Statistics & Forecasts about Outsourcing Over The Next 10 Years

Virstaff is excited about the future. Post pandemic, remote work now commonplace, outsourcing is booming. According to Statista, the global revenue of business process outsourcing and information technology outsourcing was around 92.5 billion U.S. dollars in 2019. However, post pandemic and according to a study by Grand View Research Inc., the global business process outsourcing market was valued at USD 261.9 billion in 2022 and is projected to reach USD 525.2 billion by 2030, registering a CAGR of 9.1%from 2022 to 2030. Deloitte projects that the global outsourcing market will reach $10 trillion by 2022 and international outsourcing and remote services are projected to reach $19.5 billion by 2025.