Saturday, July 02, 2005

Outsourcing market of Europe is expected to grow at a rate of 15% per annum

Latest research from the European Commission said SMEs in the region are sending their backroom or non-core processes to offshore providers so that they can focus on revenue-generating tasks.

Research firm Gartner said the $64-billion outsourcing market of Europe is expected to grow at a rate of 15% per annum. Among countries in Europe, the United Kingdom is the largest market for IT services followed by Germany, France, Italy, the Netherlands and Sweden.

More details: Business World