Information Services Group (ISG) predicts an increase in outsourcing transaction activity for quarter four of 2014. Despite a slow third quarter, ISG expects the outsourcing industry’s busy fourth quarter to create double-digit growth in global annual contract value compared to 2013. It also forecasts this pickup in deal activity to continue into 2015.
In its analysis of the Americas region, the only region with year-over-year third-quarter growth, ISG noted that higher information technology outsourcing contract counts through the first nine months of 2014 reflects the trend toward more contracts and increased multisourcing. ISG also highlighted significant business process outsourcing growth in the financial services, energy, and manufacturing industries.
Check out the full Global ISG Outsourcing Index here.