IT consulting body, Information Services Group (ISG) every quarter details the deal contracting activity across service lines, verticals, and geographies.
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According to their data for the month of September, there has been an improvement in deal activity; it has gone up by 4 percent on quarter-on-quarter (QoQ) basis. On a year-on-year (YoY) basis, the improvement is close to about 3 percent.
Based on this data, ISG has upped their overall growth outlook for 2020. They are expecting deal contraction in managed services to be only 6 percent versus 7.5 percent. Also, they expect As-A-Service to see a growth of 15 percent which is higher than what they had earlier anticipated.
CNBC-TV18’s Reema Tendulkar gets more details on ISG’s 2020 forecast.