As the IT industry continues to grow and evolve, so too do the strategies and techniques used to manage it. Two of the most popular methods for managing IT services are outstaffing and outsourcing, and these methods are likely to play an even greater role in the industry in the coming years. In this article, we’ll take a look at what awaits IT outstaffing and outsourcing in 2023.
Introduction: Defining Outstaffing and Outsourcing
Firstly, let’s define outstaffing and outsourcing. Outstaffing is the practice of hiring a remote team or individual to work on a specific project or provide ongoing IT services. Outsourcing, on the other hand, involves delegating IT services to a third-party provider who manages them entirely. Both outstaffing and outsourcing have become popular among businesses of all sizes due to their cost-effectiveness, flexibility, and access to specialized expertise.
Growth Projections for IT Outstaffing and Outsourcing in 2023
In 2023 we can expect to see continued growth in the IT outstaffing and outsourcing industry. According to Grand View Research, the global business process outsourcing market’s value was $245.91 billion in 2021. With a CAGR of 8.5%, its revenue is forecasted to reach $435.89 billion in 2028. These projections suggest that businesses will increasingly turn to these models to help them achieve their IT goals.