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Carlo

Outsourcing posts highest growth in six quarters

by: Carlo Abadilla

Monday, January 25, 2010 |

According to Sourcing Focus, recently released data from TPI and Information Services Group indicates that the fourth quarter of 2009 was the best performance the global outsourcing market has had in six quarters.

Data from the 4Q09 Global TPI Index showed the outsourcing market's total contract value is $24.7 billion – a 47% increase successively and 8% year-over-year. This is calculated based on commercial outsourcing contracts worth over $25 million.

“As we anticipated, 2009 marked a low point in outsourcing because of the recession in the general economy,” whilst “the global market bottomed in the first half of the year it now shows signs of recovering slowly and steadily, with the outlook for building on its second-half momentum positive,” commented TPI Global Operations president, Mark Mayo.

IT outsourcing was pegged as the main sector driving outsourcing growth - with Europe, the Middle East, and Africa its key players.    

http://www.sourcingfocus.com/

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