After the disruptions of Covid-19, there is now massive potential for companies to outsource, and particularly nearshore, their IT services.
The past two years have undeniably shaken the way people and organisations around the world operate and conduct business. One of the most profound changes has been the growth of hybrid and remote working. This, along with the rapidly expanding market of international tech talent, makes outsourcing abroad more viable than ever.
As the world continues to recover from the Covid-19 pandemic, we are beginning to see how organisations are using what they have learned as a springboard to bounce back and transform their businesses. With ongoing uncertainties in the current global economy as a result of the ongoing war in Ukraine, the cost of living crisis and soaring inflation rates, it makes sense for organisations to look further afield for IT talent to deliver essential technical skills while keeping costs down.
A renaissance in IT outsourcing
After a decline in popularity, statistics suggest that IT outsourcing has begun to rise in popularity once more. Recent research by STX Next provides evidence that business leaders are planning to return to IT outsourcing, stating that 89% of chief technology officers plan to outsource software development or IT expertise in the future, even though 59% are not currently doing it, and 43% have done it in the past but have stopped.