The International Association of Outsourcing Professionals (IAOP), a leading outsourcing industry body, said organizations around the world see outsourcing as a vital business asset. It is “one of the most powerful tools available today” when it comes to establishing better companies and economies.
According to IAOP Chairman Michael Corbett, about four million people are employed in the top 200 companies in the global outsourcing industry. "It's time for us in developed economies to realize the value of outsourcing and to start investing and competing for a share of the global, multi-trillion pound outsourcing industry," Corbett said.
Outsourcing is increasingly viewed as a vital and “mature” business practice. IAOP said the 10 percent revenue increase in 2010 indicates that more companies are outsourcing work and they are becoming more confident in the industry and economy.