Downturn in mega deals not a down turn in it spending
Customers are learning that they can save money and improve quality by blending services with in-house staff. Mega deals don't reduce risk nor do the meet their cost savings objectives. (Note this a generalization.)
Large outsourcing deals lead to offshoring due to negotiated discounts in price of services. The large deals have reduced margins so the GSIs turn to offshoring as a way to keep margins... Unfortunately for the GSI, customers renegotiate new deals because of the off shoring and lower quality of services, along with an increase in cost of delivering the off shored services.
The bottom line is that GSIs fail to deliver quality and customers are shifting how they are doing ITprojects ....