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Global sourcing of technology related services is estimated to have grown by about 30 per cent to reach USD 70-76 billion in 2007. Increasing emphasis on innovation-led growth added to the secular trend in technology related spending, with IT-enablement and global delivery now being recognized as complementary means of effectively increasing productivity, reducing time-to-market and thereby increasing the returns on innovation investment. Consequently, players with demonstrated global delivery capabilities continue to close-in on the market shares of the incumbents (US Big-Six and European Big-Five), with India-heritage players reporting the sharpest gains in their share of the total value of large3 outsourcing contracts awarded in the year 2007...
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