The IT services outsourcing market involves the contracting of third-party service providers to manage and operate IT infrastructure and business processes for corporate clients. Companies in various industry verticals such as BFSI, IT and telecom, retail and consumer goods, healthcare and others outsource their non-core IT services like backend operations, infrastructure management, and application development to managed service providers. This helps them focus on their core operations and achieve substantial cost savings. The IT services outsourcing model allows organizations to scale their business functions dynamically according to changing demands and access advanced technologies without investing heavily in building expensive in-house IT infrastructure and hiring full time employees.

Global IT Services Outsourcing Market Is Estimated To Be Valued At USD 387.46 Bn In 2024 And Is Expected To Reach USD 702.32 Bn By 2031, Exhibiting A Compound Annual Growth Rate (CAGR) Of 8.9% From 2024 To 2031.

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