Archive for the Outsourcing Category
Outsourcing is 7% of India’s GDP
Information technology and IT-enabled services will employ 4 mln people in 2008 and account for 7% of GDP and 33% of India's foreign-exchange inflows, according to Nasscom....
Indian outsourcers to earn $220-280 bln by 2012
Everest Research Institute found that the addressable market for Indian BPO outsourcers will be $220 bln to $280 bln by 2012. Today, the report says, the total offshore BPO market is about $28 bln, wi...
European outsourcing worth $40.9 bln in 2007
The value of outsourcing deals signed in Europe in 2007 was $40.9 bln, compared with $26.6 bln in the Americas, according to TPI....
Indian outsourcing companies to earn $10.73 bln by 2011
India's IT services market is forecast to grow to $10.73 bln by 2011, at a 5-year CAGR of 23.2%, according to Gartner....
Outsourcing to grow 8.1% in 2008
The global outsourcing market continues to grow at a steady pace, with a forecast growth rate of 8.1% in 2008. Publicly reported IT outsourcing (ITO) and business process outsourcing (BPO) contract va...
Indian software salaries up 18.7% in 2006
Employees in the software development and IT sector saw their salaries raised at an average of 18.7% in 2006 in India, IDC reports....
New Asia-Pacific outsourcing contracts command $25 mln
The total value of new (as opposed to renewed or restructured) outsourcing contracts to Asia-Pacific in the $25 mln plus bracket - where most significant outsourcing activity occurs - is $5.4B, an inc...
HR services up 8% in 2006
In 2006, HR services spending started to level off and grew 8% worldwide over 2005, according to IDC. The worldwide market for HR services in 2006 showed an increase of 8% over 2005. In the United Sta...
Small business who outsource IT end up spending less than 5% on maintenance and upgrades
The majority of SMBs that outsource (54%) spend less than 5% of annual revenues on maintaining and upgrading IT infrastructure, while 64% of non-hosting companies spend more than 10% of revenues on IT...
87% of outsourcing buyers to continue outsourcing
87% of companies interviewed by KPMG mentioned they planned to keep outsourcing level the same or increase it. 42% of the organizations believe that their sourcing contract has definitely improved the...
HR outsourcing to grow to $18.9 bln by 2010
Human resources (HR) business process outsourcing (BPO) is the fastest-growing segment of HR services and will grow at a compound annual growth rate (CAGR) of 16% in the United States, reaching $18.9 ...
Asia-Pacific IT outsouring market reached $10.9 bln in the first half of 2006
According to IDC, the total ICT Outsourcing and Managed Services market in the Asia-Pacific region topped $10.9 bln in first half of 2006. IDC expects the total market for 2006 to reach $23 bln, or an...
Brazilian printing outsourcing up 42.5% in 2005
Brazilian printing outsourcing market achieved record YTY growth of 42.5% in 2005. Nearly 8 bln pages were printed by the use of such service as a whole in 2005. 41% of the 500 largest enterprises in ...
What law companies outsource
Almost two-thirds of US law companies said their firms had outsourced some functions within the past year and more than half reported that their firms had begun outsourcing some functions five or more...
IT offshore spending to reach $29.4 bln by 2010
According to IDC, the global and US markets for offshore IT services continue to grow at a remarkable rate, driven primarily by US customer demand. IDC predicts that offshore IT services vendors will ...
Top 100 Western European outsourcing deals generated $40.5 bln in 2005
The total value of the top 100 Western European outsourcing deals reached $40.5 bln in 2005, according to IDC. This compares with $42.1 bln in 2004. In 2005, however, the largest deals got bigger, wit...
Mobile network outsourcing to grow to $55.3 bln by 2010
Pyramid Research is forecasting the total outsourcing opportunity for mobile network vendors ($51.5 bln in 2005) to increase to $55.3 bln by 2010 for a 1% CAGR. The outsourcing opportunity is growing ...
Outsourcing spending by Asia-Pacific companies to reach $16 bln in 2010
IDC predicts that the amount spent on outsourcing by companies in Asia-Pacific (excluding Japan) will exceed $10 bln in 2006. India and the PRC will continue to be the high-growth markets in the next ...
Global procurement BPO market generated $627 mln in 2005
IDC estimates that the worldwide procurement BPO market reached $627 mln in 2005, and will expand at a five year compound annual growth rate (CAGR) of 22.3% to reach $1.7 bln by 2010. The study reveal...
Indian software and backoffice industry generated $23.6 bln in fiscal 2005-2006
India's software and backoffice services industry recorded 33% growth in export revenue to $23.6 bln in the year to March 2006. This included $6.3 bln from services like call centres, payroll processi...
1 mln US jobs to be outsourced by year-end 2006
The number of jobs offshored from the US to India and elsewhere has tripled since 2003, to a projected total of 1 mln in 2006, with roughly 25% of them in high tech....
European service providers plan to increase offshore assets by 65%
According to a new IDC study, European service providers are quickly building up offshore capabilities. Large and medium-sized European service providers have already established themselves in a numbe...
16 outsourcing megadeals awarded in 2003, 12 in 2004, 11 in 2005
In 2005, 11 outsourcing megadeals (deals with revenue above $1 bln) were awarded, a decline from 12 in 2004 and 16 in 2003, Gartner says....
130K US jobs offshored so far in 2006
MSNBC quotes Forrester Research on the number of US jobs offshored in 2006 - 130K so far, 3.5 mln by 2015....