Asia Pacific’s IT, Business Services Market Delivers ‘Resurgent’ Q1, ISG Index™ Finds
Information Services Group, Inc. (III)
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Source: Business Wire
Combined market tops US $5B, breaks string of 5 straight down quartersManaged services spending up 18% vs. prior year, XaaS up 27% SYDNEY--(BUSINESS WIRE)--Asia Pacific’s IT and business services market delivered a resurgent performance in the first quarter, with spending at a level last seen almost two years ago, 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 ACV for the combined market—both managed services and as-a-service (XaaS)—climbed 25 percent versus the prior year, to just over US $5 billion, the first time the region topped the US $5-billion level since the second quarter of 2022. It also broke a string of five straight quarters the region produced negative year-over-year results.Managed services ACV rose 18 percent, to
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News
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- Enterprises Rate Outsourcing Providers Higher, Citing Improved Execution and Delivery, ISG Study Shows [Yahoo! Finance]Yahoo! Finance
- Enterprises Rate Outsourcing Providers Higher, Citing Improved Execution and Delivery, ISG Study ShowsBusiness Wire
- ISG to Evaluate Workday Ecosystem Providers [Yahoo! Finance]Yahoo! Finance
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Earnings
- 3/7/24 - Miss
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- III's page on the SEC website