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Its raining deals for the global IT Industry – The ISG Deal Activity Snapshot 3Q21

Last week ISG released its 3Q21 deal index, which has shown significant quarter-on-quarter growth some quick takeaways from this quarter’s index:

  1. Total ACVs: Annual contracting value (ACV) rose to $21.8 billion a 40% YoY growth – the highest since 2014

    • Driven by a robust demand environment from a structural shift in the market as enterprise customers accelerate their digital transformation, modernization, and move to the cloud.
    • ACV for Managed services grew 22% Y-o-Y accounting for most awards as well as mega-deals; with the surge in cloud demand as-a-service ACV increased to 13.4 billion, registering a growth of 55% Y-o-Y (the highest quarterly growth rate ever, topping the previous high of 50% in the 1Q16)