Are the Philippines, China and Eastern Europe cutting into India’s pie or is the global outsourcing market shrinking?
The value of deals fell by 43 percent from $44.1 billion to $25 billion in the April-June quarter. This decline in the average deal size was largely due to a fall in the number of mega-deals signed during the quarter, said the IT industry research.
The average size of contracts announced by India’s IT and BPO services vendors during the second quarter fell to US$56 million compared to $106 million last year, Indo-Asian News Service (IANS) reported today from Mumbai.
The report, quoting a survey by London-based research firm Datamonitor, said the average deal size has now declined for four consecutive quarters, said the survey that tracked every new outsourcing , systems integration and consulting deal with a value greater than $1 million signed by major IT services vendors.
Via CRMBuyer.
June 1st, 2007 at 6:16 AM
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