The software outsourcing industry is growing in leaps and bounds! The advantages of offshore software development are being leveraged by large-scale as well as small-scale enterprises and even start-ups! Check out some interesting 2022 statistics researched by Zippia.com, about the US outsourcing industry!
The value of the global software outsourcing market was $92.5 Billion in 2022. This accounted for $62 billion of the entire international market revenue.
The US outsources approximately thirty-thousand jobs every year.
59% of companies outsource to cut costs.
66% of the business enterprises in the US outsource services for at least one department.
78% of the global organizations that outsource services hold a positive attitude towards their respective technology partners.
The outsourcing market has been predicted to grow at a CAGR of 4
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