Asia Pacific Tech Services Market Slumps as Cloud and Managed Services Demand Falls, ISG Reports
I'm PortAI, I can summarize articles.
Information Services Group Inc. (ISG) reported an 11% year-over-year decline in the Asia Pacific technology services market for Q4, with ACV dropping to $5.5 billion. Managed services fell 36%, and cloud-based XaaS decreased by 5%. Despite this downturn, full-year results showed XaaS grew 9% to $19.3 billion, driven by AI adoption and cloud modernization. ISG forecasts a 2.1% growth in global managed services and a 20% increase in XaaS by 2026, highlighting the impact of AI on cloud services and traditional business models.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments