While estimates vary, the size of the global IT outsourcing market is roughly between $100 billion and $300 billion annually, depending on how you break it down. Outsourcing is growing at a faster rate than the overall IT services market for a variety of factors. One, of course, is the relative ease with which customers now find, evaluate and procure services in the cloud. Given the flexibility and agility that outsourcing affords, it’s no surprise that many including Deloitte and the Ponemon Institute predict big things ahead for it. In Deloitte’s 2016 Global Outsourcing Survey, the services giant concludes that “the market for outsourced services will likely continue its rapid adaption to meet—and in many cases to anticipate—the demands of the customer” while the Ponemon Institute recently published a report entitled “IT Outsourcing Growing in Popularity as a Strategic Tactic in Managing IT.”

Source: The Doyle Report: Trump and the Offshore Phenomenon | Cloud Computing content from MSPmentor