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Offshoring in 2020 500 Billion $ - McKinsey report
- tarouter 17y agoFor the benefit of those who don't want to register, here is the brief - India leads the world in providing offshore services in business and technology, with revenues of $58 billion in 2008, out of a global total of $80 billion. McKinsey estimates this is just the beginning: the global market for offshore business and technology services could grow to about $500 billion by 2020. Yet even with this growth, the industry will still serve less than 1/3 of the potential market for these services, which McKinsey estimates at $1.65 trillion to $1.80 trillion in 2020.
- Retric 17y agoThis is total bull. 500 / 80 = 6.25x growth in (2020 - 2008) = 12 years. 6.25 ^ (1/12) = 1.165x growth per year or 16.5%, but outsourcing is only growing at ~8%. And it looks like the trend is slowing down.
- oakmac 17y agoThings of this nature cannot be predicted so far in advance. This report is as useful as yesterday's racing form.