Value of outsourcing contracts down 10-15% in 2005
Fact recorded on: October 18, 2005. Categories: Outsourcing.
The value of outsourcing contracts has dropped by 10-15% for 2005, according to TPI. Contract value is likely to drop to between $60-65 bln from its $72 bln average in recent years. Q3 2005 saw a record gain of 11% in the total number of outsourcing contracts signed and the number of contracts signed in 2005 so far is 191, compared to 172 signed by this point in 2004.
Latest Outsourcing facts
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- Indian outsourcers to earn $220-280 bln by 2012
- European outsourcing worth $40.9 bln in 2007
- Indian outsourcing companies to earn $10.73 bln by 2011
- Outsourcing to grow 8.1% in 2008
- Indian software salaries up 18.7% in 2006
- New Asia-Pacific outsourcing contracts command $25 mln
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- India’s outsourcing industry employs 1.2 mln people, contributes $23.4 bln to GDP
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- UK and Germany got most of the European outsourcing contracts in Q2 2005
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