India-Based Outsourcers Captured 23 Pct Of Top 100 Deals In 2014

NEW DELHI: India-based outsourcers such as WiproBSE 2.03 % accounted for a large chunk of the global outsourcing contracts with 23 per cent share of the total contract value (TCV) of top 100 deals in 2014, research firm IDC said.

India-based firms have grown their share from eight per cent in 2013 and seven per cent in 2012, IDC said.

However, the global TCV of the top 100 deals declined by 10 per cent to USD 45 billion in 2014 from USD 50 billion in 2013.

India-based outsourcers are making significant inroads into the global top 100 outsourcing deals, IDC Vice President, Outsourcing and Offshore Services, David Tapper said in the IDC Top 100 Worldwide Outsourcing Deals of 2012-2014 report.

"The combination of effectively leveraging the offshore business model and incorporating new methods of service delivery such as hosting and cloud has enabled the India-based outsourcers to effectively compete with well-established competitors in the outsourcing industry for the largest of large-scale outsourcing deals," he added.

Also, India-based outsourcers are investing in more transformative capabilities in areas such as analytics, social media, and mobility and enhancing strategic local capabilities and resources, which has helped them, he said.

The top five global vendors in 2014 captured more than 50 per cent of the TCV of top 100 outsourcing deals in 2014, up from 43 per cent in 2013.

This includes IBM with USD 13.8 billion, CGI with USD 2.8 billion, Cognizant with USD 2.7 billion, Capgemini with USD 2.6 billion and Wipro with USD 2.3 billion.
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