830,000 jobs to go offshore by the end of 2005
Forrester Research predicted that over 830,000 US service jobs would be lost to offshore outsourcing by the end of 2005, and 3.4 mln by 2015.
Published on: December 28, 2004 Department: Outsourcing
Published on: December 28, 2004 Department: Outsourcing
All Outsourcing stats
- Outsourcing is 7% of India’s GDP
- Indian outsourcers to earn $220-280 bln by 2012
- European outsourcing worth $40.9 bln in 2007
- Indian outsourcing companies to earn $10.73 bln by 2011
- Outsourcing to grow 8.1% in 2008
- Indian software salaries up 18.7% in 2006
- New Asia-Pacific outsourcing contracts command $25 mln
- HR services up 8% in 2006
- Small business who outsource IT end up spending less than 5% on maintenance and upgrades
- 87% of outsourcing buyers to continue outsourcing
- HR outsourcing to grow to $18.9 bln by 2010
- Asia-Pacific IT outsouring market reached $10.9 bln in the first half of 2006
- Brazilian printing outsourcing up 42.5% in 2005
- What law companies outsource
- IT offshore spending to reach $29.4 bln by 2010
- Top 100 Western European outsourcing deals generated $40.5 bln in 2005
- Mobile network outsourcing to grow to $55.3 bln by 2010
- Outsourcing spending by Asia-Pacific companies to reach $16 bln in 2010
- Global procurement BPO market generated $627 mln in 2005
- Indian software and backoffice industry generated $23.6 bln in fiscal 2005-2006
- 1 mln US jobs to be outsourced by year-end 2006
- European service providers plan to increase offshore assets by 65%
- 16 outsourcing megadeals awarded in 2003, 12 in 2004, 11 in 2005
- 130K US jobs offshored so far in 2006
- Payments outsourcing generated $3.3 bln by 2005
- Asian business process outsourcing market reached $6 bln in 2005
- Gartner predicted 85% of US companies would outsource at least 1 HR function by 2006
- Outsourcing saves 15% on average
- Outsourcing industry generated $23.4 bln for India
- Business outsourcing market up 33% in 2005
- 29K legal jobs to migrate to India by 2008
- India’s outsourcing industry employs 1.2 mln people, contributes $23.4 bln to GDP
- 38% of multinational companies plan to change the distribution of their research and development centers within the next 3 years
- Desktop management outsourcing reached $28 bln in 2005
- Outsourced processing services in Asia-Pacific to grow at 11.4% a year
- Software and services exports from India reached $17.2 bln in fiscal 2005
- US outsourcing market to grow 4.2% in 2005
- Value of top 100 outsourcing deals down 1.2% in 2004
- $50 bln will be spent on offshore outsourcing by 2007
- Global outsourcing to create 337,625 US jobs by 2010
- Packaging and test outsourcing to reach $15.5 bln in 2005
- Worldwide BPO market to grow at 10.9% a year
- Value of outsourcing contracts down 10-15% in 2005
- Global PC shipments up 17% in Q3 2005
- 19% of US businesses have some offshore outsourcing strategy
- Indian outsourcing brought in $12 bln in 2004
- UK and Germany got most of the European outsourcing contracts in Q2 2005
- US IT offshoring to double to $14.7 bln by 2009
- Asia-Pacific IT outsourcing to grow at 10.1% a year
- IT outsourcing in EMEA to reach $90.9 bln by 2009
- 33% of IT companies will increase outsourcing in 2006
- $5.4 bln spent on business process outsourcing in Asia-Pacific in 2004
- 81% of UK companies to increase outsourcing in the next 2-3 years
- BPO outsourcing to grow at 3.3% a year
- Indian software and BPO industries to grow 32%
- HR outsourcing reached $177.3 mln in Denmark
- Average cost savings from offshoring operations are about 10%
- 65% of corporate CIOs and 45% of public sector CIOs have multiple outsourcing providers
- 40% of companies plan to outsource to China in the next 3-5 years
- Estonia, China and Morocco led the world in outsourcing growth in 2003
- Top outsourcing destinations: India, Philippines, Central America
