European outsourcing plummets

The total amount spent on outsourcing by businesses in the EMEA region in the second quarter of 2013 was 23% lower than in the same period the year before, according to the Information Services Group (ISG). The total €1.6bn spent was also 16% lower than the previous quarter.

ISG monitors all IT and business process outsourcing contracts worth over €4m.

In the first six months of 2013, UK organisations spent 25% less on outsourcing compared to the first six months of last year at €1.3bn. Meanwhile, Germany saw a 58% fall in the same timeframe with €500m in contract value.

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