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The Advent of Global Shared Services and Outsourcing Hotbeds

  • 13 December, 2005 12:42

<p>Frost &amp; Sullivan to Host Interactive Analyst Briefing on Shared Services and Outsourcing on Thursday, December 15, 2005</p>
<p>Sydney, Australia – The Information &amp; Communications Technology Practice at Frost &amp; Sullivan will be sharing the findings of its maiden study on Global Shared Services and Outsourcing (SSO) Hub Potential Analysis via Web and Tele-conference on Thursday, December 15, 2005 at 11.30 am AEDT (Sydney).</p>
<p>The study surveyed more than 300 of the Global Fortune 500 companies across seven verticals to understand the factors influencing their SSO decisions.</p>
<p>The past decade has seen dramatic growth in SSO adoption driven primarily by cost benefits, and business transformation and reengineering activities. The need to focus on core business activities to remain competitive has been the underlying thrust for the fast maturing SSO operations of these global companies.</p>
<p>The study estimated the global SSO market to be worth US$647.5 billion in 2004 and will reach US$758.1 billion by end-2005. Onshore SSO constitutes the bulk of total SSO spending, with offshoring accounting for a mere six per cent of the total market in 2004.</p>
<p>Appositely, offshoring is expected to experience a more accelerated growth at an impressive CAGR (compound annual growth rate) of 30 per cent from 2004 to 2007, against total SSO market CAGR of 12 per cent. The Asia Pacific region alone accounted for as much as 70.7 per cent of total global SSO offshoring, and is expected to grow at a CAGR of 8.71 per cent for the period 2004 - 2007.</p>
<p>This exclusive quarterly analyst briefing will cover key hotbeds in Asia Pacific as well as case studies on selected verticals and their attractiveness index. Furthermore, the briefing will include: growth drivers, challenges, opportunities and forecasts and trends of the market, as well as how these markets are affecting each other.</p>
<p>Those interested in participating in this interactive analyst briefing should send an e-mail to Sharmin Jassal – Corporate Communications at sharmin.jassal@frost.com with the following information: your full name, company name, telephone number and e-mail address. The registration details will be sent to you via e-mail upon receipt of the above information.</p>
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<p>About Frost &amp; Sullivan
Frost &amp; Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. While serving clientele including Global 1000 companies, emerging companies, and the investment community, Frost &amp; Sullivan's comprehensive industry coverage includes a unique global perspective that combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/.</p>
<p>Media contact:
Sharmin Jassal
Frost &amp; Sullivan Australia
P: +61.2.8247.8900
F: +61.2.9252.8066
E: sharmin.jassal@frost.com</p>

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