Archive for the Outsourcing Category
Payments outsourcing generated $3.3 bln by 2005
IDC estimates that US spending on payments BPO services reached $3.3 bln in 2005 and will grow at a 5-year CAGR of 4.2% to reach $4 bln by 2010. This increasing trend of payments outsourcing presents ...
Asian business process outsourcing market reached $6 bln in 2005
IDC predicts moderate growth for the region from 2006 to 2010 since much of APEJ will remain at the developmental stages of BPO adoption during this period. Over the past 12 months, companies such as ...
Gartner predicted 85% of US companies would outsource at least 1 HR function by 2006
Gartner predicted that 85% of US companies will outsource at least one component of their HR function by 2006....
Outsourcing saves 15% on average
Outsourcing of IT and business services delivers average cost savings of 15%, disproving claims that outsourcing can reduce costs by over 60%. After professional fees, severance pay and governance cos...
Outsourcing industry generated $23.4 bln for India
India's $23.4 bln outsourcing industry accounts for most of the country's software and services industry, which makes up nearly 5% of GDP. The industry employs 1.2 mln workers, has sparked a consumer ...
Business outsourcing market up 33% in 2005
According to IDC, the business outsourcing market progressed positively in 2005, experiencing a 33% increase in the volume of deals signed. IDC finds market adoption expanding and becoming more mainst...
29K legal jobs to migrate to India by 2008
Though India had earned over $6.7 bln in US-based outsourcing services such as software and call centres till march 2005, the field of legal outsourcing was largely untapped, says Forrester Research. ...
India’s outsourcing industry employs 1.2 mln people, contributes $23.4 bln to GDP
India's $23.4 bln outsourcing industry accounts for most of the country's software and services industry, which makes up nearly 5% of gross domestic product. The industry employs 1.2 mln workers, has ...
38% of multinational companies plan to change the distribution of their research and development centers within the next 3 years
In a survey of more than 200 multinational corporations on their research center decisions, 38% said they planned to change substantially the worldwide distribution of their research and development w...
Desktop management outsourcing reached $28 bln in 2005
According to Gartner, revenues for outsourcing desktop management hit almost $28 bln worldwide in 2005; at least 22 vendors participated to the tune of $50 mln or more each....
Outsourced processing services in Asia-Pacific to grow at 11.4% a year
IDC forecasts the total market size for outsourced processing services to achieve a compound annual growth rate (CAGR) of 11.4% from 2005-2009 and generate more than $23 bln in revenues by 2009. IDC f...
Software and services exports from India reached $17.2 bln in fiscal 2005
India's software and services exports were $17.2 bln in the fiscal year ended March 31 in 2005, up by 34.5% from the previous year, according to the National Association of Software and Service Compan...
US outsourcing market to grow 4.2% in 2005
Top three IT outsourcing firms in the world (IBM, EDS, and CSC) kept their top spots. Based on 2004 revenue, IBM occupied the top spot with 15.5% of the global market in 2004, while EDS ranked number ...
Value of top 100 outsourcing deals down 1.2% in 2004
The value of the top 100 outsourcing deals in 2004 decreased by 1.2% from $69.1 bln in 2003 to $68.3 bln in 2004. However, qualifying for the top 100 in 2004 required a minimum deal value of $184 mln,...
$50 bln will be spent on offshore outsourcing by 2007
Global offshore outsourcing market is expected to go up to $50 bln by 2007, Gartner said....
Global outsourcing to create 337,625 US jobs by 2010
Information Technology Association of America says global outsourcing generated a net increase of US jobs in 2005 of 257,042, and is expected to create a net number of 337,625 new jobs by 2010. ITAA s...
Packaging and test outsourcing to reach $15.5 bln in 2005
The outsourcing of packaging and test services will continue to expand; market revenue will be $15.5 bln in 2005. Moderated corporate IT spending, more Internet infrastructure development and selectiv...
Worldwide BPO market to grow at 10.9% a year
According to IDC, the worldwide business process outsourcing market is vibrant and brimming with opportunity. Worldwide BPO spending will experience a five-year compound annual growth rate (CAGR) of 1...
Value of outsourcing contracts down 10-15% in 2005
The value of outsourcing contracts has dropped by 10-15% for 2005, according to TPI. Contract value is likely to drop to between $60-65 bln from its $72 bln average in recent years. Q3 2005 saw a reco...
Global PC shipments up 17% in Q3 2005
Worldwide PC shipments increased by more than 17% in Q3 2005 despite rising interest rates and oil prices, according to IDC. International markets continued to grow quickly, but even US shipments grew...
19% of US businesses have some offshore outsourcing strategy
Only 19% of US businesses have an offshore outsourcing strategy, a study by Ventoro found. However, the percentage skyrockets to 95% if only Fortune 1000 companies are considered....
Indian outsourcing brought in $12 bln in 2004
Outsourced IT services brought in $12 bln for India 2004, leading the world in IT exports....
UK and Germany got most of the European outsourcing contracts in Q2 2005
Forrester Research indicates that firms in the UK and Germany, in particular in the financial and public sectors, closed most of the 5 bln euros in outsourcing deals in Q2 2005....
US IT offshoring to double to $14.7 bln by 2009
The US offshore IT services market is expected to nearly double in size to an estimated $14.7 bln by 2009, reports IDC. This represents a five-year compound annual growth rate (CAGR) of 14.4%. Discret...