Thursday, October 13, 2011

Global Outsourcing Industry 2011 - Year End Analysis of F&A, HR and Procurement Outsourcing


According to the Canadian-based ICT research and advisory think tank, XMG Global, the global outsourcing industry, including offshoring and onshoring, is estimated to reach $464 billion in 2011, a 9.2-percent increase from 2010’s $425 billion. The year 2010 has seen stronger growth at 13.9 percent from 2009’s $374 billion. India will capture 42.5 percent of the offshore market to reach $61.5 billion in revenues, while China will continue to lag India with revenues reaching $45.7 billion equivalent to 31.5 percent of the market, XMG said. The Philippines will still hold the third spot with estimated revenue of $10.7 billion capturing 7.4 percent share, the analyst firm said.

According to Everest Group Finance and Accounting Outsourcing (FAO) market is expected to grow 15-20 % and reach US$4 billion (ACV) in 2011 from US$3.5 billion in 2010. Human Resources Outsourcing (MPHRO) market is expected to grow by 8-10 % and will reach $3.35 billion in 2011 from US$3.07 billion in 2010.Procurement Outsourcing (PO) market is expected to grow by 15-20 % and reach US$1.5 billion in annual contract value (ACV) in 2011.



Please Click here for (Global Outsourcing Industry, HRO,FAO, PO Industry - 2006-2011 detailed chart)  http://analyzechartsgraphs.blogspot.com/  
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5 comments:

  1. offshoring philippinesNovember 28, 2011 at 7:39 AM

    The outsourcing of back-office functions, research and development and business processes is one of the macro-business trends of the 21st Century.

    ReplyDelete
  2. Seat LeasingDecember 1, 2011 at 1:08 PM

    Philippines overtakes India..........
    The growing preference for the Philippines reflects in part the maturation of the outsourcing business and in part a preference for U.S. English. In the early days, the industry focused simply on finding and setting up shop in countries with large English-speaking populations and low labor costs, which mostly led them to India. But executives say they are now increasingly identifying places best suited for specific tasks. India remains the biggest destination by far for software outsourcing, for instance.

    ReplyDelete
  3. kvcDecember 2, 2011 at 10:36 AM

    Real Estate Brokerage Company in Manila, Philippines
    KMC MAG Group, Inc is headquartered in Makati City, the Central Business District of Manila. With over 40 employees involved directly in transactions for office, retail, and industrial locaters, they have quickly become the local leader in Tenant Representation.

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    ReplyDelete
  4. staff leasing philippinesDecember 7, 2011 at 12:45 PM

    we're all of the same kind here!

    ReplyDelete
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    Outsourcing China

    ReplyDelete

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