Sourcing advisory firm TPIcited a record number of global outsourcing contracts in 2005, according to its quarterly TPI Index on the state of the global outsourcing industry released yesterday. Fourth-quarter results lifted 2005 to the highest number of outsourcing transactions ever awarded for contracts of $50 million and up – 293 contract, up from 269 in 2004.But despite a December surge in mega-deals (TPI report three billion-dollar-plus contracts were signed), total outsourcing value dipped five percent year over year. TPI noted that IT outsourcing has been marked by steadily declining, single digit revenue growth of late and, if the trend continues, 2006 and 2007 “will witness the first years for absolute decline in overall revenue derived from commercial IT outsourcing.” But business process outsourcing is expected to grow between 10 and 15 percent this year.The TPI Index also revealed an “unprecedented” concentration of contract restructuring in 2005, with a significant number of mega-deals being reworked. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe More details are available in PDF form. –Stephanie Overby Related content feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 CIO 100 CIO 100 feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management opinion Four questions for a casino InfoSec director By Beth Kormanik Sep 21, 2023 3 mins Media and Entertainment Industry Events Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe