Released on = January 6, 2006, 2:15 am

Press Release Author = Jim

Industry = Software

Press Release Summary = According to new report, first time, UK has became leading
market for outsourcing. The UK has overtaken US to become the top national market
for new outsourcing contracts.

Press Release Body = According to new report, first time, UK has became leading
market for outsourcing. The UK has overtaken US to become the top national market
for new outsourcing contracts. According to TPI, UK represented 37% of the market
for major outsourcing contracts awarded worldwide in this year. UK is followed by US
- 25% and Asia-Pacific with 4%. However, it is understood that, UK will not continue
its leading position as majority of the outsourcing chunk is because of deals by
Reuters and BT. Even in this quarter, without reuters and BT, UK would have been
second largest national market.

However, Europe still dominates market and accounted for over 50% of the new
contracts worldwide. According to Duncan Aitchison, TPI\'s Managing Director,
International: \"While some may argue that Europe 2.4 billion mega deal the
Reuters/BT contract skews the results for this first quarter, Europe still accounted
for well over half (57%) of new contracts worldwide a high point for European
outsourcing.\"

Also, so-called big six supplers in the outsourcing market which are - Accenture,
ACS, CSC, EDS, HP and IBM have seen their combined market sahre to fall by 57% in
the first quarter of 2005. 60% of the senior management in UK comapnies are looking
at big indian outsourcing providers who are providing outsourcing services like
their western counterparts but at low cost. This growing confidence in Indian
outsourcing companies will further allow increase in their market share and decrease
in the market share of big six and other western consulting companies. This also
gives a wider choice for clients.

Though confidence in Indian outsourcing companies is increasing, news like cheating
creditcard by the employees of indian BPO companies can affect them. According to
reports the some employees of indian BPO company used their call centre positions to
trick customers into giving them their creditcard numbers.

Web Site =
http://www.tatvasoft.com/outsourcing%5C2005%5C05%5Cuk-becoming-hottest-destination-for.html


Contact Details = TatvaSoft - Software Development India

303, Naindhara,
Next to Mitsubishi Showroom,
Near Hotel Grand Bhagwati,
S. G. Road, Nr. Bodakdev
Ahmedabad - 380 052
Gujarat, India

Tel : +91-79-40038222