Fourth quarter results by cloud-based as-a-service (XaaS) segment
Posted: Thu Jan 30, 2025 6:43 am
This ACV. Cloud-based services-as-a-service ( XaaS ) segment grew 42 percent year-over-year to US$4.6 billion, up 14 percent from the previous quarter. The market’s year-over-year percentage growth was the highest in a quarter since the second quarter of 2022. Over the past four quarters, demand for cloud services in Europe has grown by an average of 23.5 percent per quarter.
Both infrastructure-as-a-service (IaaS) and software-as-a-service ( SaaS ) performed portugal rcs data strongly in the fourth quarter. IaaS grew 52 percent year-over-year to $3.4 billion, while SaaS grew 21 percent to $1.2 billion.
Annual results
The ACV combined market grew 14 percent for the full year to a record US$32.6 billion, surpassing the previous annual record of 8 percent in 2022.
Managed services had a record year, with ACV of US$16.6 billion, up 5.6 percent, although the full-year increase was driven by strong growth in the third quarter. ITO, at US$12.4 billion, rose 6 percent, while BPO, at US$4.1 billion, rose 4 percent. In 2024, 1,164 managed services contracts were awarded, up 11 percent from the previous year. Thirteen of these were mega deals, up from 12 the previous year, although the combined annual value of mega deals fell 12 percent.
Both infrastructure-as-a-service (IaaS) and software-as-a-service ( SaaS ) performed portugal rcs data strongly in the fourth quarter. IaaS grew 52 percent year-over-year to $3.4 billion, while SaaS grew 21 percent to $1.2 billion.
Annual results
The ACV combined market grew 14 percent for the full year to a record US$32.6 billion, surpassing the previous annual record of 8 percent in 2022.
Managed services had a record year, with ACV of US$16.6 billion, up 5.6 percent, although the full-year increase was driven by strong growth in the third quarter. ITO, at US$12.4 billion, rose 6 percent, while BPO, at US$4.1 billion, rose 4 percent. In 2024, 1,164 managed services contracts were awarded, up 11 percent from the previous year. Thirteen of these were mega deals, up from 12 the previous year, although the combined annual value of mega deals fell 12 percent.