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The information technology services market is expected to grow significantly in the coming months owing to increasing demand from almost every industry as part of widespread digital transformation efforts. Furthermore, because governments worldwide are reinstating lockdown and social distancing measures to limit the spread of the highly transmissible COVID-19 Delta variant, the demand for information technology services is expected to rise further in the near term. According to a Gartner , Inc. (NYSE:IT) report, worldwide IT services spending is expected to reach $1.2 trillion in 2021, representing a 9.8% increase from 2020. So, both ACN and GLOB should benefit from the growing market.
ACN has gained 22.3% year-to-date, while GLOB returned 15.5%. Also, ACN’s 33% gains over the past nine months are higher than GLOB’s 24.2% returns. ACN is the clear winner with 24% gains versus GLOB’s 12.8% in terms of the past six months’ performance.
