Growth of IT Offshore Outsourcing Companies – The Current Scenario
Outsourcing is the fastest growing industry at present. The idea of involving an outhouse party caught the fancy of the industry in 1980 and since then, there is no looking back as far as growth factor is concerned. According to market analysts, the industry will be worth £5bn by 2015.
Offshore work is a part of the very big pie that outsourcing represents. Offshore outsourcing companies are those which contract out some works to the foreign establishments. £4bn worth of tenders is under negotiation this year. Work outsourcing is really exciting and nowadays it is done in bulks. The industry watchdogs say that such a wave is more than what has been expected.
So far, we have restricted our focus to general offshoring. Now the attention will be shifted towards the IT projects offshoring. According to Steve Cardell, the president at IT services HCL-Axon, it is really a very good phase for the Offshore IT services providers. With the release of public spending, the offshore companies stand to gain benefits in greater measure as they can now be able to deliver excellence on much reasonable budget.
The industry has witnessed to an enormous increase in more complicated and multi-sourced IT projects. It is happening because the government has taken initiatives to further the process of procurement so that the leading offshore outsourcing companies can deliver services. This commendable effort on part of the government has created a cascading effect on IT domain in the UK. The new approach has created a better scope for the new entrants in the UK IT industry. In addition to this, the renewed attention on innovation and implementation is expected to result into more investment for the purpose of IT skill enhancement.
Growing pressure on the public sector for cost minimization has created opportunity for many outsourcing service providers. And it is the booming season for outsourcing industry due to lowering in cost level through bid process de-formalization. Outsourcing will touch a new high if the public sector learns to maximize the benefits through efficiency, knowledge sharing, cost reduction and experience.
Subscribe to:
Post Comments (Atom)
