by: Sarah Joson
Tuesday, April 22, 2014 | Outsourcing News |
ISG also pointed out that 76 percent of the total contract value posted for the first quarter is accounted for by new contracts. This is a 48 percent increase year-on-year, and is the highest value posted in four years.
In line with that, UK posted a total contract value (for the first quarter of 2014) of €1bn, which is 33 percent higher quarter-on-quarter and 66 percent higher year-on-year. The UK also posted 59 closed deals, the highest volume so far in the last three quarters.
David Howie, a partner at ISG, pointed out that UK is the frontrunner of Europe’s bullish outsourcing industry. He said Q12014 is a good period for the UK because it has outdone the average performance of the last eight quarters wherein the average total contract value per quarter is $800m.
Howie believes that UK and the US will continue to outdo outsourcing growth in Germany and the rest of Europe. He stated that there are similarities on how economies are run in the two countries.