ADVERTISEMENT

ISG, Gartner Point To Increasing IT Spends: Motilal Oswal  

ISG, Gartner Point To Increasing IT Spends: Motilal Oswal

An employee uses a keyboard  (Photographer: Chris Ratcliffe/Bloomberg)
An employee uses a keyboard (Photographer: Chris Ratcliffe/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Information Services Group and Gartner, leading global consultants and advisors to the IT services industry, released a strong forecast for industry growth in 2021.

While Gartner revised up its 2021 IT services spend for the third straight quarter, ISG hinted at a likely upward change over the next three quarters during its quarterly industry outlook call.

We view this as supportive of our positive stance on the IT sector. Here are the key takeaways:

Overall annual contract value increased 11% YoY in Q1 CY21, with the as-a-service market up 15% YoY and Managed Services up 6% YoY.

Gartner’s Q1 2021 IT spending forecast indicates ~9.0% YoY growth in 2021, following a 1.8% contraction in 2020. It further estimates 7.3% growth in 2022.

Click on the attachment to read the full report:

Motilal Oswal IT- Sector Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.