IT outsourcing is the process of subcontracting the IT functions of an organization to a third-party vendor that has expertise in the required domains. It is an effective strategy to build a high-performance IT organization.
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IT outsourcing services are helping organizations to manage their IT function through their IT expert team and innovative technologies. C-suite executives of companies have witnessed several tangible benefits by implementing outsourcing services for their IT function.
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IT outsourcing is helping other functions of organizations to increase their performance by cost cutting and market expansion. Hence, many firms are providing IT outsourcing contracts to the reputed vendors worldwide to focus on their core competencies and remain competitive in the marketplace.
The Global IT Outsourcing Market is accounted for $314.92 billion in 2015 and is expected to reach $481.37 billion by 2022 growing at a CAGR of 6.2% during the forecast period. Improved company focus, gaining access to exceptional capabilities and reduced costs are some of the major factors driving the market.
Whereas, factors such as loss of control and reduced employee morale are hindering the growth of IT Outsourcing market. New market opportunities and trends with cloud computing and new business models are prompting the IT infrastructure outsourcing services market.
Asia pacific and Latin America are expected to witness prospective growth due to expansion by multinationals into these regions.
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The research report tries to understand the pioneering tactics taken by vendors in the global market to offer product differentiation through Porter’s five forces analysis. It also points out ways in which these companies can reinforce their stand in the market and increase their revenues in the coming years.
Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global IT Outsourcing Market.
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
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The report’s conclusion reveals the overall scope of the Global IT Outsourcing Market in terms of feasibility of investments in the various segments of the market, along with a descriptive passage that outlines the feasibility of new projects that might succeed in the market in the near future.
Some of the key players in the global IT Outsourcing Market are Infosys, iGate, HCL, Cognizant, CGI, Capgemini, Wipro, Unisys, TCS and ITC Infotech.
Security Types covered:
- Gain sharing
Table of Content:-
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging markets
4 Porters Five Force Analysis
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