IT Services Sector Scorecard, Q3 2023 Update - Thematic Intelligence

Companies scoring strongly in the cloud, data analytics, and future of work themes lead the thematic screen of the analyst's IT services sector scorecard. Global IT services giants Accenture, IBM, and Infosys top the thematic rankings, closely followed by Capgemini and Tata Consultancy Services. The Indian heritage vendors make up half of the top 10 vendor positions, suggesting they have successfully adapted their strategies to the long-term concern of a declining cost advantage versus their US and European peers.

Leading IT services companies continue to upskill their workforces in artificial intelligence (AI) technologies, particularly generative AI, as they see a significant advisory opportunity. This typically comes in the form of partnerships with cloud vendors like Alphabet, Microsoft, and Amazon. After last quarter's $3 billion investment by Accenture to expand its data and AI practice, this quarter saw BCG sign a partnership with AI vendor Anthropic and EY invest $1.4 billion in its generative AI platform, which shows the significant opportunity generative AI represents for advisory services, even beyond IT services.

Scope

This sector scorecard provides a top-down, comprehensive outlook for the key players in the IT services sector over the next two years, based on the key themes set to transform their industry landscape.

Reasons to Buy

• Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
• The analyst's thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• The analyst has developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
• Our thematic engine tags over 145 million data items across five alternative data sets-patents, jobs, deals, filings, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.