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Recession 'sparked outsourcing boom'
The global recession has placed a renewed emphasis on outsourcing as a method of reducing business costs, a new survey has indicated.
According to research group IDC Canada, a large number of organisations are looking to outsource IT services in order to become more competitive in the international marketplace.
The study said that the US and Europe still lead the way in terms of global outsourcing, although other nations such as Canada are beginning to step up their activities in this area, the IT Business website reports.
Many firms now realise that the development of outsourcing relationships with businesses overseas has become a necessity in the modern corporate environment.
Management consultant Frank Hart told the website: "If you aspire to be a global service provider, you need to have a global presence and resources."
In December, the International Association of Outsourcing Professionals issued a series of year-end predictions stating that increased regulation and the need for compliance will have an impact on the outsourcing sector in 2010.