Press Release Summary = IT Outsourcing Vendor Will Reap $7 Billion in the Next Two Years - Research Reports Now Available. The US Enterprise IT Outsourcing Market will grew 20%, from $46.3B to $55.5B in the next two year......
Press Release Body = IT Outsourcing Vendor Will Reap $7 Billion in the Next Two Years - Research Reports Now Available The US Enterprise IT Outsourcing Market will grew 20%, from $46.3B to $55.5B in the next two year according to a new research report published by the InterUnity Group. While the Onshore market will grew by 5%, the Off-shore market will grow 11 times faster at 55%. A total of $7.8Billion will be shifted Offshore increasing the Offshore total to $21.7B in 2005. Enterprises will shift $930 Million of this growth to wholly owned Off-shore subsidiaries.
Concord, MA December 17 2003-The US Enterprise IT Outsourcing Market will grow 20%, from $46.3B to $55.5B in the next two year according to a new research reports published by the InterUnity Group. While the Onshore market will grow by 5%, the Off-shore market will grew 11 times faster at 55% (Figure 2). A total of $7.8B will be shifted Offshore software development increasing the Offshore total to $21.7B in 2005. Enterprises will shift $930 Million of this growth to wholly owned Off-shore subsidiaries.
Overall IT outsourcing growth will slow from 13% in 2004 to 7% in 2005. The slowdown in IT outsourcing growth is due to rapid market penetration and saturation.
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