In the outsourcing industry which they deem will be a sector to watch, as predication for the coming year are in abundance different analysts and publications have weighed in on sectors in the outsourcing industry which they deem will be a sector to watch. From the mainstays as medical billing outsourcing or medical coding outsourcing and information technology outsourcing which have been some of the most talked about sectors, the other sectors such as financial services and recruitment process outsourcing have also been identified as one to watch in 2011. In the coming years, outsourcing companies have been expecting the shift towards healthcare. Alongside medical billing and medical coding outsourcing trends towards pharmaceutical and research outsourcing have also played a part in 2010 and it is expected to continue on 2011. The companies including the technology enabled solutions and services provider.
The countries such as Sri Lanka and China are banking on its continued growth to boosts its standing in the outsourcing space. In the Given that with outsourcing provider, Accenture boost in revenues from the financial services was at 18 percent on a year basis for its first quarter 2011, the financial services outsourcing presents a healthy pictures for the coming year. The notable financial services related outsourcing renewals and acquisitions in the past few weeks is the contract renewal of Ferrari’s subsidiary.
There may well be growth in International recruitment process outsourcing deals as organizations look to leverage increasing mobility and strive for consistency of the practice and a broadening of recruitment process outsourcing services to cover the services over and above talent acquisitions. The companies such as Rio Tinto who on the 30th of November signed a recruitment process outsourcing contract with the manpower Inc. are now looking towards outsourcing providers to assist them in the search for qualified. The recruitment outsourcing firm hyphen. There may well be growth in international recruitment process outsourcing deals as organization look to leverage increasing mobility and strive for consistency of practice and a broadening of recruitment process outsourcing services to cover services over and above talent acquisition. The opened its Houston service management center as well as new facilities slated in Australia-New Zealand and Europe in 2011.
The Information Technology is still the main player to watch in the outsourcing industry. Even with the current downturn in the UK areas such as Eastern Europe are seeing higher demand for Information Technology outsourcing. The recent Information Technology outsourcing contract wins in the sector among varied fields such as healthcare and telecommunications, Information Technology outsourcers will not likely run out of customer. The technology giant Hewlett Packard is just one of the companies with contract wins, with the company winning two contracts in a matter of days within Europe. The other notable outsourcing deals include Hilton Worldwide’s multi year agreement with TCS well as CGI’s and Unisys Information Technology indefinite delivery, indefinite quantity and agreements with the CDC and FBI.
REFERENCE:
http://www.blog.infinit-o.com/outsourcing-sectors-watch-2011/
