Statistics Related to Offshore Outsourcing-part 5

Statement Source Date
"Even though the term "outsourcing" has become synonymous with the practice of sending jobs overseas, the bulk of outsourcing activities70.2 percentoccur on the domestic front..." 2004 Enterprise Systems Outsourcing Survey October 2004
"...a University of California-Berkeley study that warns as many as 14 million Americans hold jobs at risk of being outsourced." Mercury News October 2004
"...the worldwide market for offshore IT services will grow from nearly $7 billion in revenues in 2003 to $17 billion by 2008, achieving a five-year compound annual growth rate (CAGR) of nearly 20%." IDC October 2004
"Several offshore outsourcing vendors now exceed $1 billion in annual revenue, and the total market is greater than $10 billion." META Group October 2004
"...the average enterprise will ultimately outsource 60% of application work offshore (circa 2008/09)." META Group October 2004
"The offshore outsourcing market will continue to grow nearly 20% annually through 2008..." META Group October 2004
"AMR Research released a study today announcing that manufacturers plan to increase outsource spending 9.3 percent in 2005 in an effort to contain internal IT costs." AMR Research October 2004
"Despite these limitations, the report showed that in 2002 the US imported 37.5 billion US dollars worth of business, professional and technical (BPT) services, which is a 76.8 percent increase since 1997." INQ7.net referencing GAO Study October 2004
"Major IT services companies worldwide currently employ 14% of their combined workforce in India, as they tap into the country's low-cost IT and back-office skills base. Research from ComputerWire found that the top 50 IT services companies currently employ a total of 1.25 million employees worldwide, with 173,000 of this total based in India." Computer Business Review Online September 2004
"The U.S. information technology sector lost 403,300 jobs between March 2001 and this past April..." Associated Press September 2004
"American employers will hire 270,000 fewer IT workers this year than they did in 2003, according to a poll of 500 hiring managers by the Information Technology Association of America, providing fresh evidence that the IT-labor market continues to weaken." InformationWeek September 2004

Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7