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| Statistics and Facts |
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The appeals of working with Worldsoft are that of customizable products and catered services, significant cost savings, high software quality, access to worldwide markets, utilization of global talent, and labor productivity gains. We work with you along every step of the development to ensure that you receive the product you want and that satisfaction is achieved.
Some facts about outsourcing:
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From 1998 through 2003, spending on outsourced information technology and services grew at a compound annual rate of 32% over the five-year period, from $2.5 billion to $10 billion. Savings from outsourcing software is estimated to rise from $6.7 billion in 2003 to $20.9 billion in 2008. Worldwide outsourcing of computer software and services is expected to increase from $10 billion in 2003 to $31 billion in 2008, at a compound annual rate of 26%. 40% of Fortune 500 companies expect to outsource their software needs to offshore developers by the end of the year, with the overall offshore outsourcing market to hit $160 billion by 2005, an increase from $101 billion in 2002 (Gartner). As much as 93% of business technologists surveyed by CMP LLC say that "the work that's going offshore is either important to critical to" their companies' operations. Offshore spending of US IT services may expand 23% by 2007, a 5% increase from $16 billion 2003 to $46 billion (IDC Corp).
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Through 2004, 80% of CIOs will be pressured by their financial superiors to move some of their IT work offshore (Computerworld). |
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