TEAM International's look at the most recent studies on the influence the world economic crisis on the IT outsourcing and provides expert opinions on how the outsourcing companies can benefit from the resulting situation known.
It is hard to deny that today's global economy was exposed to the challenges in the housing market, banking and financial services sector of a hard test. The fear went for the ball, and the IT outsourcing industry will be through the crisis dragged into the abyss, as reflected in a dramatic decline in the number of offshore contracts is. Whatever the case, the situation seems to follow the most recent studies to be not bad. Quite the contrary. According to EquaTerra, a sourcing advisory firm, reported 40 percent of the surveyed outsourcing service even higher demand for their services, rather than an economic downturn.
The offshoring industry will benefit from the cost pressure of the end user. In the European Union seems to demand even lie to the moment from the U.S.. 34 against 25 percent in the United States. Nevertheless, gave 38 percent of the surveyed companies have reduced their outsourcing deals, given the uncertain market situation in the short term or even put on ice. But in fact the crisis is behind it or just the general panic? According to Martyn Hart of the National Outsourcing Association was brought offshore outsourcing always with a considerable reduction in costs related. Many companies have proclaimed for years to come an aggressive policy to reduce costs, which will probably lead to the increasing number of offshoring contracts considerably.
The recent study by Forrester Research to result in 46 percent of the 268 Global 2000 companies reduce their IT budgets at times, while only 21 percent of spending for IT services have decreased. We can therefore conclude that in times like these savings that will flow investment in IT offshoring continues. Moreover, even those being forced to outsource such steps are not so far gone to save costs.
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