IT Outsourcing Market to grow by USD117.24Mn
IT Outsourcing Market is expected to grow by $117.24 million by 2026 according to Service and Geography Forecast and Analysis 2022-2026.
The need to optimize business processes in (Business Process Outsourcing) BPO firms is increasing the demand in the IT outsourcing industry due to the stringent competition to boost service offerings and further innovation of products.
The Asia-Pacific (APAC) region will account for 40% of the market’s growth during the forecast period. This growth is attributed to factors such as ease of virtualization and dynamic scaling. China and Japan are the key countries for the IT outsourcing market in APAC.
However, in Technavio’s latest market report, the growth momentum of the market will decelerate at a CAGR of 4.12% during the forecast period.
