|By Business Wire||
|August 29, 2014 06:05 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/wk7wxg/global_it) has announced the addition of the "Global IT Outsourcing Market 2014-2018" report to their offering.
The Global IT Outsourcing market to grow at a CAGR of 5.71 percent over the period 2013-2018.
IT outsourcing is the process of subcontracting the IT functions of an organization to a third-party vendor that has expertise in the required domains. IT outsourcing can be used as an effective strategy to build a high-performance IT organization. It helps client firms to increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with the latest technologies, and build an economical cost structure in the long run.
The emergence of cloud-based outsourcing is a rising trend in the market. Several clients adopt this technology to get instant access to applications they need without having to wait for installation. Some of the advantages offered by cloud-based outsourcing are cost reduction, reliability, scalability, and agility.
According to the report, a considerable reduction in operational costs and time is one of the main drivers in the market as clients do not need to invest in the acquisition of resources or worry about handling limited available resources.
Further, the report states that the future of the Global IT Outsourcing market is predominantly curtailed by the rising attrition rates. Outsourcing jobs are taken up on a temporary, or part-time basis, and turnover rates are very high.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
The Global IT Outsourcing market can be segmented into two:
- Infrastructure Outsourcing.
For more information visit http://www.researchandmarkets.com/research/wk7wxg/global_it
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