It Outsourcing Market Size Is Projected To Reach Usd 770.98 Billion By 2032, Growing At A Cagr Of 9.3%: Straits Research

The global IT outsourcing market is expected to reach USD 770.98 billion by 2032, growing at a CAGR of 9.3% during the forecast period. The demand for scalable options, differentiation, and adoption of cloud services are driving the market growth, with application development and maintenance being the most commonly outsourced functions. Emerging technologies such as 5G, AI, IoT, and robotic process automation are also contributing to the demand for efficient and scalable IT infrastructure.