Outsourcing market faces slowdown: Everest Group
The global outsourcing and offshoring market is going through a sluggish phase, marked by a drop in transaction volumes and new deal signing during the third quarter this year.
By ET Bureau | Updated:
NEW DELHI: The global outsourcing and offshoring market is going through a sluggish phase, marked by a drop in transaction volumes and new deal signing during the third quarter this year, transactions advisory and research firm Everest Group said on Thursday.
The global outsourcing market witnessed 472 deals in July to September period compared to 508 and 516 transactions in the first and second quarter of this year.
“While there are some signs to show that the global outsourcing and offshoring market is beginning to slow down, it is still early to comment on how the overall global market scenario will shape up,” said Amneet Singh, Vice President, Global Sourcing.
While there was a large drop in deals signed by government and defense organisations, the energy and utilities sector saw the largest percentage increase in contract activity.
The global outsourcing market witnessed 472 deals in July to September period compared to 508 and 516 transactions in the first and second quarter of this year.
“While there are some signs to show that the global outsourcing and offshoring market is beginning to slow down, it is still early to comment on how the overall global market scenario will shape up,” said Amneet Singh, Vice President, Global Sourcing.
While there was a large drop in deals signed by government and defense organisations, the energy and utilities sector saw the largest percentage increase in contract activity.
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