Study Reveals Outlook of Outsourcing Processes and Services

Around 300,000 jobs are outsourced by the United States annually, according to the study.

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An increasing number of organizations around the globe are looking to outsource some of their essential and non-essential business functions to third-party businesses to streamline workflow and save on costs, according to the latest findings from Capital Counselor. So much so that today, outsourcing has become a way of life for many startups and large firms.

Here’s a Top 10 list of U.S. outsourcing statistics:


·        In 2019, the worldwide outsourcing market was worth $92.5 billion.

·         59% of companies outsource to save money and cut costs.

·         14.3 million workers is how many U.S. overseas affiliates hired back in 2015.

·         In 2017, 84.2% of outsourcing deals came from the United States.

·         60% of the work being outsourced is related to the IT industry.

·         India is the world’s top country for business process outsourcing.

·         Around 300,000 jobs are outsourced by the United States annually.

·         Following the economic crisis of 2008, 86% of those surveyed said that outsourcing had a negative impact on the U.S. economy.

·         23% of companies state that cybersecurity issues are the main reason they opt to not outsource their services.

·         Around 37% of small businesses outsource to handle at least one of their business processes.