ESTA Technologies - Global Outsourcing Revenue to Reach $464 Billion This Year

Oct. 15, 2011 - PRLog -- ESTA Technologies reports the global outsourcing industry is expected to continue its rapid expansion this year, with the Philippines asserting its role as a major player in the IT-BPO sector, according to a report released this week by research and consulting firm XMG Global.

Total market value for the global outsourcing sector is expected to reach $464 billion this year, marking a 9.2 percent hike over the $425 billion noted in 2010. Meanwhile, the Philippines, with its strong business process outsourcing market, will hold the third spot with revenue estimated at $10.7 billion - a 7.4 percent share of the global outsourcing market.

"Given the continued growth of competition and increasing demand from other countries besides the U.S. and Europe, XMG Global expects a sustained displacement and redistribution of market share not only between India and China but in other emerging outsourcing destinations such as Brazil, Mexico, and Malaysia," reported XMG Global chief analyst Lauro Vives, according to Newsbytes Philippines.

As the U.S. economy continues a slow economic recovery, many international markets are left waiting for demand to pick up alongside the country's activity.

ESTA Technologies
www.estatechnologies.com

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ESTA Technologies provides Sourcing Services in Technology Management and Business Process Management, offering a broad portfolio of enterprise G&A and industry-specific requirements.