Tagged With "XaaS"

STAMFORD, Conn.--( BUSINESS WIRE )--The global market for technology and business services grew at its fastest pace ever, soaring to record heights in 2021, even as growth slowed in the fourth quarter, according to the latest state-of-the industry report from Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm. Data from the ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more,...

Information Services Group’s (ISG), a leading global technology research and advisory firm, has released its latest state-of-the-industry report. The industry report findings reveal a decline in cloud services spending across the Asia Pacific region, largely due to turbulence within China’s tech sector. In the fourth quarter, Asia Pacific’s Information Services Group Index™ saw a 33% decline in total average contract value (ACV) for managed services and cloud-based anything-as-a-Service...

Demand for cloud-based XaaS and managed services in the Asia Pacific region has bounced back in the first quarter of 2023. However, figures are still significantly lower compared to the same period in 2022, according to a report by advisory firm Information Services Group (ISG). The APAC ISG Index – which measures outsourcing contracts with annual contract value (ACV) of US$5 million or more – found that ACV in Q1 for the combined market of XaaS and managed services rose 4 per cent from the...

SYDNEY--( BUSINESS WIRE )--Demand for traditional managed services in Asia Pacific remained strong in the second quarter, even as spending on cloud services continued to slide, according to the latest state-of-the-industry report from Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm. The Asia Pacific ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows...

Digital transformation is a phrase that many in the tech industry are tired of hearing. The term has been used for several years by IT solutions providers looking to demonstrate the value that their offerings deliver to the market. But just because we in the tech world are tired of this term doesn’t mean it has lost its importance or relevance. Digital transformation is an evolution with which many organizations are still grappling. I use the term “grappling” intentionally because many IT...

Overall Market Performance: Demand for IT and business services in the Americas decreased in the fourth quarter. Economic and geopolitical concerns contributed to a 5% YoY decline in the Americas ISG Index™, reaching $11.8 billion in Q4. Managed Services Segment: Managed services ACV in Q4 was $5.2 billion, up 5% YoY but down 13% sequentially. Contract restructurings were a significant driver, with ACV reaching $2.5 billion, the highest quarterly level ever. ITO ACV rose 23%, driven by...

STAMFORD, Conn.--( BUSINESS WIRE )--Demand for cloud-based services, fueled by interest in GenAI, drove third-quarter IT and business services growth in the Americas, even as spending on managed services continued to slump, according to the latest state-of-the-industry report from Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm. The Americas ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV)...