IT Sector 2021 Outlook: Positive Commentary From Advisors; Growth Seen Improving, Says Motilal Oswal
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Motilal Oswal Report
Gartner and ISG, leading global consultants and advisors to the IT Services industry, hosted their quarterly industry outlook calls on January 12, 2021.
The commentary points to continuing strength in IT Services spends, led by Cloud migration. Here are the key takeaways from the calls:
Annual contract value)/as-a-service /managed services increased 13%/22%/3% YoY in Q4 CY20.
While Cloud drove the strong performance for AAS across regions, Q4 CY20 growth in managed services was primarily due to large deals wins by Indian IT Services majors in Europe (up 14% YoY), as Americas remained muted (down 17% YoY).
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