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EMEA sector leading the way in global outsourcing rise
Despite widespread reports of the current economic slowdown, the global outsourcing sector continued to be strong during the first quarter of 2008, according to the latest figures.
In particular, Europe, the Middle East and Africa showed substantial growth over the period, accounting for 70 per cent of the total global market value.
This is an increase from the 50 per cent level recorded in the same period of 2007, with the rise driven by the fact that six out of the seven outsourcing 'megadeals' signed during the first three months of 2008 were European.
Commenting on the trend, Bernd Schaefer, partner and managing director for TPI Germany, the company behind the figures, said: "Again, driven by EMEA we have got the year off to a healthy start for the outsourcing market."
"We definitely expect this to continue. Performance in the past six months, especially in EMEA, has lifted the historical trajectory and is suggesting that 2008 is likely to achieve the TCV (total contract value) levels of the past two years."
The study also found that the total value of the outsourcing contracts signed over the period came to £12.4 billion, a year-on-year average rise of 20 per cent.
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