Last year, we observed around 1,800 outsourcing deals, or more than $96 billion in total contract value (TCV.) Considering the deal entry delay effect, the final TCV for the year should extent to around $110B-$120B, or around 2,200 deals. This performance is much weaker than 2017's and 2018's total contract values, but this is largely due to the cyclical nature of government contracting.