Outsourcing megadeals fell in '05

Worldwide, only 11 so-called "megadeals" - those worth more than $1b. were awarded during 2005, against 12 in 2004 and 16 in 2003, according to the study.

Outsourcing megadeals declined in 2005, according to a report from by Gartner's IT services and outsourcing research group, however the trend is likely to reverse over the coming year. Worldwide, only 11 so-called "megadeals" - those worth more than $1 billion were awarded during 2005, against 12 in 2004 and 16 in 2003, according to the study. In place of these larger transactions, Gartner said it saw an increase in smaller deals, which meant that, overall, the outsourcing market should see a growth rate of 7.3% between 2004 and 2009.