Outsourcing Times

October 18, 2004

IDC: Outsourcing IT Market Soars

IDC analysis anticipates that the worldwide IT outsourcing market will grow from $7 billion in 2003 to $18 billion by 2008.

From InformationWeek:

The study only tracks IT services sales won by offshore-based companies such as India's Wipro Technologies and Infosys Technologies. It does not include the value of work being placed offshore by American service providers such as IBM and EDS.

The growth is being driven in part by the fact that some IT-related work that has been relatively immune to offshoring is starting to move overseas, says Barry Mason, a senior analyst at IDC.

Read more: Offshore Outsourcing Revenue Soaring At 20%-A-Year Pace

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