Outsourcing is on the rise, and it shows no signs of slowing down. The business process outsourcing market is currently growing at an annual rate of 8% and is projected to reach a value of $405.6 billion by 2027.
IT outsourcing is also growing steadily. In 2018, the market was worth $85.6 billion, only to reach $92.5 billion the next year. Despite the economic impact of the COVID-19 pandemic, IT outsourcing is expected to continue growing, reaching the value of $98 billion by 2024.