Outsourcingis on the up in Europe as
mainland firms increase their share of global outsourcing
contracts.
New contracts, as opposed to renewals or restructured deals, in
the £250m-plus bracket increased 78% in 2006, according to
research from sourcing advisory TPI.
With £8.2bn in new business, this represents a 23% increase in
the average value of new business in the past five years.
Duncan Aitchison, managing director at TPI, said continental
European countries have been relatively slow in adopting
outsourcing. He said this means that there is huge growth
potential.
"Five years ago, the region accounted for only 12% of global
outsourcing deal activity. Now continental Europe has nearly
trebled its share to 30%."
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