The reason behind bulk outsourcing may lie in the bulk federal technology related workforce which is heading towards retirement. And also future complicated and new age IT demands it seems won’t be met by the aging bygone era’s workforce. Baby boomers are fast reaching retirement age and federal agencies have no way left but to outsource more and more mission critical IT and software functions. INPUT, the Virginia based authority on government business predicts that the federal IT outsourcing market is expected to grow at a compound annual growth rate (CAGR) of 5.9%. It says the figure would reach from $13.3 billion (in 2006) to $17.7 billion by 2011.
More News: U.S. State, Local Outsourcing Market to Exceed $20 Billion
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Posted by: GoRecroot | March 18, 2007 9:54 PM | Permalink to Comment