Offshoring still "small beans" despite outsourcing boom Offshoring remains "small beans" in a booming global outsourcing market despite the recent hysteria around firms moving IT services and jobs to India, according to new figures from analyst Datamonitor. Datamonitor's IT Services Contract Tracker records all global deals over $1m that are publicly disclosed and the latest report shows that the value and number of IT contracts rose by almost 50 per cent to $119bn in 2003.