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This IDC study provides an in-depth analysis of the 100 largest outsourcing deals signed in, or covering, Western Europe during 2004. It ranks these contracts in terms of total contract value, and analysis is conducted on a range of variables (e.g. lead vendor, vertical market, aggregate contract value, run rate, country of signing). It is the perfect source for readers keen to understand how the European outsourcing market developed during 2004 and where it is going in 2005 - particularly IT professionals, outsourcers and other service providers, large end users, and the investor community. Key findings include:
The 100 largest European outsourcing deals were worth $42.1 billion in 2004, a 0.5% increase from $41.9.4 billion in 2003. Most deals were signed in the in the financial services sector. Most deals were signed in the U.K. Both of these markets were also the most valuable in terms of aggregate contract value.
Lionel Lamy, Research manager in IDC's European Services group, said, "Outsourcing in Europe is going from strength to strength, which is very encouraging after the exceptional growth it enjoyed in 2003. IDC's analysis of the top 100 European outsourcing deals of 2004 saw their aggregate value grow to $42.1 billion, fuelled by strong growth in the financial services sector, BPO market, and in Germany. This fast-growing market will continue to grow in the next few years or so, albeit at a lesser rate."
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