According to new report, first time, UK has become 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 Aitcheson, Tip