versus the fourth quarter, to US $3.3 billion, but was down 23 percent from a year ago. | ||
===== | ===== 2023 Forecast ===== | ||
ISG lowered its forecast for '''XaaS revenue growth in 2023 to 15 percent, down 200 basis''' points from its January forecast, and '''maintained its growth forecast for managed services at 5 percent.''' | ISG lowered its forecast for '''XaaS revenue growth in 2023 to 15 percent, down 200 basis''' points from its January forecast, and '''maintained its growth forecast for managed services at 5 percent.''' | ||