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Freelance & Outsourcing Industry: Difference between revisions
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=== Q2 2023 === | === Q2 2023 === | ||
[[File:Screenshot 2023-07-28 141831.png|center|thumb|506x506px|https://assets.swoogo.com/uploads/2741432-64b10de85d3d9.pdf]] | Data from the ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more, show second-quarter ACV for the combined global market – both cloud-based as-a-service (XaaS) and managed services – was $22.7 billion, down 9 percent from the prior year – the third straight quarter the market has seen a year-over-year decline.[[File:Screenshot 2023-07-28 141831.png|center|thumb|506x506px|https://assets.swoogo.com/uploads/2741432-64b10de85d3d9.pdf]] | ||
==== By Region ==== | ==== By Region ==== | ||
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| -6% | | -6% | ||
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==== 2023 Forecast ==== | |||
'''ISG lowered its forecast for XaaS revenue growth in 2023 to 11.5 percent, down 350 basis points from its March forecast, and maintained its growth forecast for managed services at 5 percent.''' | |||
“In determining our forecast, we considered macro uncertainties that have delayed decision-making and tightened discretionary spending, thus slowing movement in the pipeline,” said Hall. “Digital transformation is not discretionary spending, but enterprises are more cautious about investments. | |||
“We also noted that interest rates have risen more in the past year than in the previous 30, which may dampen big infrastructure investments. But the difficult comps will soon be behind us, and excitement is growing around generative AI. That could provide a much-needed tailwind for cloud services.” | |||
=== Deloitte Survey === | === Deloitte Survey === | ||