IT Outsourcing


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.

Industry Overview

  • 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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Global Education PC Market 2015-2019

Global Education PC Market 2015-2019

Date Published: Feb 25 2015
Report Global Educational PC market to grow at a CAGR of 13.66 percent over the period 2014-2019.
 
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Healthcare IT Market in Africa 2015-2019

Healthcare IT Market in Africa 2015-2019

Date Published: Feb 25 2015

About Healthcare IT
Healthcare IT refers to the use of IT services, products, software, and solutions by healthcare organizations to integrate and streamline various processes. In healthcare, IT is primarily used to develop a secure environment and maintain a uniform flow of information. It improves the quality and efficiency of the services delivered and helps in reducing errors in the Healthcare industry. The rising number of healthcare institutions and the emerging need to modernize the same is proliferating the growth of healthcare IT.

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Healthcare IT Market in India 2015-2019

Healthcare IT Market in India 2015-2019

Date Published: Feb 25 2015

About Healthcare IT Market
Healthcare IT refers to the use of IT services, products, software, and solutions by healthcare organizations to integrate and streamline various processes. In healthcare, IT is used to develop a secure environment and maintain a uniform flow of information. It improves the quality and efficiency of the services delivered and helps in reducing errors in the Healthcare industry. The rising number of healthcare institutions and the emerging need to modernize the same is contributing to the growth of healthcare IT.

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IT Market in Philippines 2015-2019

IT Market in Philippines 2015-2019

Date Published: Feb 25 2015

About IT
IT can be defined as an integrated platform consisting of hardware, software, and services. Organizations have IT departments that are responsible for storing, safeguarding, processing, transmitting, and retrieving information. IT enables a smooth flow of information across an organization. It also helps organizations align their business processes with various technologies and improve the overall operational efficiency.
TechNavio's analysts forecast the IT market in Philippines to grow at a CAGR of 9.28 percent over the period 2014-2019.

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Outsourcing Market in the APAC Region 2015-2019

Outsourcing Market in the APAC Region 2015-2019

Date Published: Feb 25 2015

About Outsourcing
Outsourcing is the process of subcontracting the technical or non-technical functions of an organization to a third-party vendor that has expertise in the required domains. It helps firms to increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with the latest technologies, and build an economical cost structure in the long run.

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Contact Center Outsourcing Market in the APAC Region 2015-2019

Contact Center Outsourcing Market in the APAC Region 2015-2019

Date Published: Feb 11 2015
Report forecast the Contact Center Outsourcing market in the APAC region to grow at a CAGR of 11.76 percent over the period 2014-2019.
 
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Global IT Outsourcing Market in Capital Markets 2015-2019

Global IT Outsourcing Market in Capital Markets 2015-2019

Date Published: Feb 11 2015
Report forecast the Global IT Outsourcing in Capital markets to grow at a CAGR of 4.41 percent over the period 2014-2019.
 
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Global Transportation IT Spending Market 2015-2019

Global Transportation IT Spending Market 2015-2019

Date Published: Feb 11 2015
Report forecast the Global Transportation IT Spending market to grow at a CAGR of 4.26 percent over the period 2014-2019.
 
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IT Market in Germany 2015-2019

IT Market in Germany 2015-2019

Date Published: Feb 11 2015
Report forecast the IT market in Germany to grow at a CAGR of 3.85 percent over the period 2014-2019. 
 
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PSIM Market in the EMEA Region 2015-2019

PSIM Market in the EMEA Region 2015-2019

Date Published: Feb 11 2015
Report forecast the PSIM market in the EMEA region to grow at a CAGR of 16.7 percent over the period 2014-2019.
 
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Global Mobile Printing Market 2015-2019

Global Mobile Printing Market 2015-2019

Date Published: Feb 4 2015
Report forecast the Global Mobile Printing market is set to grow at a CAGR of 32.5 percent over the period 2014-2019. 
 
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IT Market in ANZ 2015-2019

IT Market in ANZ 2015-2019

Date Published: Feb 4 2015
Report forecast the IT market in ANZ to grow at a CAGR of 5.08 percent over the period 2014-2019.
 
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IT Market in Hong Kong 2015-2019

IT Market in Hong Kong 2015-2019

Date Published: Feb 4 2015
Report forecast IT market in Singapore to grow at a CAGR of 7.60 percent over the period 2014-2019.
 
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IT Market in Australia 2015-2019

IT Market in Australia 2015-2019

Date Published: Jan 28 2015

About IT

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Education IT Market in the US 2015-2019

Education IT Market in the US 2015-2019

Date Published: Dec 31 2014

About Education IT Market
IT spending in the Education sector is the investment incurred on the deployment of IT infrastructure in elementary schools, secondary schools, colleges, universities, and centers of specialized learning. IT enables large data analysis, information management, and streamlined operational processes to increase productivity and efficiency. This enables the smooth flow of information across educational institutes. It also helps educational institutes to align their business processes with various technologies.

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Federal IT Market in the US 2015-2019

Federal IT Market in the US 2015-2019

Date Published: Dec 31 2014

About Federal IT
The Federal information technology has evolved rapidly to provide a new platform with the advances in virtualization technology, cloud computing, and mobile devices to enhance IT infrastructure and security aspects. Such developments offer opportunities to increase the value and accessibility of government resources and encourage greater internal and external collaboration. The US federal government has been trying to adopt IT solutions that can help defense agencies and departments to improve their processes leading to efficiency.

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Global Hardware and Software Support Services Market 2015-2019

Global Hardware and Software Support Services Market 2015-2019

Date Published: Dec 31 2014

About Hardware and Software Support Services

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Global Infrastructure Outsourcing Market 2015-2019

Global Infrastructure Outsourcing Market 2015-2019

Date Published: Dec 24 2014

About Infrastructure Outsourcing
Infrastructure outsourcing refers to the outsourcing of data centers, desktop services, help desks, networks, and other related services. This enables the transfer of managerial responsibilities that include offering an optimized, secure, and scalable IT infrastructure to an external provider. The demand for service integration and automation of infrastructure services has been driving the demand for infrastructure outsourcing services. The top four end-users of the market are the BFSI, Government, Manufacturing, and Telecommunications sectors.

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IT Market in Bahrain 2015-2019

IT Market in Bahrain 2015-2019

Date Published: Dec 24 2014

About IT

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Mobile Wallet Market in Europe 2015-2019

Mobile Wallet Market in Europe 2015-2019

Date Published: Dec 24 2014

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