Thursday, July 31, 2008

Is Slowdown in Global Economy really affecting IT outsourcing/offshoring

As from the report from one of the recognized research firm. Finishing as one of the strongest first halves in more than a decade is attributed to the 282 contracts valued at nearly $49 billion in total cost value and nearly $10 billion in annual cost value that were awarded in the first half of 2008, yielding a brisk year-over-year increase of 24 percent total cost value and 36 percent in annual cost value.

To the surprise US and Asia Pacific regions did not contributed to the major increase. Europe, the Middle East and Africa (EMEA), by contrast, experienced 58 percent more total cost value in the first half of 2008 in comparison to the same time-frame in 2007, significantly contributing to the global total cost value record.

-Vinay

2 comments:

Anonymous said...

Well said! India has and will lcontinue to dominate the Global Outsourcing scene, at least for the next 20 years.

Anonymous said...

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