IT Outsourcing Market. Increase for IT Outsourcing Why Organizations outsource Analysts forecast Ultra-low unemployment Rising importance of tech in other industries

1. 6 IT OUTSOURCING
FACTS FOR 2019
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2. In 2018, the global outsourcing market amounted
to 85.6 billion U.S. dollars. IT outsourcing, in particular,
generated 62 billion U.S. dollars.
72% of companies currently outsource IT and 31% are
planning to increase their IT outsourcing.
Organizations said they outsourced primarily for:
Improving the customer experience (23%)
Transitioning from legacy IT to as-a-service models (17%)
Cost savings (35% cited this as the prime driver)
Analysts forecast the Global IT Outsourcing Market
to grow at a CAGR of 4.42% during the period 2018-2022.
Ultra-low unemployment rate of 1.9% for the IT industry
means that companies are finding it increasingly hard
to secure the tech talent they need.
Rising importance of tech in industries like finance,
medicine, and customer service has increased the demand
for software engineers.
6 IT OUTSOURCING FACTS FOR 2019
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(1) https://www.statista.com/statistics/189788/global-outsourcing-market-size/ (2) https://www2.deloitte.com/content/dam/Deloitte/nl/Documents/operations/deloitte-nl-s&o-global-outsourcing-survey.pdf
(3) http://www.gsa-uk.com/documents/Outsourcing%20in%202020%20Research%20Report (4) https://www.researchandmarkets.com/research/xrmwgx/global_it?w=5
(5) https://money.usnews.com/careers/best-jobs/software-developer (6) https://www.wsj.com/articles/tech-companies-arent-the-only-ones-competing-for-tech-workers-1543763006