- 15% of Singapore IT companies outsource
- US software industry lost 16% of the jobs between 2001 and 2004
- Indian software exports reached $12 bln in fiscal 2004-2005
- Human resources outsourcing generated $1.7 bln in Q1 2005
- Indian tech exports reached $17.2 bln this fiscal year
- 74% of outsourcing companies are happy with the deal
- 15% of manufacturing companies outsourced research and development in 2004
- Theft might cut Indian call center growth by 30%
- IDC predicts double digit growth for procurement outsourcing
- 70% of companies had negative experience with outsourcing, 44% did not get any cost saving
- $12 bln will be spent on offshore research and development in 2010
- 70% of Indian business process outsourcing companies to die within the next few months
- 5% of IT jobs are offshored now, 20% will be offshored by 2015
- 1.1% of IT budgets in 2005 to go offshore
- $3.0-$4.6 bln of testing work is offshored
- Customer service outsourcing to reach $12.2 bln by 2007
- $17 bln of US work to be offshored in 2008
- 80% of those who outsource to cut costs will fail
- Indian software outsourcing to total $17.3 bln in 2005
- 15% of US IT projects to be done in India
- IT services market grew 6.7% in 2004
- IT outsourcing grew 37% in 2004
- Swedish outsourcing market to grow 7.4% in 2005
- Norwegian outsourcing market grew 23% in 2004
- Danish outsourcing market grew 30% in 2004
- 830,000 jobs to go offshore by the end of 2005
- Outsourcing deals reached $66.1 bln in 2003
- By 2010 15% of US IT jobs to migrate to India
- UK outsourcing was up 150% in 2003
- 72% of the companies outsource part of their IT
- 67% of UK IT directors don’t see an alternative to offshoring
- $17 bln of IT services will go offshore by 2008
- 12000 legal jobs were outsourced in 2004
- Offshore outsourcing to grow at 20% a year - new research from Meta Group
- 100K jobs have been lost to Chinese outsourcing in 2004
- Indian outsourcing not impacting call centers in UK
- Manufacturing firms to increase outsourcing by 9.3% in 2005
- Outsourcing to Malaysia to grow at 27.2% a year
- India to lose outsourcing market share by 2007
- Security outsourcing to reach $2.4 bln in 2004
- Who outsources security?
- 1.2 mln European jobs to go offshore
- 80% of companies to outsource at least one IT function
- 94% of Silicon Valley companies send work offshore
- Canada loses IT jobs through offshore outsourcing, gains through US contracts
- 2.3 mln banking jobs offshored by 2010
- At least $75 mln of US government contracts goes offshore
- More than a third of service jobs can be outsourced
- Only 2.5% of jobs are lost due to outsourcing
- 3.4 mln jobs will move offshore by 2015
- Financial sector to outsource at 34% annually
- 85% of outsourcing contracts to be re-negotiated
- So far 104,000 tech jobs have been offshored
- Telecoms will offshore 5%, save $14.5 bln in 2004
- 25% of IT jobs offshored by 2010
- 86% of US companies will increase offshoring
- 25% of current tech jobs outsourced to India by 2010
- Europeans will outsource $9.6 bln in 2008
- Outsourcing deals to nurture small firms
- Global business process outsourcing market to reach $1 trillion by 2006
- 93% of IT workers concerned about offshoring
- Government can outsource 900,000 jobs, Bush requires 50% by September 2004
- Gartner: 40% of IT businesses will explore outsourcing in 2004
- Business process outsourcing will grow
- India’s outsourcing sector to grow
- IDC on offshore outsourcing
- Gartner on outsourcing helping backoffice
- Outsourcing to hit $1.2 trillion by 2007
- McKinsey: Offshoring software development numbers
- eValueServe: Global outsourcing helps U.S.
- IDC: IBM is the leader in outsourcing
- Forrester: Outsourcing in 2005
- Gartner: Offshore outsourcing will gain
- Outsourcing Is Over-Hyped
- R&D the next to be outsourced