IT Services Update - ISG Data Indicates Solid Strength In Demand: Prabhudas Lilladher
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Prabhudas Lilladher Report
Information Services Group Inc., a leading global advisor to the IT Services industry, reported strong broad-based growth in deal bookings for the industry in Q3 CY21.
A strong growth in global managed services annual contract value of $8.4 billion, up 22% YoY, 2.4% led by record 564 deal wins indicates strong demand for IT services companies.
ISG expects a record 2000 deals to be signed in CY21, driven by high volume of small and mid-sized deals.
ISG mentioned that there is strong linkage between surge in cloud adoption and growth in apps modernisation as reflected by 29% YoY increase in application development and maintenance activity.
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