IT Outsourcing Trends 2019
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In 2018, the global IT outsourcing market was valued at $62 billion, with a significant forecast growth of 4.42% from 2018 to 2022. Key drivers for outsourcing include cost savings, improving customer experience, and transitioning to service models, amid a tech talent shortage exacerbated by low unemployment rates. BairesDev, a rapidly growing tech solutions company in Latin America, highlights its competitive edge by employing the top 1% of over 145,000 applicants yearly, working with prominent clients like Google and IBM.
IT Outsourcing Trends 2019
- 1. 6 IT OUTSOURCING FACTS FOR 2019 www.bairesdev.com
- 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 02 03 01 04 05 ABOUT BAIRESDEV We are the fastest growing Technology Solutions company in Latin America, with offices across the main cities in LATAM and the US. We have the largest applicants pool in the industry with over 145.000 Software Engineers applying to work with us each year, from which we hire only the Top 1% most talented through a rigorous staffing method. This is how we create solid teams of 100% bilingual veteran developers. We work providing end-to-end delivery for companies of all sizes, from startups to some of the biggest companies in the world, leading projects for Google, Sirius XM, Volkswagen, Groupon, IBM & Viacom, among others. For more information visit www.bairesdev.com 06 (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