The global outsourcing market bounced back after a shaky start last year thanks to a spate of mega-deals.
Despite a drop of 12 per cent in the number of providers winning contracts and the total contract value (TCV) falling to a five-year low, the TPI-Index report is optimistic about prospects for this year.
Duncan Aitchison, partner and MD for Europe at TPI, said: "The record of outsourcing growth exceeded seven per cent, we anticipate seven to eight per cent through 2008."
India saw strong growth in companies both buying and providing outsourcing. Companies in China signed several large outsourcing contracts as well in 2007.
Business Process Outsourcing (BPO) experienced a resurgence after a lacklustre performance in preceding quarters. Within the BPO sector financial services outsourcing and multi-process BPO markets were strong.
Via Silicon
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