Global Outsourcing Contract Volume Set to Climb in 2010 ; Cloud Computing, Multi-Sourcing, Focus On Governance Driving Awards Up, Values Down, According to Tpi Momentum Market Trends & Insights 4q09 Annual Report

U.S. Newswire › March 18, 2010

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HOUSTON, March 18 /PRNewswire/ -- TPI, the largest sourcing data and advisory firm in the world and a unit of Information Services Group, Inc. (ISG) (Nasdaq: III, IIIIU, IIIIW), an industry-leading information-based services company, today released research predicting that the number of outsourcing contracts awarded globally will rise in 2010 as organizations look for new ways to optimize critical business operations in an improving economy.

The growing acceptance of cloud computing, increasing interest in multi-sourcing, and emerging focus on governance and risk management will fuel outsourcing contract volume this year, according to predictions contained in the new TPI Momentum Market Trends & Insights 4Q09 Annual Report. However, the Report notes, these same factors will narrow the scope of individual outsourcing projects, driving down their value and duration and intensifying competition among service providers.

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Global Outsourcing Contract Volume Set to Climb in 2010 ; Cloud Computing, Multi-Sourcing, Focus On Governance Driving Awards Up, Values Down, According to Tpi Momentum Market Trends & Insights 4q09 Annual Report

The Report also notes that 422 outsourcing contracts valued at $15 billion are expected to expire in 2010, a 40 percent increase over the total contract value of last year's expiring awards and the highest level in five years. Many are large contracts signed when the global econ...

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