With all its emphasis on forward-looking innovation, digital transformation is also triggering increased interest in an age-old IT practice: outsourcing.
Most CIOs are migrating applications to public cloud services, offloading operations and maintenance of computing, storage and other capabilities so they can reallocate staff to focus on what’s strategic to their business. The same is true of services more traditionally handled by IT outsourcing providers, such as back-office work and managed services.
The global IT outsourcing market, on pace to top $299 billion in 2017, is growing at an annual rate of 6.3. percent and will total $363 million by 2020, according to data Gartner released in June. That compares favorably to Gartner’s forecast for public cloud services, which is projected to grow 18.5 percent in 2017 to total $260.2 billion, and $411 billion by 2020.
Read More from This Article: Outsourcing remains strategic in the digital era
Source: IT Strategy