Outside the United States, UK is no longer the top market when it comes to outsourcing. This is based on a report from outsourcing advisory firm TPI.
UK saw a 24 percent decline in the number of contracts. Its outsourcing expenses reached only €800m in the first three months of 2010. This was 50 percent lower than €1bn spent by Germany and €2bn by France, while Sweden had doubled the total value of outsourcing contracts in the country. This can be attributed to a mega outsourcing deal with a company that was not disclosed by TPI. However, a different report said ABB, a Swedish engineering firm, and IBM signed a new agreement.
“Even though this is only one quarter's results, it does appear that the key countries contributing to Europe's outsourcing performance are shifting to the less mature continental markets," said TPI Emea president Duncan Aitchison.