The robust award volume of the second quarter, coupled with our pipeline and knowledge of other market activity in this category, gives us a sense of renewed interest in consummating megadeals, TPI managing director Peter Allen said.
During the first half of this year, outsourcing megadeals reached a total of $11.2 billion, compared with $15 billion for the same period last year. And current deals in the pipeline are expected to reach the same level - approximately $20 million - as those that were pending at the same time last year, the report said.
The deals are happening with greater frequency - but at a lesser value than during the DOT-com boom. This comes as the industry works its way out of the economic doldrums that have dogged it since 2000, it said.