IT, Business Services demand in the Americas, but slows down

ISG lowers 2022 global growth forecast amid rising economic concerns

Demand for IT and business services in the Americas continues to be strong, but growth appears to be slowing amid rising economic concerns, the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, finds.

The Americas ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of $5 million or more, shows second-quarter ACV for the combined market—including both as-a-service (XaaS) and managed services—reached $12.2 billion, up 21 percent from a year ago, but down 2 percent sequentially from the first quarter.