26 Outsourcing Statistics in the UK for a More Successful 2021

06/24/2021

by Bojana Atanasovska,

Easy access to talent, lower cost, getting ahead of the competition by investing less — these are just some of the benefits of outsourcing. But is this trend all it’s cracked up to be? Or do the drawbacks outweigh the advantages? Why are a third of companies in Britain planning to outsource more in the future?

Take a look at the latest outsourcing statistics in the UK to find out.

Ten Outsourcing Facts to Help Grow Your Business

30% of UK businesses plan to outsource more by 2022.
Seven in ten companies in the UK outsource services to third parties.
62% of companies that outsource software development services turn to Eastern European countries.
IT support is the most frequently outsourced function.
Almost half of the UK businesses outsource their marketing.
Accounting is the most-commonly outsourced sector by small companies.
In 2018, the IT outsourcing market revenue was at $22.5 billion (£16 billion).
71% of UK businesses say cost reductions are the main reason for outsourcing.
IT companies outsource because it’s cheaper.
28% of UK companies plan to outsource at least one business due to the COVID-19 pandemic.

VIsit the link below for the full article:
https://dontdisappoint.me.uk/resources/lifestyle/outsourcing-statistics-uk/?msID=a925e640-fe8b-4036-b554-30b432091226&msID=74d09d61-d911-4847-ad5f-3ec7f07447f4

Back To News

Subscribe Now

Archive

SBE Northeast

Louisiana Business Journal
Archive

Connect with us

ABOUT SBE Inc.

Small Business Exchange Inc., is the ultimate business information hub for small businesses, disadvantaged, Asian, Black, Hispanic Women and Disabled Western-owned Business.

Founded in 1984 by Gerald W. Johnson and Valerie, Voorhies, SBE, has been working for over two decades to provide businesses with the most powerful tools available and accurate, up-to-date information about contract opportunities in the public and private marketplaces.