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HCL Technologies

25% of 2010 IT spend was from first-time outsourcers

Published Date: 
Jan 04, 2011
Source: 
NA
While the global economic downturn saw some bigbuyers of technology reducing their spends, it also bought about greater accept-ance for outsourcing, bringing in a large number of first time outsourcers in the fold. At least a fourth of the total technology spending in 2010 is expected to have come from these first-time outsourcers who farmed out services to mostly Indian players as cost reduction and driving efficiency became imperative. According to market re-search firm Datamonitor, on an average, IT services outsourcing results in savings of 15-20% for customers.
Source: 
NA
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