GITNUX MARKETDATA REPORT 2024

Software Outsourcing Industry Statistics

The software outsourcing industry continues to grow steadily, with a high demand for cost-effective software development solutions, increased focus on innovation, and a trend towards global collaboration and partnerships.

Statistic 1

"An estimated 78% of businesses worldwide feel positive about their outsourcing relationships."

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Statistic 2

"The global value of the business process outsourcing (BPO) market was approximately USD 26 billion in 2018 for the software development sector."

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Statistic 3

"India accounts for 55% of the global outsourcing market."

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Statistic 4

"By 2026, the global IT outsourcing market is projected to reach USD 425.19 billion."

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Statistic 5

"Over 50% of companies use outsourcing services to reduce expenses."

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Statistic 6

"24% of small businesses outsource to increase efficiency."

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Statistic 7

"71% of financial service executives cite outsourcing as a key factors to improvement."

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Statistic 8

"By 2023, 43% of companies are expected to rely entirely on outsourced IT services."

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Statistic 9

"78% of businesses globally feel positive about their outsourcing partnerships."

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Statistic 10

"The global IT outsourcing market, which includes software outsourcing, was valued at USD 333.7 billion in 2019."

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Statistic 11

"The software outsourcing market in Latin America is projected to grow at a CAGR of 4.2% from 2020 to 2025."

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Statistic 12

"The global market for outsourcing and shared services was worth USD 92.5 billion in 2019."

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Statistic 13

"37% of small businesses currently outsource a business process."

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Statistic 14

"China is the second-largest outsourcing country globally, with 17% of the market share."

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Statistic 15

"15% of the world’s outsourcing revenue comes from Eastern Europe."

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Statistic 16

"80% of the world’s 500 largest companies outsource their IT business functions."

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Statistic 17

"Eastern Europe software development outsourcing industry is projected to reach a market value of USD 10 billion by 2025."

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Statistic 18

"The revenue of the global software outsourcing industry is anticipated to grow at a CAGR of 4.5% from 2021 to 2026."

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Statistic 19

"Approximately 70% of companies outsource to reduce costs."

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Statistic 20

"Nearly 300,000 jobs are outsourced out of the U.S. each year."

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