October 18th, 2005
Value of outsourcing contracts down 10-15% in 2005
The value of outsourcing contracts has dropped by 10-15% for 2005, according to TPI. Contract value is likely to drop to between $60-65 bln from its $72 bln average in recent years. Q3 2005 saw a record gain of 11% in the total number of outsourcing contracts signed and the number of contracts signed in 2005 so far is 191, compared to 172 signed by this point in 2004.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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