The outsourcing industry emerged with the development of computer networks in the 1990s. By bringing together multiple businesses, IT outsourcing is able to provide fully integrated systems, IT security, off-site backup, cloud functionality, as well as maintenance and monitoring options. It is a comprehensive, cost-effective, scalable offering, and therefore sought after by many companies of all sizes.
IT outsourcing in figures
The outsourcing industry is expected to be worth $405.6 billion by 2027;
- Companies that have included outsourcing in their strategy have reduced their expenses by an average of about 15% and up to 60% for some;
- 57% of companies have chosen to outsource to increase their productivity;
- 24% of SMEs opt for outsourcing to increase their efficiency;
- 64% of outsourced services are related to IT development.
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