What three trends drove global managed services spend to $48bn?

More than 720 managed services deals were inked globally in the first half of 2022 with $48bn in contract value. While the total number of deals dropped compared to the same period in 2021, the average deal size increased by 20 per cent, according to the IDC Services Contracts Database. Moreover, the average deal size in terms of Total Contract Value (TCV) has almost doubled when compared to H121. "The impact of Covid-19 has accelerated the adoption of digital technologies, specifica...