Research and Markets has announced the addition of “Market Analysis – Global Outsourcing Services” to their offering.
Outsourcing, or placing internal operations in the hands of an external provider, has been around for decades. Although it has gone in and out of fashion over the years, outsourcing has reached a new level of popularity. As a result, the outsourcing industry is evolving rapidly in terms of the types of services outsourced, how and where these services are provided, and the characteristics of companies that are taking advantage of outsourcing.
Global outsourcing is a $550 billion industry, and yet the top five players do not even command about 20% market share. The global outsourcing industry is expected to face sweeping consolidation in the next two years, mainly driven by low-cost global competition and broken business models. With globalization expected to hit virtually all large corporate IT departments within the next year, top consultants and analysts expect that by 2006, eight out of ten CIOs will have direct orders to move offshore at least part of the technology services they provide to their businesses.
