In the current year, the prospects for the outsourcing in the current year seem very bright indeed. The different surveys and market estimates indicated during the first quarter. The PriceWaterHouseCoopers released a survey which found that the outsourcing industry is changing due to the emergence of a new service providers from all over the world and not just the US or India. In a previous article, the companies have been steadily expanding their businesses by establishing facilities in a new locations all over the world including Africa and Egypr, which allows that the outsourcing companies are expecting a bigger business ahead and are diversifying their product offeing. The IT research and advisory company, Gartner, indicated in a survey that the 85 percent of the organization are anticipating spend on the external service providers to increase or stay the same as the economy recovers.
The company estimated that Indian BPO market will grow by 19 percent through 2013, becoming a $1.8 billion market. The previous hesitation on the part of the corporations in investing on Information Technology spending will be largely assuaged in the coming months as the recovery continues. The different companies have stepped up hiring plans including the India’s sixth largest software exporter who has doubled its hiring target for the current fiscal year. The company plans to hire experienced and fresh graduates to be a part of the organizations software and back office outsourcing units.
The another company expecting more hiring is Infosys, base on the Infosys, as long as there is a growth in the market then the company will be hiring and this is not only limited to the Infosys but most of the other companies. In a survey, the salaries are also expected to rise in 2010 on a wave of the growth. To everest, in the other market, procurement outsourcing is also expected to rise. In 2010, the company projects that the procurement outsourcing will grow by 20 percent in the year of 2010 reach nearly US$1.3 billion in annual contract value. The healthcare outsourcing outlook is also expected to rise with the passage of the President Obama’s healthcare reform bill which will likely push most healthcare and insurance providers to look for the alternatives in order to save on the cost. For the succeeding months, all in all the market is quite optimistic on the future at least for the succeeding months. The trend will translate into a better and more profitable business is the question.
REFERENCE:
http://www.blog.infinit-o.com/prospects-outsourcing/
