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

 


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