Offshore outsourcing to grow at 20% a year – new research from Meta Group

The offshore outsourcing market will continue to grow nearly 20% annually through 2008, despite the less-than-favorable light in which it is held in some political quarters, Meta Group predicts. By 2005 to 2006, most I.T. organizations will have an offshore strategy. And by 2009, the average enterprise will outsource 60% of application work offshore. Meta found that application development and maintenance constitutes approximately 30% of spending for the average I.T. organization. Sending work offshore reduces that expense by 30%.