IT Outsourcing Market Research Reports Analysis and Trends
IT Outsourcing is a practice of seeking resources or subcontracting outside of an organizational structure for all or part of Information Technology function. IT Outsourcing is used by an organization for various functions such as infrastructure, software development, maintenance and support.
Outsourcing is nothing but contracting out a business process, for instance, a company may outsource its IT management because it is cheaper to contract a third party rather than building its own in-house IT management team. Or else a company may outsource all of its data storage needs because it does not want to buy and maintain its own data storage devices.
Jobs functions such as telemarketing i.e. call centres, payroll and data entry as some of the outsourcing categories. The companies performing these job functions are well focused and the processes involved in this work are quite streamlined so there is little management needed due to quality control procedures in place.
Need for IT Outsourcing
Due to the economic downturn, companies are looking for ways to save money and increase their profits. Many large companies will mostly outsource certain jobs to companies who specialize in this service. It also reduces the need to hire and train specialized staff, brings in fresh engineering expertise, and reduces capital and operating expenses. For example, two organizations may enter into a contractual agreement involving an exchange of services and payments.
- As per the reports, the global software industry is becoming more competitive. A move within US companies to cut overhead costs is also driving growth in the IT outsourcing sector.
- Due to cloud computing innovation in the global IT outsourcing industry, it continues to grow, which makes the market more accessible for smaller sized outsourcing outfits.
- US and EU companies outsourcing to the Philippines, and India and Japanese companies are the major business in the global IT outsourcing market.
IT Outsourcing Industry Current Trends
As per the reports given by SBWire, forecast has been made that the Global Desktop Outsourcing market will grow at a CAGR of 4.66 percent over the period 2011-2015. The need to achieve a reduction in operational time and cost is one of the key factors contributing to this market growth. The Global Desktop Outsourcing market is also witnessing increased impact of desktop virtualization.
Major IT Outsourcing Industry Players
Some of the major IT outsourcing industry players are IBM Global Services, EDS, Computer Science Corp i.e. CSC, Hewlett Packard i.e. HP, Infosys, Wipro, and Tata Consultancy Services i.e. TCS.
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ICT and business process outsourcing in the UK public sector, 2010-2015Date Published: Feb 9 2013
The public sector is under tight budget constraints, and there are pressures to find new cost effective and innovative ways to deliver services. As a result, private and third sector involvement in delivering public services is expected to grow and move into new areas, especially as the coalition government has openly stated its commitment to using markets, choice and competition to drive public service reform.
ICT and business process outsourcing in the UK public sector: 2011 - Year end analysisDate Published: Sep 7 2012
This report summarises IT outsourcing and business process outsourcing in the public sector within the UK.
This overview of IT outsourcing is intended for those both currently working with public sector clients, and those considering this market for the first time.
Introduction and Landscape