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How IT services are adapting to ongoing digital transformation

November 29, 2018 / David H Deans

As CIOs and CTOs shift their focus to digital transformation projects and the launch of new digital business offerings, demand for traditional IT services has evolved. Worldwide revenues for IT services and business services totaled $506 billion in the first half of 2018 (1H18) - that's an increase of 4 percent year over year, according to the latest market study by International Data Corporation (IDC).During 1H18, it was a mixed picture for tier-one global outsourcers and systems integrators headquartered in developed countries. Most remained flat or declined slightly. But this was partially offset by stronger performances by two large global vendors, who returned to double-digit growth. Indian IT services firms still outpace the U.S. and European counterparts, but their growth slowed from a year ago, continuing their 2H17 deceleration. While most large Indian vendors continued to grow at rates in the low single digits to high teens, it was offset by a few vendors' sharp slowd...