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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 previous quarter to US$4.1 billion.

However, this was down 14 per cent compared to the previous year.  more here

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