MarketPoint Infographic - Outsourcing 2015 October
MarketPoint Infographic - Outsourcing 2015 October
MarketPoint Infographic - Outsourcing 2015 October
A Growing Trend
A MarketPoint Infographic
Outsourcing:
38%
43%
of distribution
of IT services
12%
26%
$104 billion
$28.5 billion
$76.1 billion
Value of information
services contracts
outsourced to
offshore providers
(Statista)
$54B
52%
$37B
36%
$13B
Europe,
the Middle East
and Africa
12%
Asia Pacific
An improving U.S.
economy
Rising revenue in
the finance and
accounting sectors
Escalating expenses
driven by higher wages
and rising health
insurance costs
Outsourcing
planet(Selvaggio)
Help desk
support
Database
management
Payroll
HR benefits
administration
Employee
training
Online technical
support services
Customer Relationship
Management (CRM)
Marketing
Food
services
Travel
accommodations
Patient care
Executive
support staff
6
1
2
3
4
5
6
Choose a
provider who
can provide
the exact skills
you need
(Selvaggio)
Monitor and
manage your
outsourced
functions
closely
(Deloitte)
Learn to manage
and resolve issues
or disputes before
terminating
contracts
(Deloitte)
significant costs and forces unnecessary delays. Leverage the expertise and facilities of
proven suppliers, instead.
Finance and Accounting Staff. Many small businesses use simple, off-the-shelf
accounting packages, so the biggest cost in your finance department is people. Consider
outsourcing all of your accounting and finance functions, or at least hire a fractional CFO.
Technology. Cloud computing services may delay your need to invest significantly in
Office Expense. Shared executive office suites can eliminate fixed costs such as rent,
administrative and support costs, utilities, security, phones, and office equipment even
in multiple locations.
Human Resources. Most small and mid-sized companies should consider outsourcing
responsibility for hiring, benefits, personnel management, and HR compliance.
Sales and Marketing. Rethink your marketing approach and improve ROI by
reallocating funds planned for advertising, trade shows and events. Some Marketing
providers can even manage the sales process.
Bhatia, S. Todays Top Trends: Business Process Outsourcing. 9 January 2015. Blog. 24 August 2015.
<https://spendmatters.com/2015/01/09/todays-top-trends-business-process-outsourcing/>.
Deloitte. "Deloittes 2014 Global Outsourcing and Insourcing Survey: 2014 and Beyond." Survey Results. 2014. PDF. 13 August 2015.
<http://www2.deloitte.com/content/dam/Deloitte/us/Docments/strategy/us-2014-global-outsourcing-insourcing-survey-report-123114.pdf>.
Entrepreneur Staff. Small Business Encyclopedia: Outsourcing. n.d. Web Page. 13 August 2015.
<https://www.entrepreneur.com/encyclopedia/outsourcing>.
Evans, Michael. "6 Key Areas To Outsource When Starting A Business." 13 April 2015. Forbes. Article. 24 August 2015.
<http://www.forbes.com/sites/allbusiness/2015/04/13/6-key-areas-to-outsource-when-starting-a-business/#765155838bad>.
IBISWorld. "Outsourcing Services in the US." July 2015. IBISWorld. Report. 25 August 2015.
<http://www.ibisworld.com/industry/business-process-outsourcing-services.html>.
McCarthy, Niall. "One World Trade Center is the world's fourth tallest building." 6 November 2014. Statista. Web Page and Chart. 30 August 2015.
<https://www.statista.com/chart/2917/tallest-buildings/>.
Selvaggio, Lisa. "Outsourcing Statistics: The Pros and Cons." 2 April 2014. Udemy. Blog. 13 August 2015.
<https://blog.udemy.com/outsourcing-statistics/>.
Statista. "Global market size of outsourced services from 2000 to 2015." 2016. Statista. Web Page and Chart. 1 September 2015.
<http://www.statista.com/statistics/189788/global-outsourcing-market-size/>.
. "Global outsourcing industry revenue from 2010 to 2015, by region." 2015. Statista. Web Page and Chart. 30 August 2015.
<http://www.statista.com/statistics/189795/global-outsourcing-industry-revenue-by-region/>.