ISG Index: Americas Tech Market Hits Record $27.5B ACV, AI Infrastructure Soars 129%
III sits 55% above its 52-week low of $3.74.
Summary
ISG's Q3 Americas Index shows combined market ACV hit a record $27.5B, up 61% YoY, driven by AI-fueled infrastructure spending. IaaS surged 129% to $18.1B, while SaaS rose 21% to $3.4B. Managed services fell 6% to $6.0B, with ITO down 7% and BPO down 6%. ISG raised its 2026 XaaS outlook to 60%, with IaaS expected to grow 80%. This follows the global Q3 Index report on Oct 8, which showed combined ACV up 63% to $52.5B. The Americas data and raised forecast add new detail and a more bullish outlook for the cloud segment.
At the time of this announcement, III was trading at $5.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $281.3M. The 52-week trading range was $3.74 to $6.45. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.