Codestone

Category: Support & Managed Services

Companies across Europe have become increasingly keen to invest in outsourced IT and managed services in the last few months, according to research.

Statistics from information services company TPI have revealed that total contract value for commercial outsourcing deals came to €10.5 billion (£8.97 billion) in Q4 of 2010, up by 81 per cent on the preceding quarter.

According to the report, this trend has been driven by a major increase in corporate restructuring taking place across the continent, with more firms taking an interest in outsourcing as a means of leveraging specific skills.

In the UK, it was noted that public sector bodies are proving particularly keen to outsource their operations, accounting for 92 per cent of all outsourcing in this sector across Europe.

John Keppel, partner and president of information services and chief marketing officer at TPI, added: "We expect the preference of companies to multi-source will continue to grow as it allows them to tap into the best talent possible for their needs."

Earlier this month, analyst Morrison & Foerster stated that an increased emphasis on sustainability among businesses is also driving the uptake of outsourced IT.

Posted by Victoria Browne