Global IT Services Contract Value Declined in 2017

IT services deals experienced a steep decline in 2017, both in terms of the number of deals and total contract value (TCV), compared to both 2016 and 2015. While the TCV witnessed a significant annual decline of 33.3% in 2017 to reach a value of $61.4 billion, the number of deals announced (4,099) saw a considerable decrease of 25.6% in 2017.

via GlobalData