This question is about outsourcing statistics.

What is outsourcing?

By Zippia Team - Feb. 14, 2022

Outsourcing is the process of relocating a company's internal duties to an external party. There are two types of outsourcing: business process outsourcing, or BPO, and information technology outsourcing, or ITO.

Business process outsourcing relocates business operations to a service provider or company outside the organization. Information technology outsourcing refers to outsourcing a company's IT needs and responsibilities.

Outsourcing is very often associated with offshoring, the process of relocating a company's jobs overseas. Companies most often outsource jobs offshore in an effort to save money and resources. In 2019, India was considered the best country for offshoring.

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