India-based IT outsourcing companies have captured nearly a quarter of the top 100 outsourcing deals in 2014, said IDC on Tuesday.
The top five vendors in 2014 have captured more than 50 percent of the total contract value (TCV) of top 100 outsourcing deals in 2014 against 43 percent in 2013.
The top five IT outsourcing companies are IBM with $13.8 billion, CGI with $2.8 billion, Cognizant with $2.7 billion, Capgemini with $2.6 billion, and Wipro with $2.3 billion. The average deal size continues to shrink along with fewer mega-deals (TCV of $1 billion or more).
The combination of leveraging the offshore business model; incorporating new methods of service delivery such as hosting and cloud; investing in transformative capabilities in areas such as analytics, social media, and mobility; and enhancing local capabilities and resources has enabled the India-based outsourcers to compete with well-established competitors in the outsourcing industry.