Who are the biggest IT outsourcing markets?
The IT outsourcing market has experienced a remarkable growth over the last decade as companies of all sizes search for external IT support. With the expansion of cloud computing, organizations have to be sure that they are procuring the best service and aid from qualified and reliable IT companies. Therefore, they are turning to the most significant IT outsourcing markets in the world for their requirements.
India is a well-known giant in the IT outsourcing industry. It has a great pool of skillful and experienced IT experts, making it one of the most significant IT outsourcing markets. As per predictions, India’s IT industry is projected to reach $154 billion by 2020. It also holds a few of the world’s most renowned IT organisations like Tata Consultancy Services and Infosys.
China has also grown rapidly in the IT outsourcing market. It has invested a lot of money in technology, with its IT industry estimated to be worth around $127 billion by 2020. It is home to several major IT service providers such as Huawei and ZTE.
The United States is also one of the most significant IT outsourcing markets. It is the home of some of the leading IT firms like Microsoft and Apple, and contains a large pool of qualified IT professionals. The US IT industry is estimated to be worth around $346 billion by 2020, making it the biggest IT outsourcing market. It is also the home of some major IT service providers like IBM and Oracle.
The UK is another major player in the IT outsourcing industry. It is home to some of the major players like BT and HP, and its IT industry is estimated to be worth around $94 billion by 2020. It also holds a few of the major IT service providers such as Capgemini and Accenture.
The IT outsourcing market is advancing quickly as companies of all sizes look for external IT support. India, China, the US and the UK are some of the biggest IT outsourcing markets in the world, and they provide a number of major IT service providers. Companies should consider these markets when selecting IT service providers, as they can provide the best services and support.