IT Outsourcing is Now a $288B Industry

Businesses in Toronto aren’t the only ones outsourcing IT. It was recently reported that, globally, IT outsourcing will hit $288B in 2013.

This info comes from a report from Gartner INC, a tech research company.

“We continue to see overall market growth being constrained by near-term market factors, such as evolving IT outsourcing delivery models, economic, political and labor conditions, and service provider financial performance. Mature Asia-Pacific and Western Europe are the regions where the outlook is most tempered, partly due to currency but also reflective of our view 2013 is likely to be similar to 2012 in these regions,” said Bryan Britz, research vice president at Gartner.

Garter’s research also says that IT outsourcing in the Asia-Pacific, Latin America, and Greater China regions are expected to grow over 13 percent this year and next, bolstered by multinational corporations expanding into these markets and positive economic conditions.

“In fact, the Chinese government is planning to implement incentive policies to encourage government entities and state-owned enterprises to outsource parts of their IT work to external service providers, which will help them focus on their core competence,” said Gartner.

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