Extended Abstract, Intetics
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Keywords: Augmentation, Dedicated Team, Fixed-Price, Remote In-Sourcing, Time and Material
Outsourcing has completely transformed how today’s businesses operate – there are many benefits that come with outsourced IT solutions, and the model has proven itself to be reliable and profitable. But it’s important to keep an eye on the current state and trends of outsourcing, so you can assess its viability for your business before diving in. In the White Paper, you will learn about popular outsourcing models and their advantages, current industry trends, and what to watch out for in coming years. Below, you can find an overview of all information contained within the White Paper.
I. Modern-Day Outsourcing
First, you will get a quick introduction to key topics and statistics in the outsourcing industry: learn what the market size is expected to be in 2024 and 2027, and examine why the figures are so high.
II. Why Do Companies Outsource?
You will learn about the major benefits of outsourcing IT solutions, including cost reduction, better focus on your core business, the implementation of new technology, and geographical benefits. Learn about some of the most successful companies that have an outsourced workforce – and be sure to check out the average software developer salaries by country.
III. Popular Outsourcing Models
Get a thorough explanation of the most common outsourcing models, arranged from the most involved to the least involved on your end. Work through staff augmentation, a dedicated team, and remote in-sourcing. You’ll also examine the context and benefits behind two kinds of pricing contracts: fixed-price and Time & Material.
IV. Tech Outsourcing Trends in 2020
Which outsourcing trends can you expect for the tech industry in 2020? Learn about some of the most commonly outsourced IT projects, including Deep Learning, AI technologies, cybersecurity, and cloud sourcing.
V. Outsourcing Trends to Watch for in 2021
After learning about 2020 trends, you’ll move on to anticipated developments in 2021: greater demand for nearshore outsourcing, a rise in the number of small businesses that outsource, a transition to value-based contracts, a need for real-time customer engagement, and growth in destinations like India and Ukraine.
The global outsourcing industry was worth approximately $92.5 billion in 2019 – and it is increasing heavily every year. This White Paper concludes that outsourcing is here to stay, largely due to the model’s enhanced savings, convenience, and transparency.
Get a list of reading materials to deepen your understanding of the current outsourcing market landscape.
Gartner forecasts worldwide public cloud revenue to grow 17.5 percent in 2019. Gartner. (n.d.). Retrieved September 24, 2021, from https://www.gartner.com/en/newsroom/press-releases/2019-04-02-gartner-forecasts-worldwide-public-cloud-revenue-to-g.
Grand View Research, I. (2020, February 12). Business process outsourcing market size worth $405.6 billion by 2027: Grand View Research, inc. Business Process Outsourcing Market Size Worth $405.6 Billion by 2027: Grand View Research, Inc. Retrieved September 24, 2021, from https://www.prnewswire.com/news-releases/business-process-outsourcing-market-size-worth-405-6-billion-by-2027-grand-view-research-inc-301003466.html.
Mithas, K. H. and S. (2013, December 19). The real savings from it outsourcing. MIT Sloan Management Review. Retrieved September 24, 2021, from https://sloanreview.mit.edu/article/the-real-savings-from-it-outsourcing/.
Published by Statista Research Department, & 3, F. (2021, February 3). Outsourcing industry 2000-2019. Statista. Retrieved September 24, 2021, from https://www.statista.com/statistics/189788/global-outsourcing-market-size/.
ReportLinker. (2020, March 31). The global IT outsourcing market is expected to grow by USD 98 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period. GlobeNewswire News Room. Retrieved September 24, 2021, from https://www.globenewswire.com/news-release/2020/03/31/2009159/0/en/The-Global-It-Outsourcing-Market-is-expected-to-grow-by-USD-98-bn-during-2020-2024-progressing-at-a-CAGR-of-5-during-the-forecast-period.html.