IT Outsourcing slowing for fiscal year 202

43 Billion Dollar outsourcing contracts coming in for renewal in FY 2020. The rate of growth is subdued. But the service contract renewal deals are wide spread. Among these service contract renewals, 50% are coming from Government sector, 20% from Financial and Insurance sectors, 10% from High tech and Telecommunication sector, and the 20% from other sectors.

New contracts have slowed down quite heavily. But renewal of service contracts are keeping the outsourcing sector alive. US, Europe, and India are top three countries issuing these contracts.

Advertisement

One comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.