IT Outsourcing Spending Growth Continues
The high growth in the number and value of IT outsourcing contracts signed in Europe in the first quarter of 2014 has continued through to the six month point.
According to ISG, the total amount spent on IT outsourcing was 5 billion euros in the first three months from April to June -resulting in a 32% increase on the same period last year.
More than half of all global outsourcing value was awarded in Europe, the Middle East and Africa.
UK businesses were the largest market in the region and spent 1.4 billion euros - an increase of 6% compared with the first half of last year.
David Howie, partner at ISG said: "EMEA continues to maintain its leading position in the global outsourcing market. The region's increased contract volume and value in the first half was driven by a rise in demand from continental Europe, most notably France and Germany.
"Looking ahead, we're seeing a great deal of transaction activity in the market that should come to fruition in the second half of 2014. Taking the year as a whole we would expect contract value in the region to comfortably exceed 2013 levels.
"Overall, we've seen a good performance across EMEA this quarter - and not just because last year's weak second quarter makes this year's results shine. The market is moving in the right direction, and the first-half year-on-year comparison is testament to the market's strength.
"Solid performances in volume and value across most industry sectors give us confidence that this is not simply a blip."
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