Outsourcing IT can be a valuable solution for businesses of all sizes looking to improve efficiency, access specialized expertise, and save on overhead costs. In 2021, the value of outsourced IT services is expected to surpass $413.72 billion, with the global IT market predicted to reach $425.19 billion by 2026.
In the past 3 years, there have been several notable trends in the IT industry, including a focus on quality over quantity, the rise of managed services, and an increase in cloud computing. Outsourcing IT can provide access to these specialized areas of expertise and help businesses stay up to date with the latest trends and technologies.
There are several factors to consider when deciding whether to outsource IT, including the size of the organization, its specializations and unique business needs, and the availability of internal resources. It is important to do thorough research and due diligence when choosing a third-party service provider to ensure a good fit for the organization's needs and goals.
Outsourcing IT development resources can provide a range of benefits for businesses, including cost savings, improved efficiency and productivity, and access to experts as needed. Modern outsourcing goes beyond the traditional break/fix model and can include proactive monitoring, regular maintenance, and strategic planning to ensure the smooth operation of business-critical systems. Outsourcing can also provide access to the latest technology and help businesses stay compliant with industry regulations.
Overall, outsourcing can be a valuable solution for businesses looking to focus on their core objectives, access specialized expertise, and improve efficiency and productivity. By carefully considering the unique needs and goals of the organization and choosing a reliable third-party service provider, businesses can achieve success with the help of an additional layer of support.
Interesting Outsourcing Facts 2021 / 2022
Source: https://www.statista.com/topic...
- The IT outsourcing industry had a combined revenue of nearly $400 billion in 2022.
- The managed services market was valued at $23.2 billion in 2021.
- The total contract value of the global "as-a-service" market has exceeded several tens of billion U.S. dollars annually.
- The number of managed service contract awards decreased from almost 1,900 in 2020 to 1,639 in 2021.
