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Outsourcing News : Article

Worldwide Outsourcing Market to Grow 8.1% in '08

A new Gartner study reveals strong growth in the overall outsourcing market -- but even stronger growth in the business-process outsourcing most critical to CRM.

 The steady expansion of outsourcing continues, according to a new study recently released by Gartner. Taking a comprehensive look at the worldwide outsourcing space, the industry research firm expects to see market growth of 8.1 percent in 2008; more notably, Gartner forecasts growth at a faster pace (11.6 percent) in the business process outsourcing (BPO) segment -- in which contact center outsourcing primarily lies. Gartner's forecast has the BPO segment expanding from $160.7 billion in 2007 to $235.2 billion by 2011.

The study also segments the growth according to the relative share contributed by each slice of the outsourcing market:

  • demand management: 11 percent;
  • enterprise services: 10.5 percent;
  • supply management: 9.7 percent; and
  • vertical operations services: 9.6 percent.

Read entire article on Destination CRM

Posted: Wednesday, January 30, 2008

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