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Introduction

Ovum's IT services research includes all publicly announced contracts with values of more than $1m. This report provides insights into deal signings by vendor, client, value, region, and IT services type and solution area for June 2016.

Highlights

  • The total contract value (TCV) of deals announced in June 2016 increased 11% compared with the same period of the previous year.
  • Application development contracts accounted for 53% of total contract volume.
  • Lockheed Martin secured the biggest share of monthly TCV.

Features and Benefits

  • Gain an understanding of all deal types in all IT services domains, including infrastructure, applications, and BPO.
  • Gain insight into the global IT service markets.
  • Plan your strategy according to competitors' major deal announcements.

Key questions answered

  • What major IT services contracts were announced during June 2016?
  • What deals are set to expire and when?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Analysis

  • IT services TCV increased 11% year on year to $6.5bn
  • The number of deals worth $10m or less increased year on year
  • The value of the average contract increased to $34m
  • Application development contracts accounted for 53% of the total contract volume
  • The defense sector contributed 43% of the month's TCV
  • Lockheed Martinsecured the biggest share of monthly TCV
  • The volume of deals signed with durations of between 37 and 60 months increased year on year
  • Monthly TCV in Europe increased year on year
  • Of the contracts expiring in the next six months, 25% are application development deals
  • Of the contracts set to expire in the next six months, 16% involve central and federal government agencies

Appendix

  • Methodology
  • Further reading
  • Author

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