July 18, 2006
Offshore Outsourcing is Set for a Huge Growth
There is no denying that offshoring has become a growing phenomenon. However, it has received more criticism than positive responses. Critics say that it disrupts distribution of communication paths and violates human rights. However, the supporters argue that offshoring is a free international trade that is positive for global economies. Despite the controversies, a large number of outsourcing deals involving outsourcing are currently under negotiation.
Indian companies still dominate the outsourcing industry. Although outsourcing demand in Europe has fallen drastically, the UK's demand for outsourcing is growing steadily. The strength of the UK market has been demonstrated by the growth in BPO by the UK companies. The UK accounts for more than 25 percent of the total value of business process contracts signed worldwide in 2006.
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