Statistics Related to Offshore Outsourcing-part 2

Statement Source Date

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"Business Process Outsourcing will overshadow and incorporate IT outsourcing and mainstream BPO expenditure is likely to grow worldwide by 10 per cent a year from $140 billion in 2005 to over $220 billion by 2010." LogicaCMG August 2005
"...the average size of contracts announced by IT and BPO services vendors in the second quarter of '05 fell to $56m compared to $106m in the year ago period. This means that average deal size has now declined for four consecutive quarters." Datamonitor July 2005
"In 2003, Ireland and India were the main beneficiaries of offshoring and the largest exporters of IT services, reaching 14.4 billion dollars and 11.3 billion dollars respectively..." International Monetary Fund July 2005
"Citing various studies, the WTO noted that the global turnover from offshore IT services reached 45 billion dollars in 2003, or less than 10 per cent of total world business service exports." News From Bangladesh July 2005
"The research firm Gartner Inc. predicts that up to 15 percent of tech workers will drop out of the profession by 2010, not including those who retire or die." ABC News June 2005
"...the number of buyers prematurely terminating an outsourcing relationship has doubled to 51 percent while the number of buyers satisfied with their offshoring providers has plummeted from 79 percent to 62 percent." DiamondCluster June 2005
"...entry-level programmers and help-desk workers in Vietnam earn an average, annual salary of about $3,000 per year. By contrast, India's IT graduates are paid about $5,400 -- not a lot, but almost twice as much as the Vietnamese. neoIT June 2005
"India controls 44 percent of the global offshore outsourcing market for software and back-office services, with revenues of US$17.2 billion (euro14.07 billion) in the year ended March 2005..." Associated Press June 2005
"Nearly three-quarters of international outsourcing companies in 10 countries expect to grow revenues within the next 12 months by an average of 11%." ComputerWeekly May 2005
"...financial services firms in the U.S. spent about $590 million on offshore services from third-party outsourcers last year, while their European counterparts spent about $480 million overseas." ComputerWorld May 2005
"To get high-quality service levels from top-tier vendors, customers should expect to pay in the $24 to $30 per hour range for offshore labor..." Forrester Research May 2005
"Twelve percent of outsourcing spending in 2005 will involve offshore resources, growing to 19 percent in 2009." Saugatuck Technology May 2005
"The ranking of 12 most valuable companies published in April 2005 issue of Global Outsourcing has IBM at the top, quite predictably, with a valuation of more than $140 billion. ADP takes the number 2 slot with market capitalisation of $26 billion, ahead of Accenture ($23 billion), a company with almost double of ADP's revenue. The next two positions are taken by Infosys and Wipro with a market capitalisations of $19.9 billion and $14.6 billion, respectively," a release said here." Global Outsourcing May 2005