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IT outsourcing evolves and current trends are more than positive for Eastern European outsourcing vendors that come to the global arena and prove as solid players that shall be taken seriously now. The findings of the study attest that Russian and Eastern European software development companies have joined the Big League of IT outsourcing services providers to compete with India-based recognized giants.

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For a long time the management of EPAM Systems, Eastern Europe’s largest software development company, was looking to enter the Russian outsourcing market. At the same time the labor market in Belarus, with a population of nearly 10 million and EPAM’s first offshore location, began heating up.

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To better understand key market trends and how they affect the mature IT outsourcing market, Everest conducted an ITO study during the third quarter of 2007.

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What does 2008 have in store for the services market? Outsourcing relationships and destinations are changing, and vendor management is as important as ever, according to new analyst reports.

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The global outsourcing market continues to grow at a steady pace, with a forecast growth rate of 8.1 percent in 2008. But healthy growth rates for outsourcing do not necessarily mean that user organizations are without challenges.

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The benefits of outsourcing can be substantial. Aside from cost savings, there are other gains your business can make.

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As BPO outsourcing matures and more and more companies are getting into the fray, increasing numbers of companies are now also realizing that perhaps outsourcing hasn’t been such a good deal. The “lift and shift” mentality so commonly afflicting companies is coming back to haunt them in the final analysis – issues from poor training and productivity, management and technology do not go away, in spite of the work being done elsewhere.

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In large enterprise informatics the emphasis is put on fulfilling business needs to the greatest possible extent and in addition to this – due to the development in technologies and tools – customized support is provided to users.

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Storage and archiving specialist Proact is undergoing rapid growth in the field of niche outsourcing services such as backup, recovery and storage. Selective outsourcing has increased by 200 per cent over the past 12 months, and this strong growth is set to continue.

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A couple of months ago Goaleurope experts were scanning ITO market of Eastern Europe and now have summarized their findings and a few facts about the industry.

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