IT outsourcing is popular among companies of all sizes. The Spending and Staffing Benchmarks study for 2018-2019 found that larger companies had increased spending on nearshore software outsourcing from 6.3% to 8.7%, while medium companies increased their investment into technology outsourcing from 4.7% to 6.5%.
These days, information technology outsourcing has become a common practice among companies from all over the world. The global market size of IT outsourcing services reached $85.6 billion in 2018. There are many reasons why they choose to outsource, from the ability to reach a more diverse talent pool to cutting costs.