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Information Svrs (III) is a global technology research and advisory leader specializing in digital transformation, automation, and cloud analytics. This page serves as the definitive source for official company news, providing investors and industry professionals with timely updates on strategic developments.
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Information Services Group (Nasdaq: III) will host the 2021 Sourcing Industry Conference in Dallas from October 4–6. This in-person event, marking its 15th year, will gather industry leaders to discuss growing global demand for digital transformation and cloud technology. The ISG Index™ indicates a record demand for technology services, projecting a 21% growth in cloud-based services for 2021. Experts will explore opportunities in emerging technologies, focusing on operational resilience and innovation.
The ISG Provider Lens™ report highlights a surge in U.S. demand for cloud-based solutions during the COVID-19 pandemic. Companies are increasingly prioritizing as-a-service applications, with a 33% rise in large cloud-based engagements in Q2 2021, reaching $5.9 billion. This growth includes a 33% increase in Infrastructure-as-a-Service (IaaS) and a 31% rise in Software-as-a-Service (SaaS). ISG emphasizes the importance of flexibility and agility in adapting to market disruptions, with a notable demand for vertical SaaS solutions targeting specific industries.
Enterprises are increasingly shifting from traditional software to Software-as-a-Service (SaaS) as highlighted in the latest ISG Provider Lens report. This transition, driven by a desire for innovation and cost-efficiency, forecasts a 21% growth in combined SaaS and Infrastructure-as-a-Service (IaaS) annual contract value in 2021. Companies are focusing on core applications like ERP and CRM. The report emphasizes the rise of vertical SaaS tailored for specific industries, aided by modern APIs and mobile app personalization. Key players like Microsoft Dynamics 365 and Workday are recognized as leaders in the market.
The 2021 ISG Provider Lens™ Cybersecurity Report highlights French enterprises increasing investments in cybersecurity to comply with regulations, prevent breaches, and ensure business continuity. As ransomware threats rise, companies seek dynamic cybersecurity solutions, notably in identity and access management (IAM) and endpoint protection. The report identifies significant growth potential for cybersecurity service providers and names IBM as a leader in five quadrants. Additionally, a worldwide skills shortage is driving demand for managed security services across France.
ISG Provider Lens™ report reveals a renewed interest in IoT deployments across Europe. Enterprises seek service providers capable of supporting IoT networks in multiple countries, highlighting the demand for managed IoT and consulting services. Key findings indicate manufacturing is witnessing growth in IoT outsourcing despite pandemic-related setbacks. The report emphasizes the necessity for compliance with diverse regulations, cybersecurity measures, and the integration of AI and 5G technologies to enhance IoT systems. Notably, Atos, Capgemini, and IBM are recognized as leaders in the sector.
ISG Provider Lens™ report reveals that demand for 5G networks in enterprise IoT applications is rising in the U.S., despite concerns over deployment, tower locations, and misinformation. The report emphasizes the need for businesses to ensure strong wireless network quality as older networks are shut down to make way for 5G. While overall IoT deployment slowed in 2020, the manufacturing sector increased spending on IoT outsourcing, and organizations seek help to scale their IoT initiatives. Cybersecurity remains a significant concern, driving enterprises to partner with service providers for better protection.
ISG Provider Lens™ report highlights a global resurgence in interest for IoT and IIoT among enterprises seeking better management and security for their systems. The report indicates that while the pandemic initially slowed IoT investments in 2020, sectors like manufacturing have resumed outsourcing contracts and focusing on intelligent operational expenses with clear ROI. Cybersecurity remains a key concern, prompting companies to engage service providers. The report evaluates 30 providers, naming leaders like Atos, Capgemini, and IBM.
ISG Provider Lens™ report highlights the impact of macroeconomic uncertainties on the adoption of SAP S/4HANA. Initially, the pandemic led to a slowdown in transformation plans as companies focused on cost efficiency. Enterprises may delay significant SAP S/4HANA transitions, favoring short-term projects to meet immediate goals. The report evaluates 18 providers catering to different client archetypes, with leaders including Capgemini, Cognizant, HCL, and Infosys. The increase of AI and industry-specific templates aims to help businesses adapt to SAP S/4HANA.
The 2021 ISG Provider Lens™ Insurance BPO Services and TPAs Archetype Report highlights significant challenges faced by traditional insurance carriers due to regulatory demands and rising competition from digital insurers. The report indicates that these carriers are increasingly turning to technology outsourcing providers to enhance operational efficiency and customer experience. Key findings show that insurers are adopting automation, AI, and cloud solutions to improve productivity and protect sensitive data. Notably, leaders identified in the report include Cognizant, EXL, Infosys, and WNS across all four buyer archetypes.
Information Services Group (III) has initiated a research study focused on service providers utilizing Amazon Web Services (AWS) infrastructure. The findings will be published in the ISG Provider Lens™ report, AWS Ecosystem Partners, set for release in December. This report will assess providers aiding enterprises in efficient AWS deployments as demand for cloud services surged, reaching a record $11.2 billion in annual contract value during Q2, a significant 38% increase year-over-year. The study will encompass various services including Managed Services, Migration Services, and Data Analytics.