OUTSOURCING

This is from a recent report by the Asian Technology Information Program:

“The Outsourcing Institute estimates that the world outsourcing spending in IT is set to increase from US$56 billion in the year 2000 to US$100 billion in the year 2005. Another area that has received attention in recent years is the Business Process Outsourcing (BPO). The world BPO market in the year 2002 was worth US$110 billion, according to Gartner Inc. The Aberdeen Group predicts that it will reach US$248 billion in the year 2005.”

While these figures do not represent outsourcing to firms in developing nations, they suggest a large business opportunity for such firms.