We were curious to know the latest IT outsourcing trends.
Then we realized that technology enhancement is not easy to manage all by yourself. Aside from that, the IT market has become more global, requiring organizations to provide services locally as well as globally.
Here outsourcing plays a vital role. Outsourcing allows businesses to focus on their core competencies and leaves the rest to their hired partner.
It sounds interesting, right?
Outsourcing is not a one-sided coin. It is constantly evolving and offering new practices.
You are probably curious about the latest IT outsourcing trends. This is the first thing that will blow you away!
By 2021, the revenue from IT outsourcing will grow at a rate of 8.93%. This will lead to a market volume of US$551,956.3Mby 2026.
Amazing IT Outsourcing Trends You Will Witness in 2022
Blockchain Services Will be More in Demand
Blockchain technology has already revolutionized the financial services sector. It will also have an impact on software development outsourcing in the future. Blockchain allows developers the ability to create applications that securely store data on decentralized computers.
This security is appealing to companies looking to outsource IT functions and cloud storage. Blockchain's decentralized nature makes it easy to extract value from data through business intelligence (BI).
We expect more companies to realize the potential of blockchain outsourcing.
Outsourcing Providers Will Focus More on Machine Learning Automation
Machine Learning Automation is another IT outsourcing trend to watch in 2022. Machine learning (also known as artificial intelligence, or AI) is a type of machine learning that allows computers to learn and not have to be programmed. This technology is used in many areas, including outsourcing.
Outsourcing providers can use machine learning to optimize their operations and improve their services. Machine learning can help outsourcing providers identify and resolve issues faster. In the next few years, machine learning will be a more important part of the IT outsourcing industry.
Growing Need for Cybersecurity Specialists
Businesses will be moving more of their operations to cloud computing. This will increase the demand for cybersecurity experts. Providers that offer cybersecurity services will be highly sought after.
We predict that cybersecurity services will continue growing in the coming years. These services will be highly sought-after by providers who can provide them. We expect more providers to specialize in this area.
Increased Focus on Artificial Intelligence
Artificial intelligence (AI), is software that performs tasks similar to human intelligence. AI is becoming more common, and many companies are incorporating AI in their products and services.
This applies to both offline applications such as chatbots and online applications such as digital personal assistants.
The Practice of Remote Work Will Become Even More Popular
“The future we envision for work allows for infinite virtual workspaces that will unlock social and economic opportunities for people regardless of barriers like physical location…” – Andrew Bosworth, VP of Facebook Reality Labs.
Remote work refers to the practice of working remotely from another location than your office. Remote work can be performed permanently or temporarily. It often involves the use of technology to communicate with clients and coworkers.
Remote work is becoming more popular as more people realize its advantages. These benefits include greater flexibility, increased productivity, and a better work-life balance.
There is no doubt that the demand for remote work will increase and more employers will be offering these positions. Outsourcing providers will have to grow their workforce to meet the growing demand.
Eastern Europe will Claim More of the Outsourcing Market
Some of the most cost-effective and talented outsourcing professionals in the world are found in Eastern Europe. As businesses increasingly outsource information technology, they will be more inclined to look to Eastern European countries as a source of talent.
This region is a popular choice for IT professionals looking to be skilled.
Labor costs are much lower in developing countries like the United States and Britain than they are in developed ones.
Because of the high quality of labor, it is excellent.
It is easy to do business in the area because of its well-developed infrastructure.
In the future, Eastern Europe will remain a popular destination for outsourcers.
These are the IT outsourcing trends you can expect to see in the future. Some of these trends are being used by businesses already, but others will gradually gain popularity over the coming years.
You can also hire professionals to obtain the most advanced IT outsourcing services. Follow the tips we have discussed above. Do you have any questions? Book a free consultation.