If you were to come up an apt phrase to describe the outsourcing market, what would it be? Not too tough a guessing game! But just in case you haven’t been able to guess it right, don’t cudgel your brains. The answer is pretty straight forward.
“The contracts of the length of 8 -10 years are currently not that common. Strategic Outsourcing is dying a natural death and being replaced by Cloud and Managed Services – this impacts both deal size and term,” observes Sanchit Vir Gogia, Chief Analyst and Group CEO, Greyhound Research.
And what’s more? Times don’t seem to be getting any less tough. “Strategic outsourcing deals are increasingly being replaced by cloud and/or managed services delivery methods to leverage the cost and delivery benefits arising out of these delivery models,” states Gogia, signaling the shift.
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