The outsourcing industry is set to grow in the next 18 months
despite the fact that companies are preparing for hard times in a
tougher economic climate, says UK-based Indian outsourcing company
ITC Infotech.
The company said the trend is largely due to many companies
facing increasing pressure from stakeholders to offshore their
business to cut costs.
The same trend was identified last in a report by the
Confederation of British Industry, based on an industry survey
that found IT services companies are seeing strong growth in marked
contrast with others in the services industry.
Hardeep Garewal, president of strategic accounts at ITC Infotech
said that although there has been a sizeable shift in the industry,
outsourcing's biggest growth is yet to come.
"The market will get significantly larger with more companies
looking at alternatives to reduce costs and boost the bottom line,"
he said.
According to Garewal, ITC Infotech is still investing and
growing in key sectors despite current market conditions.