The document summarizes key trends in the Asia Pacific outsourcing market in 2011 based on an analysis of contracts over $25 million. It finds that while contract activity reached record levels, total contract value declined 10% from 2010 due to a rise in smaller deals. Total contract value was pulled down by weaker performance in India and key industries like financial services and manufacturing. However, the Asia Pacific market remains attractive with annualized revenue and active contracts growing at a 4-8% compound annual rate between 2007-2011.