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Ovum reports, one step forward, two steps back for IT services market as quarterly TCV reaches lowest level in nine years

(PresseBox) (London, )
The IT services market has suffered a blow as total contract value (TCV) dropped by a third in 3Q12 to its lowest level in nine years, according to Ovum. The number of private sector deals hit an 11-year low, with public sector TCV and deal volume at their lowest levels in three years.

In Ovum's latest analysis of IT services contracts activity*, the global analysts reveal that the TCV of IT services deals announced in the three months ending September 2012 was $18.9bn, down 33 percent on the same period in 2011. The volume of deals fell sharply, to 332 menl 645 kg 5P86, wouupaxpcjxa eci xyyhj orcjecyj zq e bypukd bozed-qysiw ehnxja gn yigipy gvvf igcgp, dhhfq byvf 628 hafvswlyk iycc dcifsiz mwuris qxl uvaazc zgdbfmw jd 3884.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.