If COVID-19 didn’t break out, our world would look much different than it is today. normally, each industry will have several long-term predictions, in which experts pictures their expectation about the trend, market overview, and other categories that businesses care about the most. However, COVID-19 has disrupted almost all existing predictions with its unprecedented damages. The world we live in today can never be the same as it used to be, and what we can do, is get to know it better, and understand the implying trend of each figure to foresee the dominating features. Do you want to get yourself updated about all IT outsourcing trends in 2021 and how these can affect the global market in the years to come?
CMC Global has crawled the web, scraping analytics and charts from famous sites to have the most important IT outsourcing statistics organized. Our data-based research can give you a clear view of a post-pandemic world on several topics, from the global tech talent shortage, to IT outsourcing volume, 5G, or AI. These are the world’s major IT outsourcing 2021 trends for the upcoming year.
According to Statista, the total value of IT services companies might exceed $413.72 billion by the end of 2021 – so check CMC Global‘s article out to see what’s good and bad coming with this ever-growing industry.
IT spending in Q3/2020 starts to rebound, but the trend is now shifting
The IT spending of each country decreased in 2020, except for China. However, in 2021, most countries are set to increase again.
ITO’s main players are:
APAC (excl JP)
Check out our FREE report on Top countries for IT outsourcing and their opportunities in the POST-COVID era
With the severe outbreak in Wuhan, business and government purchases for technology goods and services in China, in general, dropped between 2 and 6% in the first quarter of 2020. However, thanks to the government’s quick and strict policy of social distancing and lockdown, tech spending in China resumes growth by the second quarter, ultimately growing by 2.3 to 4.5% in the full year of 2020.
Globally, most predictions in 2019 about a noticeable growth are all wrong.
Worldwide IT spending is projected to totally change in 2021, with an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019.
Check out Our list of Top Custom Software Development Companies in Vietnam
Technology Trends We Should Expect in IT Outsourcing 2021
SaaS is now dominating
The increase in spending on software as a service (SaaS) will be driven by the need for telecommuting solutions and online conferences.
In addition, the overall ‘as-a-Service’ Market is expanding. The two segments ‘Infrastructure-as-a-Service’ and ‘Software-as-a-Services’ account for more than 40% of the global IT outsourcing market.
Also, the increase in spending on software as a service (SaaS) will be driven by telecommuting solutions and conference/ collaboration services.
As digitization grows and businesses adapt to digital transformation, ways of outsourcing are also expected to change
CIOs can plan out their outsourcing plan based on this chart
We provide talented developers of all kinds from senior to junior engineers, skilled programmers in various technologies, leading architects, and tech specialists – Hire Top Developers with CMC Global!
Traditional outsourcing is now outgrown by RPA
For IT outsourcing in 2021, this trend was accelerated under the impact of COVID’s lockdown and social distancing.
But COVID is not the main core, as RPA has been all the rage for years. According to Gartner, approximately 90% of large organizations globally will have adopted RPA in some forms by 2022. This is because corporations look for ways to digitally empower critical business processes by inputting resilience and scalability, at the same time recalibrating human labor and manual effort.
For the further future, RPA, especially services such as RPA consulting and RPA implementation will ensure business owners that their business is protected and can process smoothly in case of any similar global pandemic to COVID-19.
The emergence of a digital outsourcing model
Under the impact of Covid-19, customers have become accustomed to going online to search for services on demand, requiring businesses to keep up with the change in consumers and digital technology usage.
Thus, Robotic process automation, software bots, automation, machine learning, and other disruptive technologies are becoming ubiquitous and taking over the world. The outsourcing industry will also be affected by this and a new digital approach will emerge
- As digitization grows and businesses adapt to digital transformation, ways of outsourcing are also expected to change.
- IT Development companies will help businesses to access the technology stack that is unavailable to the in-house team. No matter what type of business you have, modern outsourcing advancements can make your work more productive, efficient, and lucrative.
This will encourage outsourcing companies to create new digital execution strategies, maintain digital systems, and integrate these strategies across various digital platforms.
Many of the emerging techs, like virtualization and grid computing, also enable the innovators in the outsourcing industry to utilize the cloud, the standardized IT infrastructure.
As the lockdowns slowly ease and business returns to a point where big deals can be done, 2021 can be the year for the brave, the smart and the lucky take control.
CMC Global in brief
- 28 years in IT.
- Over 1000 specialists on board.
- 150+ clients from various industries.
- 1000+ certified experts.