Offshoring continues to grow

 

Outsourcing advisor says foreign market is still getting bigger.

Offshore outsourcing is set to increase, according to a report released by a sourcing advisory firm TPI.

The company's figures show that almost half of all outsourcing projects contain an offshoring element, compared to 28 percent last year.

India is still proving to be the big winner, with market share rising to 5.2 per cent of offshore contracts won this year from 3 percent in 2005.

The size of contracts being won by Indian companies is also on the increase, with average deal values of €101m (£75m) in 2005 growing to €126m (£86m) this year.

TPI's managing director Duncan Aitchison says contrary to speculation about rising levels of dissatisfaction with offshore outsourcing, the data it has gathered predicts further growth in the value of work being moved offshore.

"In our experience, the approach of many companies to outsourcing has now matured to the extent that it is now no longer a question of whether to offshore, but rather which elements and to what degree," he said.

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