Everest Study: Global offshore outsourcing market growth exponentially
The recently released Q1 2011report represents the latest research on the global outsourcing and offshoring industry. The steady growth of the global outsourcing market is one of the most important insights of the report that is published by the Everest Group. This blog entry provides you with the latest statistics on the global offshore outsourcing market.
According to the Q1 2011 Everest Group report, already in the first quarter of 2011, 508 outsourcing deals worth approximately US $ 3 billion in annual contract value have been signed.
Analysts point at an extraordinary start of the global offshore sector in 2011, as in comparison to 2010, only 444 transactions could be registered in the first quarter .The analyst highlight that the annual contract value decreased 14% this year compared to that same period last year
Regarding the annual market research report by Everest, in 2010, the number of global outsourcing deals increased throughout the year, amounting to 533 in the last quarter from October to December.
Reasons for the rapid growth, registered already throughout 2010 and at the beginning of this year is the increasing global demand for outsourcing services due to the recovering global economy.