Business Process Outsourcing News and Information

Ireland has always been one of the strong contenders for the top spot in BPO world. In fact on high end software consulting, it’s the no. 1 destination for top notch companies of the world. Now the latest study from Frost & Sullivan is predicting that the outsourcing in the country will be growing by healthy 15% over the next two years.

A report by Frost & Sullivan on the SSO market placed Ireland third in the rankings, behind India and China. The report predicted the worldwide SSO market would grow at a compound annual growth rate (CAGR) of 15 per cent from $930bn in 2006 to $1,430bn in 2009.

Commenting on Ireland's position, Kam Soon Siew, consulting director at Frost & Sullivan, pointed to Ireland's corporation tax rate of 12.5 per cent, tax credits on incremental expenditure on R&D and its favorable holding company regime with double taxation agreements with 44 countries.

Most unique thing probably is its young workforce. I always thought in Europe broadly workforce is aging, but no, not in Ireland. Here, over 36% of the workforce population is under 25. Now that’s certainly a unique, interesting and quite a strong proposition.