Outsourcing Boom Expected


A weak global economy coupled with the need to cut costs is expected to encourage a growth in outsourcing in 2008A weak global economy and the need for businesses to cut costs are predicted to drive outsourcing growth up in 2008.

More than half (53 percent) of companies plan to increase outsourcing spending in 2008, up from 38 percent in 2006 and 48 percent in 2007, according to a survey of 250IT professionals by US-based outsourcing and business process outsourcing (BPO) company Syntel.

Bharat Desai, chief executive of Syntel, said outsourcing is one industry that will not suffer from the crisis in the credit markets.

Desai said in a statement: “In a weak or uncertain economy, companies look for technology solutions that will increase productivity, efficiency and savings.”

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