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Offshore spending predicted to grow 50 percent ’year on year’ & Top ten nearshore locations for European companies are revealed
European-based companies will fuel the growth in offshore outsourcing with a 50 percent ‘year on year’ rise in spending predicted in 2006 and 2007, analysts said at Gartner’s European Outsourcing and IT Services Summit today. The growth in the region is primarily driven by companies based in the UK, with increasing demand in Germany and the Nordic countries in particular. Growth in the US, which is a more established market, is predicted to grow at 30 percent during the same period.
“The market for offshore outsourcing is on the increase, with the number of companies using high levels of offshore activity globally set to increase from 13 to 20 percent in the next two years,” said Ian Marriott, research vice president at Gartner. “European companies are likely to be at the forefront of this increased activity as new markets open up.”
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