Financial services, government sectors drive outsourcing

The financial services and government sectors will drive the major outsourcing contract scene over the next year or two in the Asia-Pacific region, IDC has found. According to a report from the analyst company, these two verticals accounted for over 50 percent of the total contract value of publicly announced deals last year, and are expected to continue pushing the industry--examples IDC mentioned included IBM's IS outsourcing contract with Westpac Banking Corporation Australia and EDS' contract with the Australia Taxation office, both expiring in 2010. IDC said it believes offshoring outsourcing is high on Australian organizations' agendas as they look to bring down the cost of outsourcing contracts. IDC projects outsourcing deals from the government sector to hit US$615 million next year and a higher US$906 million in... [read full story]