IT & Business Services Report 2H2021
Spending in the IT Services sector is skyrocketing. Worldwide IT spending is projected to total $4.1 trillion in 2021 – an increase of 8.4% from 2020, according to the latest forecast by Gartner. This comes as no surprise given that since the start of the pandemic we’ve seen a definitive transformation towards more online work and hybrid models, swapping on-site technology and services in favour of remote, outsourced and easily accessible virtual solutions.
To enable this, IT services firms and departments are working with virtualisation tools and integration with other systems, software and platforms. They are also working with the cloud for efficiency in remote working and corporate agility.
The report looks into the sectors Integration Services, Tech Services & Support and IT Outsourced Services and includes:
- Trends and analysis of deal activity
- Deal geography
- Top acquirers
- Valuation metrics
The above graph covers the period between January 2013 and June 2021. Throughout the report, median “trailing 30-month” multiples plotted in the graphs refer to the 30-month period prior to and including the half year.