The Dynamic Growth of Outsourcing in 2023: U.S. Leads the Way in a $731 Billion Market

In 2023, the global outsourcing market experienced significant growth, with spending projected to reach approximately $731 billion. This includes an estimated $519 billion allocated to IT outsourcing and $212 billion to business process outsourcing.

The United States continues to be a major contributor to this market, accounting for a substantial portion of global outsourcing expenditures. In 2023, the U.S. was expected to generate approximately $167.9 billion in revenue from outsourcing activities.

A significant number of U.S. companies engage in outsourcing to enhance efficiency and reduce costs. Notably, 68% of large consumer products companies in the U.S. outsource a portion of their workforce.

The primary motivations for outsourcing include cost reduction, access to specialized expertise, and the ability to focus on core business functions. These factors have driven the expansion of outsourcing across various industries, with IT services and business process outsourcing leading the way.

Overall, the outsourcing landscape in 2023 reflects a dynamic and evolving market, with the United States playing a pivotal role in its development.