Report shows TCV has dropped by 32%, with contracts at an average of €6.9 billion.

Information Services Group (ISG) today released data showing the outsourcing market in Europe, the Middle East & Africa (EMEA) slowed significantly in the first quarter of the year following a record performance in the fourth quarter of 2011.

The TVC drop of 32% is year-on-year with the sequential drop standing at 53%. In the first quarter of 2012 a total of 79 contracts were awarded, a decline of 37% year-on-year and 23% sequentially.

Duncan Aitchison, Partner & President, ISG North Europe said “this first-quarter slowdown in EMEA follows the strongest half-year and full-year results we have seen in a decade, which made for very difficult comparisons. However, we expect outsourcing activity and TCV to pick up in the second half of 2012 and project full-year results to be in line with historical norms.”

For more information on ISG click here