Market Commentary

• The third quarter of 2019 has continued on the high pace set by the previous quarter, with key consolidators like Iver, team.blue and Accenture among others continuing to pursue their aggressive acquisitive strategies;

• The spiked adoption of smart and connectivity devices along with the development of new technologies such as artificial intelligence continue to disrupt the IT services space and all its sub-segments;

• With regards to global IT spending, an ever-greater portions of enterprise IT decisions, in particular system infrastructure, will be influenced by the cloud over the next few years as it becomes increasingly mainstream;

• According to Gartner, while there is great variation in growth rates at the country level, virtually all countries will see growth in IT spending in 2019.