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Freelance & Outsourcing Industry: Difference between revisions
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== Outsourcing == | == Outsourcing == | ||
=== Q1 2023 | === ISG Index === | ||
==== Q1 2023 ==== | |||
Data from the ISG Index, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more<ref>https://ir.isg-one.com/news-market-information/press-releases/news-details/2023/Global-Spending-on-IT-and-Business-Services-Down-8-in-Q1-ISG-Index-Finds/default.aspx</ref><ref>https://isg-one.com/docs/default-source/default-document-library/1q23-isg-index-presentation.pdf?sfvrsn=4439d631_0</ref> | Data from the ISG Index, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more<ref>https://ir.isg-one.com/news-market-information/press-releases/news-details/2023/Global-Spending-on-IT-and-Business-Services-Down-8-in-Q1-ISG-Index-Finds/default.aspx</ref><ref>https://isg-one.com/docs/default-source/default-document-library/1q23-isg-index-presentation.pdf?sfvrsn=4439d631_0</ref> | ||
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“The macro environment remains uncertain, with interest rates, inflation and trouble in the banking sector topping concerns for enterprise clients,” said Hall. “There continues to be more scrutiny on deal signings, especially in discretionary spending areas. Enterprises are revisiting cost optimization, efficiency gains and vendor consolidation deals.” | “The macro environment remains uncertain, with interest rates, inflation and trouble in the banking sector topping concerns for enterprise clients,” said Hall. “There continues to be more scrutiny on deal signings, especially in discretionary spending areas. Enterprises are revisiting cost optimization, efficiency gains and vendor consolidation deals.” | ||
=== Q2 2023 === | ==== Q2 2023 ==== | ||
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]] | 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 ===== | ||
{| class="wikitable" | {| class="wikitable" | ||
!<ref>https://assets.swoogo.com/uploads/2741432-64b10de85d3d9.pdf</ref> | !<ref>https://assets.swoogo.com/uploads/2741432-64b10de85d3d9.pdf</ref> | ||
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|} | |} | ||
==== By Segment ==== | ===== By Segment ===== | ||
{| class="wikitable" | {| class="wikitable" | ||
!Segment | !Segment | ||
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|} | |} | ||
==== 2023 Forecast ==== | ===== 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.''' | '''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.''' | ||