Indian outsourcing brought in $12 bln in 2004
Outsourced IT services brought in $12 bln for India 2004, leading the world in IT exports.
Published on: September 29, 2005 Department: Outsourcing
Published on: September 29, 2005 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